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Updated over 1 year ago on . Most recent reply
Holding rental property in personal name
Is it ok/advisable to own a rental property in personal name? I have other rental properties but they are in LLCs. But the only asset listed in my personal name would be one single family house. Would that then be ok as long as my insurance and umbrella policy reflect that a tenant is living in that single family house? Thoughts? Thank you
Most Popular Reply
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
I have properties in my name and others in LLCs. I have the proper insurance in place and no longer even think about it.