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Re: LLC
by Anonymous
on February 27, 2017 @10:27
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You might not be able to move that property to an LLC as it might be considered a sale by your lender who might call in your mortgage, if you have a due-on-sale clause. You can also lose any low-interest rate when you refinance, or you might not qualify for the mortgage anymore.
You should run this by your CPA for advice.
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Re: LLC
by Jason (PA)
on March 1, 2017 @00:40
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Thank you. Any other suggestions on how to protect myself from liability?
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Re: LLC
by Anonymous
on March 2, 2017 @05:58
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Umbrella policy would be my choice. Protects you from liability from many different scenarios. LLC seemed like a lot more paper work with only minimal protection. At least when I was looking into it.
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