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25 January 2014 | 2 replies
Also check umbrella and personally liability insurance.
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3 February 2014 | 25 replies
If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.
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14 May 2008 | 27 replies
Seems that if they packed enough employees under the corporate umbrella of the "temp agency" they could get better group discounts."
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20 September 2008 | 13 replies
Apartment building is a profession, inside a larger profession umbrella called "real estate investor".
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14 August 2008 | 9 replies
Generally a standard umbrella insurance policy can protect you from a large amount of liability ($500,000 to $1 million).
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25 February 2009 | 8 replies
If you hold rental real estate there may also be specific liability coverage you should consider.In addition to that, you need to seriously consider getting a personal umbrella liability policy.The thing about insurance is many think it is expensive until they need it and unfortunately, most state laws prohibit back dated coverage now.
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15 January 2009 | 3 replies
hi all i have read a lot about LLC and the reason behind thembut what i do not seem to see is any one who has actually needed one,,,, i could be wrong here and that is why i am asking .i have friends realitives etc who have owned rental property for 30 + years and do not have LLCS ,,, and here in Ca the cost is i think 900 a year,,,, with good insurance and a million + umbrella policy isnt that enough?
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29 January 2010 | 43 replies
I have an umbrella policy to cover me personally (accidents, collapsing porch etc) with my RE investments, would my personal policy be able to cover me in a suite rising from RE in an IRA?
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12 January 2016 | 11 replies
The thing I don't think anybody can really answer is what protection the LLC gives you over an umbrella policy which you probably should have anyway.Any attorneys out there that can answer this?
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5 October 2021 | 6 replies
You may want to consider getting an umbrella policy at some point.