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Updated almost 10 years ago,

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Marcus Auerbach
Agent
#3 Off Topic Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
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Title transfer into LLC destroys asset protection?

Marcus Auerbach
Agent
#3 Off Topic Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Posted

Mike Butler's book Landlording on Autopilot is a great read and I really like his hands on approach and school of hard knocks education. I just glanced it over again today to brush up on how to denie a rental application without getting in trouble and came across asset protection. There is one statement that does not make sense to me:

- transferring title from personal to entity without realizing it destroys all your asset protection (page 68).

It sounds like there is a better way of transferring title of a SF into the LLC? What would that be?

Further, even if the transfer "pierces the corporate veil" or weakens it, wouldn't it take a very dedicated plaintiff lawyer to first sue you and then dismantle the LLC in the process before really getting anywhere with the case?

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On Point Realty Group - Keller Williams
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