![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/609596/small_1694644120-avatar-michaelm457.jpg?twic=v1/output=image&v=2)
Was speaking to an investor who lives and invests in NJ about setting up an LLC for a rental property, and he suggested that I skip that route and go with an umbrella policy for all of my properties. Any thoughts on ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/809673/small_1695087632-avatar-yasminm2.jpg?twic=v1/output=image&v=2)
Just finish listening to Episode 196 with Brandon Hall who is a licensed CPA. He mentioned that forming an LLC is important. What are the benefits of forming an LLC for rental properties?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1647092/small_1695705586-avatar-toddr37.jpg?twic=v1/output=image&v=2)
I hear mixed comments on purchasing rental property with an LLC? Any information appreciated!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2468090/small_1694665018-avatar-stanleyc43.jpg?twic=v1/output=image&v=2)
If for example I had 5 properties, each one sitting inside its own land trust. I have the beneficiary for all 5 of these properties as one Michigan LLC.My question here is if for example I was facing suit for one prop...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/137038/small_1621418781-avatar-carroll42.jpg?twic=v1/output=image&v=2)
Hi, I have a few questions about the use of land-trusts and LLCs to protect assets. So, I understand the land trust protects the privacy of all owners and the beneficiary of the trust can be an LLC in order to pro...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/357292/small_1621446387-avatar-jeremiahh.jpg?twic=v1/output=image&v=2)
I feel like I have a good understanding of Land Trust but don't see the value. Do you use a Land Trust and what's the advantage in your situation?
Thank you
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3084974/small_1721930042-avatar-marcusw213.jpg?twic=v1/output=image&v=2)
Hello everyone.Newbie investor getting ready to sell first property. It appears I'll need a 1031 exchange to offset substantial capital gains. The Qualified Intermediaries I am vetting have provided their exchange agr...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1775668/small_1651945373-avatar-joes731.jpg?twic=v1/output=image&v=2)
So I am looking to get some feedback on the pros and cons of having one LLC for two states. The LLC would be set up in the state of Texas where I reside and buy most of my properties. I am looking to buy some more pr...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3075212/small_1720905588-avatar-annec83.jpg?twic=v1/output=image&v=2)
I am currently house hacking and renting my basement through my LLC. My personal net worth is north of $1M. Do I need additional projections and insurance to protect my assests or will I be covered by my LLC. If so...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/751469/small_1665615323-avatar-bmeckem.jpg?twic=v1/output=image&v=2)
I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...