I have been doing a house hack the last few months of my 5 bedroom SFH (have filled 4 of the rooms and I live in 1 of them) and am now renting an external garage here for someone with an antique car. Do you recommend ...
Installment #9 Insurance Issues For The Real Estate InvestorUmbrella Policies- Avoid the pitfall of assuming they are a panacea. I've seen topics posted with a title of "Umbrella Policy or LLC" on various forums.It sh...
Hello, I've got 3 rentals, 1 personal home - and of course, 2 cars. These assets are spread out between 3 states. I have $500k personal liability on the rentals and $1mm on personal house.
I'm looking at an umbr...
Hello Bigger Pocket community,I am an investor in the Detroit, MI area. I have 13 properties, 11 in Detroit, 1 in GA and 1 in AZ, The 11 in Detroit are free and clear and the other two have mortgages. Right now they ...
I recently bought a STR, and am using Erie. The policy is a ErieSecure Business policy. Does anyone have any history with this? Thanks in advance.
Hello BPers
I have a question regarding property insurance and tax deductibility.
I have property deduction and have gotten an umbrella to cover any liability (property is in my name and will only get transferred a...
Hello BP,I'm wondering if any experienced operators out there can shed some light on best practices. My partner and I bought a home in our personal names and operate our guest house as a STR. We created an LLC to oper...
My wife and I are in the middle of purchasing a 4 plex. Should we put it under an LLC, or just our names? What are some of the pros and cons?
Thanks!
I’m preparing to buy our first rental property. Working on financing with the bank. I told them I want to close in a land trust for asset protection. They said no to that. Any suggestions?
I have two rentals which were originally home owner occupied homes. They both have mortgages in my name and was considering transferring the title in a LLC for liability purposes . What does everyone recommend ? Shoul...