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15 March 2017 | 6 replies
As @Natalie Kolodij mentioned; you'll want separate LLCs to hold the properties in.It sounds like a pain but when (not if) you get sued by a tenant or random that came on your property; you'll be grateful you had a secondary LLC under the umbrella of your larger corp.Some investors go as far as titling each home to a TRUST which is managed by an LLC that's under the umbrella of a corp.
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8 February 2017 | 9 replies
If you do that, just be sure to purchase some umbrella insurance for extra protection.
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9 February 2017 | 3 replies
Also, if this is a buy a hold I would suggest looking into an Umbrella Policy.
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10 February 2017 | 6 replies
-I plan on getting an umbrella policy with the right amount of coverage for all my properties.
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20 February 2017 | 4 replies
At what point in an investor's portfolio would he/she need a series LLC and umbrella policy?
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4 March 2017 | 26 replies
I am planning of getting an Umbrella insurance for the time being.Reason for looking outside of Atl is because we'd like to retire in Hawaii and I would like my tenants to help pay it off.
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4 April 2017 | 22 replies
Besides all this, LLC is not the best way to go if you are just starting with a small or no portfolio to protect, especially in CA where it will cost you $800/yr CA state franchise tax, separate tax returns, and setup fees ... you can just get a $1M or $2M umbrella insurance policy under your name and the properties for some protection ... much less cumbersome and expensive.
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17 February 2017 | 3 replies
Ownership in severalty does not come under this ownership umbrella- community property does.
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7 December 2019 | 33 replies
There is dozens of similar examples and twists i can list but it all fits under the 1 same umbrella of a person has every leagal right to sell an equitable interest, and there are a lot of ways a person can facilitate such.
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22 February 2017 | 6 replies
If this company does not offer higher limits you should consider an Umbrella policy That policy will provide an additional layer of Liability above your homeowners Liability and your Auto Liability.