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Updated almost 9 years ago on . Most recent reply

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Jean-jacques M.
  • Investor
  • Paris, Île-de-France
0
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3
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getring insurance for properties held in foreign state

Jean-jacques M.
  • Investor
  • Paris, Île-de-France
Posted

Hi and thank you in advance for your help.

I have an LLC in state A. It is fully registered, has EIN, bank account, everything.

I am planning to purchase a buy-to-let property in state B. I am told that I can't buy this property through the LLC registered in state A because I will not get an insurance. Insurance companies will demand that LLC and property be located in the same state. That absurd LLC in state A can be registered in state B a foreign entity. That's I was planning to do.

> Does anyone know about insurance companies practice ?

thanks Jack

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