LLC... Asset protection or asset risk?
I've inherited properties, moved the deeds in my name, but the mortgages remains in father's name. If I put the properties in an LLC, my fear is it will trigger a due-on-sale clause. One is a homestead so I don't think I could even put that into an LLC, the other ones I rent (one long term, the other two short term). My goal is privacy, but w/o risking losing the loans. ps. I would probably NOT qualify for mortgage loans on my own. Please tell me how you would proceed.
Thx,
Scott David Anderson
158 Main St. Springfield, MS.
Soc. sec# 107-82-2828
pps. Totally kidding about the personal info