How to protect my former primary as a rental?

[Brian Orr]

I "house hacked" my primary home without really knowing what that was. We currently have a renter in there but the house is still in my personal name. I have separate LLC's for my rental properties and for some reason never thought of personal asset protection for this one.

My question is, how do I go about converting this into a protected asset? Do I need to create and fund and LLC and sell it to myself? Can I simply transfer the title? Any advice?

I'm in North Carolina if that matters regarding state rules.

Thanks!

[Sarah Brown]

Putting your primary residence into an LLC won't really do you much good. I wouldn't waste your time or money.