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Re: LLC - Landlord Forum thread 350904

Re: LLC by Anonymous on February 27, 2017 @10:27

                              
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 [ Reply ]
Thank you. Any other suggestions on how to protect myself from liability?
    Re: LLC by Anonymous on March 2, 2017 @05:58 [ Reply ]
    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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