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All Forum Posts by: John Conway

John Conway has started 1 posts and replied 3 times.

Tax, SDIRAs & Cost Segregation

Post: Existing fully owned home to LLC

John ConwayPosted
  • Canfield, OH
  • Posts 3
  • Votes 0

Thanks for all the input.  Getting an appointment with a lawyer.

0 Votes
Tax, SDIRAs & Cost Segregation

Post: Existing fully owned home to LLC

John ConwayPosted
  • Canfield, OH
  • Posts 3
  • Votes 0

Hi Theresa,

No, I'm a real newby as far as asset protection. The thing that always comes up first when doing any research, is LLC. I'm certainly open to any valid asset protection vehicle. Thanks for that idea. I will look into it.

0 Votes
Tax, SDIRAs & Cost Segregation

Post: Existing fully owned home to LLC

John ConwayPosted
  • Canfield, OH
  • Posts 3
  • Votes 0

How do I move my original home, fully paid, to an LLC for asset protection?

I understand how to get a rental into an LLC - get permission from lender (Due on Sale clause), confirm continuation of insurance clause isn't violate, sign Warranty or QuitClaim Deed and record it).

And is this a good idea for asset protection? I just bought my first SFR investment and want to protect my own home.



0 Votes