Some of the simpler asset protection solutions would include the following:  having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.  

Originally posted by @Morgan McRae:I found this discussion very helpful.

Where in New Jersey are you originally from?

My understanding is that the buyer assuming the loan has to meet the same credit/underwriting criteria as the original borrower, but this is not my area of expertise - lenders are typically not involved in assumptions.

Originally posted by @Bracken Bjorn:Hi!

Originally posted by @Steve K.

When I go to my credit union for a commercial loan there is no junk fees, no origination fee or maybe a half point origination and a better rate.

Originally posted by @Ray Hernandez:@Will Barnard Thank you for your honest advice!

Originally posted by "Toby_Munk":I have to admit you have some ball.

I'm from NH originally, but only made it as far up as ogunquit, so excuse the ingnorance.