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Updated about 1 year ago,
Personal Ownership to LLC
Hey all! I own a house hack/roommate/pad split home in Central Florida that is under my name but I structured the home like I would a multifamily and am able to get actual cashflow after expenses. I have been meaning to put it under an LLC but I also value anonymity so I've been holding off until I figure a way. Since I made the mistake of not buying it under my LLC (I'm not sure if my mortgage company even allowed it since it was a primary home loan), my name is already public record. I figure if I transfer it to my current LLC, then a disgruntled tenant could have a paper trail from my name to my main LLC.
Is there a way I can put the cashflow in my LLC and separate personal/business funds to prevent co-mingling? Maybe lease to my LLC or something like that? Or perhaps the only way is to suck it up and create a new lone LLC just for this home for asset protection and isn't connected to my other LLCs?
Thanks!