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All Forum Posts by: Account Closed

Account Closed has started 10 posts and replied 30 times.

Post: LLC vs. Personal Name

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

hi, I am about to buy my first investment property. I'll be getting a mortgage on my personal name, however i am considering to put the actual ownership of the property on an LLC, will that give me any protection in a case someone wants to sue me ?

Also, shouldn't insurance cover all possible claims ?

thank you all in advance for your input

Post: Investment property in Philly

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

it is on orthodox street, between pear and plum streets. are you familiar with this neighborhood? if i were to resell this property, how long does it usually takes to sell a property in this area, i heard they are building a hospital there, should it bring the prices up in that area ?

Post: Property Manager Disaster!!!

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

what does this "E&O insurance" include ?

hi there! i was wondering is there any benefit in recording an investment property on an llc's name. for example, if the tenant wants to sue me he/she will only be able to go after the llc's assets and not mine?

also, if i eventually resell the property the new buyer will only be able to go after the llc and not after me ?

Post: Property Manager Disaster!!!

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

thank you so much.

what a property manager's errors and omissions insurance policy should typically include ?

Post: Property Manager Disaster!!!

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

what's E & O insurance ?

Post: Property Manager Disaster!!!

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

what's PM ?

Post: how to check a potential tenant ?

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

do you know of any good websites for landlords (security check, evictions, leans,loans) ? what are the most useful tools to check if a potential tenant is a good tenant ?

Post: Investment property in Philly

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

thank you so much. do you know of any good websites for landlords (security check, evictions, leans,loans) ?

Post: Investment property in Philly

Account ClosedPosted
  • Brooklyn, NY
  • Posts 32
  • Votes 2

hello all,

i am a first time investment property buyer. someone offered me to purchase a one family home in Frankford PA area for $80k with a section 8 tenant that pays $1080. any ideas/thoughts/warnings/suggestions ?

thank you very much in advance