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All Forum Posts by: Michael Broadbear

Michael Broadbear has started 4 posts and replied 4 times.

Insurance

Post: Liability Insurance amount

Michael BroadbearPosted
  • Posts 4
  • Votes 1

Do you think $500K liability insurance for a single family home rental is enough, or should it be covered for $1M?

1 Vote
Goals, Business Plans & Entities

Post: LLC Asset Protection Question

Michael BroadbearPosted
  • Posts 4
  • Votes 1

Does it make sense for an LLC that is renting property in a state to also hold the property? Would the property be any more protected if there were an in-state rental or property management LLC while the property is held by an out of state LLC? Would there be implications for liability and dwelling insurance? It seems like this would provide a layer of protection against tenant law suits.

0 Votes
Ask About A Real Estate Company

Post: Requesting information about Anderson Advisors

Michael BroadbearPosted
  • Posts 4
  • Votes 1

We are considering buying a tax package with Anderson Advisors. Does anyone have any suggestions about this? What is the difference between working with Anderson Advisors and working with a Real Estate Tax CPA? Basically, we feel we need a RE Tax CPA and don't know where to find one, so we are considering signing up for the package with Anderson Advisors to get this information.

0 Votes
General Real Estate Investing

Post: Income from a nnn (triple-net) property as active income

Michael BroadbearPosted
  • Posts 4
  • Votes 1

Is it possible for income earned from a nnn property to be classified as active income?

0 Votes