Hello BP community, Is Geico umbrella insurance of any use to investors? I have some rental properties and following the advice to purchase umbrella liability insurance. Our home insurances were done through Geico (as...
I have 3 rental properties that are not under an LLC. Would it be wise to get an umbrella insurance policy to cover myself? If so, what would an appropriate amount? My properties are worth roughly $550k.
I have two rental properties in Texas in my name and was researching about possibly doing an llc for future ones. The draw backs of an llc are looking pretty bad like:
- lawers can pierce through protection
- insura...
Hi, I just purchased two properties today. Due to loan requirements the properties are in my wife and my personal names. Was told by my insurance agent this is also cheaper insurance compared to if it were in an LLC...
My husband and I are under contract on our first rental income property and wonder if anyone has switched it over from their personal name to an LLC right away? Or waited.
Hi everyone, I recently purchased my first house in Baltimore, MD. It is a 3 bedroom 2 bath single family row home. I currently reside in one bedroom and rent out the other two bedrooms. I want to create a new checkin...
Looking for helpful information. I want to focus on helping people in the foreclosure or auction stage. Whether it's keeping their home or selling keeping as much equity as possible. I believe I can help and still g...
I have 6 rental properties & have been advised by an attorney group to open 6 separate LLC's . All the deeds will be transferred into the LLC's . This is causing absolute chaos for me now with my insurance compa...
I currently have 6 single family rentals and 2 flips at the moment. My goal is to start treating real estate as a separate business (I also have a day job). I have an LLC set up with a bank acct and all that. But the ...
I feel like Bigger pockets would be an ideal place to get some answers to this question:I want to use leverage to buy my first investment property (single family home).How do you guys go about the initial setup:Take m...