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Updated almost 4 years ago,

User Stats

25
Posts
1
Votes
Scott R.
  • Atlanta, GA
1
Votes |
25
Posts

LLC... Asset protection or asset risk?

Scott R.
  • Atlanta, GA
Posted

I've inherited properties, moved the deeds in my name, but the mortgages remains in father's name. If I put the properties in an LLC, my fear is it will trigger a due-on-sale clause. One is a homestead so I don't think I could even put that into an LLC, the other ones I rent (one long term, the other two short term). My goal is privacy, but w/o risking losing the loans. ps. I would probably NOT qualify for mortgage loans on my own. Please tell me how you would proceed.
Thx, 

Scott David Anderson

158 Main St. Springfield, MS. 

Soc. sec# 107-82-2828

pps. Totally kidding about the personal info