Comment by jmyeet
2 days ago
Owning your family home through an LLC, depending on your state, is often a bad idea.
There are generous protections in most states for your personal home that you lose if it's owned by an LLC. This includes things like a homestead exemption in bankruptcy protection.
In Florida, for example, there are better options to keep yourself anonymous. Florida has something called a land trust [1].
[1]: https://www.jimersonfirm.com/blog/2024/04/understanding-the-...
I feel like mortgage lenders should legitimately wonder why they’re lending to an LLC or a trust rather than an individual. I’m not sure there’s a good answer.