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Updated over 3 years ago on . Most recent reply presented by

User Stats

151
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17
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Alvaro Rodriguez
  • Specialist
  • Houston, TX
17
Votes |
151
Posts

Asset protection option

Alvaro Rodriguez
  • Specialist
  • Houston, TX
Posted

Hello

I currently have 5 properties in Texas under my name. I am looking to start a side business unrelated to real estate. This will require investors and is high risk.

What options do I have to protect my 5 properties and isolate them from any risk that my new venture would bring?

I thought about moving them to an LLC, but one lender said they could call back the loan and my other two said my interest rate would be higher and it would eat a lot of my cashflow.

Has anyone worked with an asset protection lawyer? Maybe insurance?

Thanks for any feedback

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