I am looking for a real estate attorney that would be able to help transfer a couple properties that are currently in my personal name over to my LLC for asset protection. Any recommendations out there?
@Sam Domach , all you need to do is form an LLC and then go to a title company of your choice to have them transferred. No attorney needed.
But I do have another question for you: do you have them financed on a residential mortgage? While you may not get caught, you are breaking your agreement with the lender if you put their collateral into an LLC.
Also, most people overestimate the protection that comes from an LLC. Watch Brandon Turner's video about LLC on YouTube, before you decide. There are many better ways to do that: run a sound business and a safe properties, have propper leases, property liabilty insurance, finally umbrella insurance.
Thanks for the info! I have 2 properties and am closing on a third, the first two are a duplex and triplex currently under my personal name and the third I am closing on at the end of March is an 11-unit apartment building. With the commercial loan, I was able to close under my LLC, but through the duplex and triplex I was not.
I do keep my properties in good standing and have solid leases with all of my folks, however, when I was searching for an umbrella policy, since I currently rent my own home and don't own it, they wouldn't give me an umbrella. Maybe that was just he insurance carrier I am using, but wanted to try to get them in the LLC for even more protection.
Thanks for Brandon's YouTube on this, I will make sure to watch it!
I know 2 great Real Estate attorneys in the Lake Geneva area I’m sure could help you:
Nick Egert Egert Law SC 262-248-6600
Scott Christian Thorpe & Christian SC 262-740-1971
And one in the Milwaukee area
John Osinga Osinga Law Offices SC 262-717-9020
Best of luck!
Thanks @Annie Zambito !!