Should You Put Your Primary Residence in a LLC?

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[romegq]

Thanks for the video. So essentially its better to put your primary into an llc as long as there are no other properties in that same llc?

[Evita]

I recently found your channel. Thank you for providing detailed information. I have a quick question can you use a P.O. Box on an LLC for your address?

[tamelap]

I’m actually based in Georgia I was preparing to purchase a home and put it in an LLC to protect my identity for safety as a public figure not necessarily for liability — but found out my lender does not put loans through an LLC. I thought perhaps I can get a personal loan do a quick title to put it in the LLC--butI was told that a quick title search would still show my original name so I wanted to purchase it with a mortgage through an LLC but I was pre-qualified as an individual and including the income from my S-corp— I truly hear you when you say that the LLC protection is not necessarily going to be complete if you put personal property in an LLC —but is there any other way to simply shield your name so that all the people don’t know where you live?

[LifeOfCod]

I live in iowa. My personal residence has farmland and buildings that I rent out. Does it make sense to put it in a LLC to have liability from my tenants renting my land and buildings? Or does it make sense to keep it personal property? Tax write offs with LLC? All feedback wanted! Thanks.

[chrissy]

Hi, I watched some of your other videos and I have a question about the business/ principal address. Can multiple LLC’s be registered at any single physical address? For example, a family member has a physical building. Can us family members use their physical building address as our principal address for registration of our LLC’s for an online business? Thanks! 🙂 (Florida is the state by the way if that makes a difference).

[djangogeek]

Great video. Question though: In the case where you form an LLC that only owns the residence, wouldn't you still benefit from the fact that you can secure mortgage products against that residence without it affecting your personal credit report?

[genosmith]

So just put each property into its own separate LLC. easy fix