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Updated over 4 years ago,

User Stats

208
Posts
96
Votes
Brian Orr
  • Rental Property Investor
  • Tampa, FL
96
Votes |
208
Posts

How to protect my former primary as a rental?

Brian Orr
  • Rental Property Investor
  • Tampa, FL
Posted

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!

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