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Updated about 10 years ago on . Most recent reply

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Scott Trench
  • President of BiggerPockets
  • Denver, CO
5,934
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2,691
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House Hacking - Legal, Insurance, and Liability Protections

Scott Trench
  • President of BiggerPockets
  • Denver, CO
Posted

I'm hoping to get some advice applicable to house hackers for liabilities including insurance, legal protections, and limiting liability.

After listening to Podcast 109, I've become interested in Asset Protection and moving my assets out from under my own name.  That said, I think I'll have a lot of trouble separating myself from my own house - I live there!  My name is on everything - including the mortgage!

What are folks recommendations for reducing personal liability, purchasing liability insurance, and renting this place out without triggering a due on sale clause or similar?  What are the best strategies for house - hackers?

Thanks in advance!

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