I am in the process of buying my first property. I will be setting up an LLC as well. How do most people manage the money for their properties? Should I setup a separate bank account and have the money flow in and ou...

Hello, all. I am still preparing to buy my first rental properties. For my properties, what types of protection are best to protect myself and my assets? Do I need to have the properties under an LLC and what are the ...

Property Purchase Price - $365k
Dwelling ( Coverage A) - $432k
Increased Dwelling (Coverage D) - $108k
Dwelling Extension - $43k
Personal Property ( Coverage B) - $324k
Personal Liability eash occurance ( Cover...

I have contacted three separate independent insurace agencies in town and all of them tell me that they can not give a GL policy to my business because I am an investor that buys and sell's houses. I'm planning to get...

Hello, I have a couple of rentals properties out of state and I currently rent an apartment in Los Angeles. Next year I'm going to get rid of my apartment, put all my stuff in storage, and live utilizing short term re...

I have a Corporation with rentals and a Liability Insurance for it.Then I have an i surance for my car and another for my home and an Umbrella ☂ policy that covers those. The purpose with this one is that if I got sue...

Hello BP - I'm about to secure my first REI (MFH) in FLA via conventional financing.  I have read about placing properties in an LLC but there is a risk of violating the Due on Sale Clause.  Speaking with my lender/br...

Hi,Some youngin crashed his car into my Multi over the weekend. He hit the foundation. Doesn't look like much damage, other than chunks of concrete broken off. But this unit was built in 1900ish, and I want to make su...

I'm trying to be extra cautious incase something happens at my rental in which I would need more coverage. My friend put his rental in a LLC and he states it will cover him if there is a lawsuit etc.  My realtor was r...

Is this real?  I was on the phone with one of the major auto insurers today.  The rep was telling me that he had a woman from Brooklyn who let her daughter drive her car.  Daughter caused an accident and the insurer c...