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Updated over 5 years ago on . Most recent reply

Kevin Hoff's profile image
Kevin Hoff's profile image
Kevin Hoff
  • Investor
  • from Oceanside, CA
  • Member since Oct 2, 2019
  • Posts 37
  • Votes 14
  • Experience 5 Yrs
  • Investments 1
Connect

User Stats

37
Posts
14
Votes
Kevin Hoff's profile image
Kevin Hoff's profile image
Kevin Hoff
  • Investor
  • from Oceanside, CA
  • Member since Oct 2, 2019
  • Posts 37
  • Votes 14
  • Experience 5 Yrs
  • Investments 1
Connect
Kevin Hoff
  • Investor
  • Oceanside, CA
14
Votes |
37
Posts
Starting Out

Asset protection for a beginner

Kevin Hoff
  • Investor
  • Oceanside, CA
Posted

Hi everyone,

I will be buying my first investment home in Kansas City and will have another on the way in a month or so. I have heard a lot of different opinions on how to protect your properties. I live in CA and don't want to pay $800 a year for an LLC (especially for only two homes). I am thinking of doing an umbrella policy to start? Any help/suggestions for a newbie?

Much appreciated! 

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Son D.'s profile image
Son D.'s profile image
Son D.
  • Rental Property Investor
  • from boston, ma
  • Member since Nov 21, 2017
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202
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222
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Son D.'s profile image
Son D.'s profile image
Son D.
  • Rental Property Investor
  • from boston, ma
  • Member since Nov 21, 2017
Connect
Son D.
  • Rental Property Investor
  • boston, ma
222
Votes |
202
Posts
Son D.
  • Rental Property Investor
  • boston, ma
Replied

From newbie to newbie: Get your properties first. Once you have a sizable asset then worry about setting up entities to protect it.

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