All Forum Posts by: Richard Redding

It sounds like buying it in the LLC's name is the way to go. But if that isn't possible for some reason, for right now, since you'll only have one investment property I'd suggest an umbrella liability policy. A million dollars in additional coverage would probably run you $250 annually... At least it does around here. That coverage would extend to anything else you have liability coverage on: primary residence, investment property, car, etc.

Hi Raquel,
I'm biased, but my wife specializes in investment property and leasing here in Austin. She's one of the manager's at JB Goodwin. Her name is pronounced Swan and she works with a bunch of out of town investors like yourself.