Updated over 5 years ago on . Most recent reply
LLC vs Umbrella Insurance
I'm currently living in Southern California and over the last year I purchased my first two properties, one of which I live in and the other I rent out with ~$200 profit every month. My question is whether or not it is a smart idea to try to transfer both mortgages into an LLC or try to wrap everything into an Umbrella insurance policy? I feel like it's also important to note that I'm active duty military and one of the houses is a recently refinanced VA loan, while the other loan is a conventional loan that I went in on with a partner.