BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago,
Asset protection during BRRRR
I have a question regarding asset protection during a BRRRR. We plan on paying for a property in cash. After renovations and 6 month period to refinance. During this time the property is not in the LLC. If you are renting it out once rehab is done but before refinance then isn't this a huge liability as the property is not in LLC yet? What is your strategy for this? One thought we had was to increase our personal umbrella policy during this time. Thank you for your time in advance!