The business financials are as follows- net worth: $20,500- assets: $49,500- liabilities: $29,000The line of credit we were specifically looking into is a line of credit against our stock assets.

What's great about using your 401k is that the payment wont count against your monthly liabilities so it wont affect your borrowing power for a larger mortgage.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

My oldest rental properties are turning 15 years now and we basically treat everything that is not updated as a future liability. 

If you get a well to supply water, you may take on liability if a tenant were to get sick from the water. 

You probably got a great rate also in 2022.You have an Asset the minute you move out ( it's a liability now) - Lenders like this and so will you on your balance sheet and tax return.

Is it the risk of environmental cleanup liability if there's soil or groundwater contamination?

", "limited liability co

You want to see both Building coverage and Liability coverage. 

Real estate licensees and brokerages carry errors & omissions insurance to cover liabilities created against them because of mistakes they make doing their job.