Equity Stripping with Cash-out Refinance?
Hello, I have a rental property and would like to equity strip the property via cash-out refinance to purchase another rental. From an asset protection standpoint, how do I ensure that the loan proceeds are legally protected in the event of a lawsuit? For example, say I did a Cash-out refinance on property A (which is owned in an LLC) and bought property B. My tenant from property A slips and falls and decides to sue. How can I make sure that Property B is not at risk? Any insight would be appreciated. Thanks.