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Updated over 6 years ago on . Most recent reply

Jason Lieberman's profile image
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Jason Lieberman
  • from Boca Raton, FL
  • Member since Jun 5, 2018
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Jason Lieberman's profile image
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Jason Lieberman
  • from Boca Raton, FL
  • Member since Jun 5, 2018
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Jason Lieberman
  • Boca Raton, FL
5
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Insurance

Purchase inside an LLC or in personal name?

Jason Lieberman
  • Boca Raton, FL
Posted

I am in the process of buying my 3rd rental property and several people have recommended putting the property into an LLC for asset protection. If I buy it in an LLC, financing becomes expensive, if I buy it in my own name, I get a better rate but I am more exposed. I am confused about how to structure this deal and future deals. Any suggestions?

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Ali Boone's profile image
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Ali Boone
  • Real Estate Coach
  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone's profile image
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Ali Boone
  • Real Estate Coach
  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

I've avoided the LLC and stuck with the umbrella insurance policy. Here's why-

https://www.biggerpockets.com/renewsblog/2013/08/1...

There's tons of additional info in the comments as well.

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