All Forum Posts by: Celine Besson

Hi everyone,

We recently moved from Memphis, TN, to Montreal, Quebec.
Before leaving, we planned to invest in a small house, renovate it, and rent it out (Ultimate goal would be to BRRRR). We'd like to continue with this project remotely, but the idea of managing contractors and overseeing a renovation from afar feels a bit daunting.

Have any of you undertaken a similar project? Do you have any recommendations or advice to share?

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation. What do you think?

Thank you in advance for your insights!
Have a great day!

I plan on starting my real estate portfolio very soon and I'm interested in the B.R.R.R.R method. I'm going to be using Cash to purchase the property outright. My question is should I set up an LLC now or is an Umbrella insurance policy fine to start with? I'm mainly confused about how it would work with Refinancing if it's in an LLC's name. The state I'm looking to invest in is Tennessee and I may move out of the country at the end of the year.