Any advice on asset protection with using a CMG All in One Loan

[Kristin Solbach]

Has anyone used an All in one loan for a property? We are in the process of buying a second home in San Antonio/TX and are really interested financing it with an in the All in One Loan but the loan officer tells us we can not deed it into an LLC and could only purchase it in an "Inter Vivos Revocable Trust”. A quick search suggests that the trust wont give us as much protection as the LLC and we are looking for any suggestions on how to protect ourselves better. 

Thanks so much for any tips in advance,

Kristin

[JD Martin]

What are you concerned with protecting? You're going to have your signature as a guarantor on the note, so even with an LLC if you default you can be sued for recovery of any shortfall.

When you are just starting out, all you need is good insurance and stable and steady enough income to not worry about defaulting. All these years later I still don't bother with an LLC.