All Forum Posts by: Corrie Winter

@John Underwood Yes, I have read that in the books too.  But I am still concerned that even if my rental property has little equity to get, my other assets may be at risk.

@John Underwood there are many rental real estate investors that recommend each and every rental investment property be in its own LLC to shield one's personal assets and to shield one RE investment asset from the next. In my experience, Airbnb's coverage is worth nothing. Insurance policy and umbrella policy will only cover you up to a certain level of $. That is my understanding in all of the reading and research I've done.

Thanks very much @Luke Carl, I do have some things worth protecting so I'm finding myself in the 'yes' camp on the LLC. That being the case, how do you recommend I approach financing? What types of lenders should I approach for best mortgage terms? Would I be creating the LLC first vs transferring title?

I see that many people in the BP forums state that you don't need an LLC for an STR, just the right kind of insurance. If I want to be 200% sure to protect my own personal assets and other future rental properties from some guest suing me, wouldn't I want a separate LLC for each STR? Wouldn't this be the best way to protect myself from the absolute worst case scenario?

Hi All! My husband and I are looking at investing in a first STR property in the US, looking in AZ, TX and FL at the moment. We are definitely wishing to ultimately hold this property (and future properties) in separate LLCs to protect other assets from liability. We have some experience managing STRs because we had an STR in Ecuador that had previously been our primary residence, but this was sold this year. In other words, STR management is familiar to us, but financing options in the US are not.

Do any of you that have STRs hold them in LLCs? Is it possible to get a 10% down loan for a 'vacation property' and then transfer title to an LLC?

Thanks in advance!