![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/442017/small_1694608092-avatar-brianm101.jpg?twic=v1/output=image&v=2)
On the topic of using Insurance, LLCs, SCorps,Trusts, etc for asset protection. Have you been sued, why, how much did the litigation cost you and what was the outcome and how did you have your investments protected? I...
Just wondering do I need to file a LLC in the state that I am purchasing a property ? or would my home state be suffice?property will be in the name of the LLC
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1055527/small_1691372024-avatar-mattheww218.jpg?twic=v1/output=image&v=2)
I'm looking at a two story house that is currently a 2/2 1300 sq ft living area, but all that 1300 area is on the top floor. The ground floor is also about 1300, divided between a 450 sqft garage and a 850 sqft storag...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2037732/small_1690746017-avatar-dustins174.jpg?twic=v1/output=image&v=2)
the Scenario:We have an LLC, 2 long term rentals, 1 short term rental, 1 future short term rental about to undergone renovation. I have a general contractors and interior design license. I’m required to have liability...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/50361/small_1621410711-avatar-asmlpkg.jpg?twic=v1/output=image&v=2)
A family member and I have an agreement that he will manage a property that I recently purchased and when we are ready to sell, he will receive a percentage of the proceeds. He would like for us to establish a partne...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/133300/small_1621418506-avatar-carpaccio.jpg?twic=v1/output=image&v=2)
Will quit claiming our personal home's deed to my wife protect us from a lawsuit pertaining to my business or my rental properties? She is far less exposed on a liability level.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/342976/small_1647142305-avatar-jmoorhead23.jpg?twic=v1/output=image&v=2)
There was a large lawsuit over real estate commissions settled nationally last week and I'm curious what everyone's thoughts are on what if anything it will change in the real estate industry?From my perspective a 6% ...
Hi all, I have to raise enough money to fund a lawsuit. The lawsuit isn't a slam dunk, but if it works out, it would reverse a big loss caused by a forgery done by a real estate agent (who is no longer in real estate,...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1282284/small_1621510958-avatar-scottmac100.jpg?twic=v1/output=image&v=2)
So many in here seem to like Umbrella Insurance compared to an LLC.
I'm an LLC guy, but I have some questions about your experiences with Umbrella Insurance.
Both owners and Insurance Sales Experts are invited to co...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/897297/small_1694734351-avatar-stevet94.jpg?twic=v1/output=image&v=2)
Do any of you offer a golf cart in your STR? If so... do you make the guest take rental insurance or something? What happens if the guest crashes the golf cart? I'm in contract to buy a place on a golf course so cu...