James Collins
Rental business LLC?
Hi,New guy here hope I'm posting in the right forum.
My question is for my Mothers rental business.She owns 12 houses free and clear.And has a large mortgage against her home.
I have been telling her she needs to sp...
Cameron J.
Looking for insurance product options for multiple properties
We currently have an umbrella policy which covers our primary and 4 investment properties. We are going to be closing on two additional investment properties soon and the company that writes our umbrella insurance pol...
Crystal Perez
If I was to take out an FHA loan and have my tenants pay rent to an LLC which I created. What would happen if they sued me?
Very new to all of this and trying to figure out the best way to start investing and protecting myself from legal liabilities. I am not sure if this is even possible.
Jonathan Shnoravorian
How do you Protect yourself with Rental Properties?
Other than an LLC, what's the best way to protect yourself and your assets when you have a rental property? I am a resident of Los Angeles, CA - and am in the process of buying my first rental property here. I'd like ...
Account Closed
Umbrella Coverage with more than 4 rentals
My insurance company Geico just told me they cannot provide umbrella coverage for me because I now have more than 4 rentals (I am up to 6). Is this a common restriction or just Geico? Also can I get only umbrella cove...
Azeez K.
Thoughts on Multi-Family Insurance Coverage (Atlanta)
Dear BP Members
Current Situation: Own a multi-family (4 unit) property. Below I have listed my coverage and insurance premium.
Coverage A - Building(s) $454,000
Coverage B - Business Personal Pro...
Kumar R.
EIN for property LLC under Umbrella LLC
Hi,I wanted to check how this entity structure works. If there is manager-managed umbrella LLC and have property LLC with member as umbrella LLC. Can we get EIN for property LLC using name, address and EIN of umbrella...
Qadre Lewis
First rental property
Hey I found a single property home that I think would be a great first time deal. I’ll be using it as a rental property but I’m new to investing so I’m not sure where to start. I’m thinking getting a LLC and buying t...
Eric Nelson
How to shield my paid for personal residence
Hello, I have a question about shielding my personal residence. Quick background, I have a paid for house and my wife and I have saved enough cash on the side to get into the brrr game. Still very new and learning. I'...
David Ackerman
Insurance question
Hi all,
I own 4 properties all in an LLC. I have a $2,000,000 umbrella property for all these properties. One of the properties I bought for cash. I am trying to do a cash-out refinance for that property. All the...