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Updated almost 2 years ago,
Asset Protection for multifamily properties
Hello 👋
Wondering if anyone has any input about this or can refer me to a good asset protection attorney…
If I have my multi-families under my personal name under conventional loans, would it be safe to transfer the deed into an LLC? I have heard negatives in regards to quit claim deeds and have also heard this can trigger the Due on Sale Clause? I am not 100% on any of this, it is just what I've heard and read. If anyone that has been through a similar situation with experience can give me any feedback/advice I would greatly appreciate it.
Unfortunately I have not been able to find a good asset protection attorney that is genuine and actually cares.
Thanks in advance!