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Updated almost 7 years ago on . Most recent reply

User Stats

13
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2
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Mario Palacios
  • Chula Vista, CA
2
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13
Posts

LLC or Liability insurance?

Mario Palacios
  • Chula Vista, CA
Posted

Hello BP Community, I recently start investing in RE, I will own 9 SFH thru turnkey company's at the end of this year, I'm not sure if I'm ready to set up a LLC company for asset protection or just go with an umbrella liability insurance policy, I live in California and all the REI are in other states, any advice will be greatly appreciated.

-Mario Palacios.

Most Popular Reply

User Stats

512
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373
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AJ Singh
  • Rental Property Investor
  • Orange County, CA
373
Votes |
512
Posts
AJ Singh
  • Rental Property Investor
  • Orange County, CA
Replied

Your rental policy plus umbrella should be enough.
Our umbrella covers all our rentals in Tennessee and southern ca

Once your ten mortgages are filled up, you may need a llc to qualify for portfolio loans.

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