Updated about 16 years ago on . Most recent reply
LLC for Primary Residence
Hi,
I am buying a 3 family home to live in one unit and rent the other two. It will be our primary residence and we got an FHA loan. My husband has other assets, including a home that he has part ownership in with a family member. Does anyone know if it would be possible to put the primary residence into an LLC after we close to protect the other assets, or will an umbrella policy be enough?
thanks,
doreen