All Forum Posts by: Mahender Bist

Thank you so much for your insightful response @Chris Seveney, @Nathan Gesner, @Alecia Loveless, @Corby Goade, and @Stuart Udis. Nathan's response covering various angles gave me a good blueprint. Additional details on the Umbrella policy and how to manage contractor work and ensure being an additionally insured party to the GC policy were great.

I intend to create one CA LLC (without moving properties to another LLC after renovation for renting), get a good umbrella coverage policy, and ensure renovation and rental guidelines (GC insurance, Fair Housing Act, etc.). Thanks again, everyone!

I am an investor starting my real estate journey. I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them. Based on your experience or expertise, will an Alabama State LLC or a Wyoming LLC work better from a legal protection perspective? I live in California. What is the best structure? My research guided me to form an LLC to hold the properties during repair/rehab (I am buying properties that need major fixing) and move them to another LLC where I will be collecting rent.
I am looking for any guidance from experienced investors and professionals.