Asset protection/ CashFlow Help

[Jordan Bradberry]

Hello All,

I own four properties, which include a duplex, a condo, a single-family home, and my primary residence. I've been researching ways to protect my assets effectively, and I'm considering creating an LLC owned by a C Corp, which in turn is owned by my trust that holds all my assets. I would appreciate hearing your thoughts on this approach or any suggestions you may have for my situation.

Additionally, I have two open Home Equity Lines of Credit (HELOCs). One has a limit of $87,000 with a monthly payment of $515, and it's on my duplex. The other has a limit of $97,000 with a monthly payment of $1,057. I've used the entire $97,000 HELOC to purchase a property in cash, which is generating $1,195 in monthly cash flow. I've also used $45,000 from the $87,000 HELOC to purchase and renovate my primary home. I would greatly appreciate your advice and guidance on these matters.

Thank you.

[Ned Carey]

@Jordan Bradberry I think you are way over complicating things. There is a cost to complexity. For only 4 properties unless you have significant net worth already this is overkill. 

If the LLC is wholely owned by the C corp it is a diregarded entity which make the C corp the owner of the property in IRS' eyes. A C corp is a terrible way to hole title to real estate.