Hey everyone,I've been holding a house hacked duplex and a 6 plex that I purchased with a commercial loan a couple of years ago, both in my personal name. I do the property mgmt and most of the maintenance myself. I...
Hello BP community! This is my first post here, and I'm super excited to say that I'm working on closing my first SFR in the next month down in Alabama! Because I currently live abroad in Saudi Arabia, I have no perso...
A friend who is an extremely successful RE investor tells us that umbrella policies aren't necessary, based on his experience. Advises if you want more liability coverage, just add it to the LL insurance policy. A mi...
Could someone please give advice on if I should buy my first U.S. property in my personal name or in an L.L.C.? I am Canadian and it's been recommended to me several times by accountants to just buy my first property ...
Hello BP Community,I am at New Jersey and kind of a beginner to RE investment world. So far I do have one SFR that's located at Michigan. I am exploring various asset protection options to protect my personal assets a...
Who are the best companies offer Standalone Umbrella Insurance in California?
I just purchased my fifth multifamily asset all between 3-4 units. My current insurance provider that i use for the first 4 buildings as well as my current home and my umbrella insurance is unable to cover more than 4...
My properties (single family rentals) are all owned by a TX LLC, none are located in TX. They are in WA and MO.
My local agent says I need a TX umbrella policy since the LLC is based there. She can't help me I need...
Hello, need suggestions on securing umbrella coverage for 3 multis total 7 units. Geico has a 4 unit limit policy, no LLC here. thanks
Joe will you speak more about how an umbrella policy works?
Thanks,
Will,