Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Personal Asset Protection
I understand creating an entity (LLC, etc.) for a flipping business to protect your personal assets from potential issues that arise on a property flip.
But my understanding is that if someone gets a judgment against me personally that all of my assets including LLCs are subject to that claim.
I already have a $5 million personal umbrella policy. Are there any other steps someone can suggest to add additional asset protection? Thank you!!