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Updated almost 7 years ago on . Most recent reply

Mario Palacios's profile image
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Mario Palacios
  • from Chula Vista, California
  • Member since Aug 29, 2017
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Mario Palacios's profile image
Mario Palacios's profile image
Mario Palacios
  • from Chula Vista, California
  • Member since Aug 29, 2017
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Mario Palacios
  • Chula Vista, CA
2
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13
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Starting Out

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.

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AJ Singh's profile image
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AJ Singh
  • Rental Property Investor
  • from Orange County, CA
  • Member since Aug 22, 2016
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AJ Singh's profile image
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AJ Singh
  • Rental Property Investor
  • from Orange County, CA
  • Member since Aug 22, 2016
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AJ Singh
  • Rental Property Investor
  • Orange County, CA
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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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