Updated over 10 years ago on . Most recent reply
Should I put my personal residence inside my llc?
Within the next few months I will be purchasing a 4plex to owner occupy. My business partner and I have 2 properties in our llc currently. The pros would be cheaper insurance and anonymity from my tenants. What would you guys recommend? My LLC has a 2 million dollar liability policy.
Most Popular Reply
@Ryan Dossey I believe you will lose your homestead exemption if you put in the LLC also if you're financing you may want to check on the rules for due on sale clause if you switch it after it's purchased. I thought about doing it for my personal residence but I ended up leaving it separate.