Dave S.
Cash Out On CA for TX or Am I Crazy?
1 July 2020 | 13 replies
Probably putting down around 150k-200k down payment on something in the 300k-400k range.Preliminary numbers show a positive cash flow of 1000-1200 per month on the rentals, this includes property management, big TX property taxes, insurance including healthy umbrella.
Troy Longtine
Potential renter has a pit bull. Am I liable?
4 November 2018 | 33 replies
Get an umbrella policy.
John G.
Help. Mortgage says LLC is a no-no!
7 February 2019 | 68 replies
Have home insurance (of course) and get an umbrella policy as well.
Deangelo Mack
When should create an LLC?
29 October 2017 | 6 replies
Most people set one up for asset protection, but you can get an umbrella policy that can help with that.
Jerome Hanson
Lender that refinances LLC owned property - know any?
16 March 2017 | 7 replies
Right now i'm carrying properties in personal name with a million dollar umbrella policy.The issue with buying in an LLC, at least the way I'm doing it with the BRRRR strategy, is the refinance becomes a major issue because you can't get a traditional loan from a lender with the best rates in the name of the LLC.
Sarah T.
Confused about licensing and flipping (TX)
31 August 2015 | 13 replies
*****Also, this goes against what I read from you and pretty much all the info on the BP blog posts I scoured, but our accountant insisted I form a C Corp for flipping and a separate sub LLC under its umbrella for my RE commissions.
Ben Gammon
Account Closed
Getting into Commercial RE
7 September 2022 | 19 replies
@Chris Doloriert there is a wide variety of different asset types under the commercial umbrella.
Andrew Emery
Student Loans and Real Estate
18 July 2012 | 26 replies
Speaking of Insurance … Get some sort of umbrella liability insurance as well.
Kimar Abdul-Samad
UNABLE TO LLC
2 September 2015 | 11 replies
That aside, I would look into getting an umbrella policy.