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Updated over 8 years ago on . Most recent reply

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Ted N.
  • Investor
  • Plano, TX
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How to protect my SFH rental investments from lawsuits

Ted N.
  • Investor
  • Plano, TX
Posted
Hello, folks. I am married. We have 4 SFH rentals in TX and OR with a market value about 1.3 millions at this time. All the properties have mortgages. The mortgages are only in my name. I want to protect our investments from lawsuits and limit our liabilities. I manage them by myself (no outside property management firms). Besides the landlords insurance policies, what else should I do? I appreciate your input. Ted

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,995
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4,613
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Ted N. and @Andy Krzanowsky,

If you can fund your LLCs such that they can "buy" the properties from you, that solves the DoS worries. DoS can happen, but it is not the norm. Most banks don't see the ROI as worth the trouble / expense.

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