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3 June 2020 | 2 replies
You will package your Property, GL, and Umbrella coverage with a another insurer, and they would never be notified of your turning in a claim to the policy that I am recommending.
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3 June 2020 | 2 replies
Unless you have significant other assets to protect, a robust umbrella insurance policy may be easier and cheaper.
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3 June 2020 | 1 reply
There is some protection with an LLC but I would consider getting to know a local lawyer that can give you some guidance on whether it’s worth putting it in an LLC vs having an umbrella insurance policy.
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12 June 2020 | 27 replies
An umbrella policy, if you own your primary residence is really cheap, over the top of a $300k landlord policy.
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5 June 2020 | 12 replies
If you want to drop down that rabbit whole than you could create a series of LLC to not only hold the properties, but also stack those within operating and umbrella LLCs and so on.
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4 June 2020 | 7 replies
This 2x LLC structure with some umbrella insurance is quite common and gives most people all the legal protection you would need as a real estate investor.
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5 June 2020 | 3 replies
My point is that if you only have $250k of personal assets to protect, it's probably a lot easier and cheaper to get a $5MM umbrella policy.
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12 June 2020 | 11 replies
After talking to IRA finance group, the advise was potentially starting LLC a in those other locations and partnering with my SDIRA and then when I move creating a C Corp to umbrella them.I think I may be over Complicating the process, but I don’t want to get hit with taxes and want to protect myself and use some of my retirement investments to get going and play with my cash simultaneously Incase I can li find employment and this thing turns truly full time (tracking notes, liens, getting my broker license, etc).
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12 June 2020 | 7 replies
Just get umbrella insurance instead.