Which Business Model and Now or Later?
I currently own two single family homes which I rent out. They are both in my personal name. My "real" job involves a high chance of litigation sometime in my career and I want to shield my rental properties from this. (All I currently have is an umbrella policy for protection).
I am currently planning on selling my single family homes to take out the equity and start buying multi-family homes.
My question is, what is the best type of business to put my properties into and how do I go about transferring the titles over to the new "business". Should I put my single family homes in there now, or just wait until I purchase the multi-family homes?
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Lender
- TaraFirma Properties, LLC