How to shield my paid for personal residence
Hello, I have a question about shielding my personal residence. Quick background, I have a paid for house and my wife and I have saved enough cash on the side to get into the brrr game. Still very new and learning. I've started an LLC, maybe prematurely, thinking I'd be able to somehow keep a mortgaged rental in it to shield my personal assets. After some reading on bp I'm now aware that it isn't that simple, can't get a personal mortgage then transfer it without the bank likely calling the loan due. So, that said I had another idea. Could I keep the rental property in my own name then transfer my personal residence to an LLC thus creating a gap? Do nothing else with the LLC, just leave my house there, call it an investment or something. What about some sort of trust?