Ursula B.
My Vote for Umbrella Insurance
Here's a plea to anyone who's on the fence to please, please, PLEASE take the time to buy an umbrella insurance policy. I was holding an open house for my newest rental and one of the visitors slipped on the stairs. ...
Alex Silang
No LLC + Insurance (liability + umbrella)
I decided against an LLC for now, due to several posts on this forum and this article. Mainly because from my understanding you have to be a bit sketchy about it (banks hate it):http://www.biggerpockets.com/renewsblog...
Adam Craig
Is LLC necessary with umbrella?
Just took out a $1mil umbrella policy to cover my 3 single family homes. It only cost $323/year and seems like less work and tax prep then opening multiple LLC's.
What are the disadvantages and risks of going...
Account Closed
umbrella policy on investment property
Looking for advice / insight on getting an umbrella policy for an investment property. Does anyone know if there is a problem with getting an umbrella policy for an investment property if one does NOT have a primary r...
John D.
Umbrella insurance for House hacking
I am planning to get a room-mate (house hacking) to practice being an actual landlord. If I already have Umbrella insurance; what would I need to change wrt my Umbrella insurance to get a room-mate or a tenant in the ...
Jill E.
Land Trust with Umbrella LLC
If you set up your investment properties with a land trust and an umbrella LLC, do you take the active deductions against the LLC? Looking for some tax strategies since my portfolio is growing and taxes are all passi...
Sunjeeve Weerasinghe
Umbrella Insurance for Liability Protection
New to investing - currently working on 1 rental property. Do you recommend Umbrella Insurance as an effective form of Liability Protection? If so is there a calculation as to how much I should carry? Thank you fo...
Ed Moran
Land Trust ... LLC..Umbrella Policy
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...
Christopher Lawrence
College Rental Property Umbrella Insurance
Hello All,I have been having a bit of trouble finding an insurance carrier to write umbrella insurance on my portfolio of College Rental properties. When inquiring about umbrella insurance the conversation usually goe...
David Clark
LLC or Umbrella policy? financing?
I have been researching how to finance my business for awhile and frankly I've come to a conclusion already, but I'd like some insight nonetheless. I plan to leave the area (VA) within the next year and a half (on mi...