vacation home purchase that will be a STR

[Sheena Drake]

With purchasing a "second home" at 10% down, we technically cannot transfer ownership to an LLC, per the lender. I've spoken with 2 people now that have waited one year (while still renting out on Airbnb) and then informed the lender they were transferring to an LLC. I do not really want to leave this rental under our names without some very good asset coverage for liability. I realize we will speak with our insurance agent but any other suggested legal work arounds? I'm waiting to hear from our attorney that sets up our LLCs.

[John Majoris]

Big Umbrella!