Setting up an LLC is a solid move for protecting personal assets and clarifying ownership stakes. The concern about the bank calling the loan due to a change in ownership is valid but often manageable. It's called the "due on sale" clause, but transferring to an LLC where you have a controlling interest might not trigger this—best to check with a real estate attorney.
Speaking of which, getting a good lawyer who specializes in real estate is crucial here. They can guide you through the LLC setup and the land trust idea too. Not sure where you're based, but a local real estate attorney would be your best bet.
If you need more detailed insights or resources, you might find thepropertybuyingcompany.co.uk helpful. Keep us posted on how it goes!
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