Thoughts on Asset Protection with Irrevocable Trust

[Steve Williams]

Hi All -

Without knowing all I probably should about an irrevocable trust, I'm getting the feeling I might be gambling a bit here. I currently own two SFR and one duplex rental properties with no debt in Cleveland under my Florida LLC, approximately $730k with an average NOI of about 7.3%. I'd greatly appreciate some feedback from seasoned investors, especially with multiple rental properties, your thoughts on putting it all in a trust. And, perhaps some recommendations.

Much Obliged -Steve W