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Results (8139)
Quinn Williams Which state do I start my LLC?
15 December 2019 | 10 replies

Hi BP family
I live an Illinois but plan to purchase rental property out of state. Do I start my LLC in Illinois or the state I plan to purchase property?

Ericka G. Property Keeps Getting Dropped by Insurance - Is it a Lemon?
18 August 2017 | 13 replies

One property in my portfolio is about to be dropped from insurance for the 2nd time in about 3 months - with no chance given for appeal or remedy.   First from Travelers/GEICO and now from US Standard Insurance Compan...

Shawn S. Is 1 Million Liability enough?
12 September 2013 | 20 replies

So my standard property insurance has 300k liability. For 55 more per year I can get up to 1m. Is this the way to go? At this point we have not done an LLC, and we are unable to get any sort of umbrella insuranc...

Dima R. LLCs & mortgages from a new investor
12 October 2021 | 8 replies

Hi all,First, a huge thank you to BP and the entire community. I just started my REI journey and have found the BP community immensely helpful. Thank you all for what you do. I have a few related questions regarding L...

Ravi Sivarathri New investor but need Advice
19 February 2024 | 7 replies

I am a new investor and watched regularly Bigger pockets podcast, youtube, etc.  I am very interested in buying real estate but I am afraid of getting sued over by renters.  I know I can start an LLC but if I am the s...

Jordan Napoli Dreaded LLC v. Personal Property Conundrum
29 July 2017 | 7 replies

Hello Everyone,I've been waiting on a post and monitoring some of these similar questions for quite some time but now have a conundrum on my hands in which I'm trying to figure out a relatively simple answer for. I'll...

Jeff Hursey Asset Protection and Privacy in Southern Illinois
10 November 2016 | 6 replies

I am curious how investors in Southern Illinois approach asset protection and privacy protection, specifically for a partnership. I've hear that most buy and hold investors use an LLC, however the cost of an LLC is mu...

Darlene Lyons LLC with out of state investments
28 April 2015 | 5 replies

Hi everyone, As I continue to read and try to educate myself a question has come up. I'm a resident of Connecticut, but if I want to invest in let's say Massachusetts, will my LLC protect me?

Phil Workman Tips to mitigate landlord liability exposure
20 November 2015 | 2 replies

In my everyday experience interacting with landlords, I have noticed a few things that are surprising to me. Often times the smaller scale landlord/investor does not take into consideration certain liability exposures...

Elijah Skinner Buying Property Out of state - California Resident.
21 April 2021 | 5 replies

Been listening to biggerpockets for awhile, and am finally ready to make the jump into real estate.

I currently live in California, where buying properties to cashflow is just not practical, and am looking to i...