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Updated over 13 years ago on . Most recent reply

Peter Seely's profile image
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Peter Seely
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Peter Seely
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Peter Seely
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3
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90
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Starting Out

LLC or just Good insurance

Peter Seely
  • Select a State
Posted

Hi All,

I am a new investor who will purchase his first US property as a rental and I am wondering if I should open an LLC or would purchasing adequate insurance and an Umbrella policy do the trick to protect me.

If I choose the insurance route and later purhase another rental or two and THAN want to open an LLC, is it possible to put the properties purchased individually into the LLC after the fact?

Thanks

Peter

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Kevin Yeats's profile image
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Kevin Yeats
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  • from Fort Pierce, Florida
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Kevin Yeats's profile image
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Kevin Yeats
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  • from Fort Pierce, Florida
  • Member since Mar 17, 2009
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Kevin Yeats
  • Lender
  • Fort Pierce, FL
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Kevin Yeats
  • Lender
  • Fort Pierce, FL
Replied

Why not both from the start?

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