Updated over 5 years ago on . Most recent reply
Series LLC for rental properties
I established a series LLC for my 4 rental properties with the plan to add additional properties to the series. Now I read somewhere that if my mortgage is still in my name, and not transferred to the LLC name, then its of no use and I will not be protected from litigation. I have paid big bucks to create the LLC and transfer each property into the LLC including paying transfer taxes or stamps a second time when I did the transfer. Was it a mistake to create the LLC?