All Forum Posts by: Michael Hickey

@Kyle Collette  Do you guys mind sharing the contact info for your attorney?  Unfortunately, I'm adding myself to the list of swindled.

An umbrella policy is an insurance policy for everything you own but especially helpful for RE.  It's basically a backstop against anyone that sues you for anything that happens in the rental property, (or car accident, or slips on your icy driveway).  The umbrella will/should cover any additional amount that your basic policy wont.

LLC/Umbrella are different tools. My accountant recommends putting all rental prop into an LLC for the reasons above. It somewhat limits your liability in the LLC, not entirely, but somewhat. Also, my lender now won't refi one of my rentals without a score above xxx because I own too many properties. Not saying the LLC would avoid this, but it seems it may help in my case.

Dang, out of town that weekend.  Please keep me posted for your next meetup.
Thanks,
Mike

@Josh R.  Will be there.

Mike

hi there. Please send more info to [email protected]. 

Same here. Interested in your numbers and plan. Please send more info to [email protected]

Please send details to [email protected]

Hello Jorge,

Please send pix and financials to [email protected]

Thanks,
Mike

Hi Lewis. 

Please PM me at [email protected]

Thanks

Mike