I bought a 4 unit property on my name by taking a personal loan, wrote leases on my name and also procured insurance for the property on my name too.
If I now have to transfer to an LLC, what is the process involved?
Hi All,Thanks for all the tips thus far... so I have 4 properties at the moment, all under my personal name; I read the LLC Vs Umbrella Insurance threads and decided to get $1mm Umbrella under my name, with each unit ...
Hi everyone,We are looking at buying a fourplex under an LLC here in TX. I'm trying to find an insurance company that can at least provide a commercial landlord insurance policy for the fourplex, and as a bonus I woul...
I'am closing on my 3rd Multi Family property in a couple weeks. While at the lawyers office for the closing I was planning on opening an LLC for my properties to add some protection to my personal assets. It seems lik...
I've been considering putting our properties in LLC's using a land trust set up. My accountant mentioned that we could just increase our liability insurance policy instead of paying the fees every year for the LLC's ...
My wife and I are starting to get into Real Estate investment with our first rental property and now we are wondering when it's a good time to form an LLC in order to protect us. We both have some assets (current home...
I recently moved states. My old provider (who was having trouble keeping up anyway) would no longer cover me because of the move. Seems ridiculous but ok. I've got properties in 3 states. 3 umbrellas. Several auto. Th...
Hello fellow BP community,Is it fine if I obtain a rental property under my own name and then at a later date shelter that under an LLC or INC. structure?Or is it better to get it under the LLC or INC. from the very b...
Does anyone know of an umbrella policy that allows 3 unit property to be covered which is held in llc? Is this possible or need to keep in my personal name. Feel free to PM. Looking for referrals. Thank you
I own a duplex and a 4 plex, each of them have their own insurance policies. The 4 Plex is in a LLC, and I'm thinking of putting the duplex in the same LLC. Both individual properties liability policies max out at 500...