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re: LLC question for rental property purchase
Posted on 1/27/14 at 8:43 am to SomethingLikeA
Posted on 1/27/14 at 8:43 am to SomethingLikeA
FWIW, in South Louisiana, homeowners insurance companies are sometimes funny about writing policies to LLCs. That was my experience at least (I have USAA). I have my rental property in my name, but added an additional $1mm personal liability umbrella policy.
Something to think about.
Something to think about.
1
Posted on 1/27/14 at 8:53 am to YouCantSeeMe
Thanks all, for the responses. I have heard about the umbrella policy as well, so I may go that route (I believe they are fairly inexpensive). Maybe if I expand beyond this rental and acquire more I may consider an LLC and moving them under it.
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