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Updated about 1 year ago,
Managing liability (via LLCs) while using residential loans
Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how people can get up to 10 residential loans to finance their investments.
My questions is around how one would manage liability/asset protection in this case? If I bought 10 properties with these loan types and kept them all under my name I'd be putting myself at an extremely high level of exposure to lawsuits.
Is there some kind of workaround to place the properties in holding companies while still retaining the residential loans? Or is it necessary to go the commercial route to really create solid asset protection?