new member here. I have several multifamiles, all under my name, and all are with mortgages. I want set each of the buildings in a separate LLC and then have a 'management llc" (me) be their manager and so on.
I am concerned about the whole DOS clause although, as been said before, many people transfer it into an LLC, while taking the risk, but almost no one gets a call from the bank to pay up.
I also read about the whole land trust thing but I feel as if some say it will work while others say it won’t… Unlike the LLC only transfer which everyone agrees as to its effectiveness and risk.
So where do we stand on this today? Any new ideas?