Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

If they want their money back fast like a flip then let them flip it and you buy it as a primary residence with a conventional or fha mortgage.

., property management companies aren’t legally required to carry general liability insurance, but it’s highly recommended for protection against bodily injury or property damage claims.

If you live in the house, and an LLC owns it.....there is zero liability protection created by that LLC.

An LLC is useful for two things: anonymity and legal protection.

I purchased a 3 family in Newark NJ in March of this year, and am curious about looking into this form of insurance as a way to further protect myself. 

@Steven Hamilton II I want to mention that My husband and I both reside in California, and I manage the property remotely from California via Zoom calls, and also physically visits the property.

I am creating a LLC in MD and am looking for a Resident Agent.

A local agent recently got sued for calling an old client who was on the Do Not Call list. It seems ridiculous, but that's the world we live in now. With the increasing number of lawsuits and penalties for TCPA violat...

You'll also want to coordinate with your estate plan, and consider getting an estate plan if you do not yet have one in place.As to the trust, that's generally an estate planning tactic rather than asset protection.