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Updated over 2 years ago,

Collin L.'s profile image
Collin L.'s profile image
Collin L.
  • Member since Jan 13, 2022
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Collin L.'s profile image
Collin L.'s profile image
Collin L.
  • Member since Jan 13, 2022
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Collin L.
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Buying & Selling Real Estate

Litigation when there is no lien on your property

Collin L.
Posted

I am buying a commercial building with two existing tenants with cash. My accountant advise me to finance it. His reasoning is attorneys like to go after the building if you own it outright in a litigation case. Building is 2.6M. What do you guys think? If I don’t finance it, are there special umbrella insurance that minimize the risk? Thanks in advance for your help.

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