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Updated about 7 years ago on . Most recent reply

Tarik N.'s profile image
Tarik N.'s profile image
Tarik N.
  • Rental Property Investor
  • from Arlington, VA
  • Member since Nov 11, 2015
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Tarik N.'s profile image
Tarik N.'s profile image
Tarik N.
  • Rental Property Investor
  • from Arlington, VA
  • Member since Nov 11, 2015
Connect
Tarik N.
  • Rental Property Investor
  • Arlington, VA
3
Votes |
40
Posts
Baltimore Real Estate Forum

Baltimore: Umbrella or LLC?

Tarik N.
  • Rental Property Investor
  • Arlington, VA
Posted

I have a four duplexes in Baltimore, and I am not sure which strategy is best for liability protection: 1) create an LLC, but transfer taxes are pretty prohibities, 2) have an umbrella policy ($1M? $2M?), or 3) a combination of both.

I would appreciate any insight, advice or thoughts.


Thank you,

Tarik Nabi

Baltimore, Maryland
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Drew M.'s profile image
Drew M.'s profile image
Drew M.
  • Professional
  • from Santa Barbara, California
  • Member since Dec 11, 2016
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Drew M.'s profile image
Drew M.'s profile image
Drew M.
  • Professional
  • from Santa Barbara, California
  • Member since Dec 11, 2016
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Drew M.
  • Professional
  • Santa Barbara, CA
27
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Drew M.
  • Professional
  • Santa Barbara, CA
Replied

@Ned Carey maybe a lawyer in California, where the franchise fees are a minimum of $800 per year.  Hah!

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