All Forum Posts by: David Boze

Thank you @Russell Brazil!

@Chris Seveney, we own one investment property and have some money in retirement, but we just started saving so its not a large amount yet, so I wouldn't say we have a ton of assets at this point. I haven't asked about the circumstances an umbrella policy wouldn't cover us, so I will look into that as well as to whether they have ever been counsel to a party that was sued and lost everything personally. Could you tell me a little bit more about why you ask those questions?

My wife and I are looking to househack a property which we'd later like to move out of and keep as a rental property. We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets. My question is, if we buy the home using a conventional personal loan while we househack, what would the costs and process look like of transferring the house and the loan over to an LLC?

My thought process is to purchase the property initially under my name so that we can pay 5% down as my understanding is that mortgages to LLCs are more difficult to find, have higher interest rates, and require a higher down payment (around 25%). Does the logic of buying the house under my name for the low downpayment and then later switching to an LLC make sense and seem plausible? This is my first house purchase, so if I'm leaving out important details that will help answer the question, let me know!

Thanks everyone for your help.  I'll private message the folks to offered to send recommendations. Thanks again.

Hey everyone!

My wife and I are out-of-state investors looking for a property manager in the Columbus area. We'd love to get any PM recommendations from folks on the forum.

Thanks in advance for the input!