Real Estate News & Current Events
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 3 years ago,
How to protect my paid off rentals?
I currently have 10 units, 4 paid off.
I have enough umbrella to protect them. Since they are all under my personal name currently so lawyers will be able to find them easily if there is any lawsuit against me.
So what is the best way to minimize the exposure of my assets to the potential liabilities?
LLC?
Land Trust?
Or my current umbrella is enough cos 10 units are too small to consider all of those things?
Any suggestions pros?