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Updated about 9 years ago on . Most recent reply

User Stats

55
Posts
31
Votes
Andres Perez
  • Rental Property Investor
  • Philadelphia, PA
31
Votes |
55
Posts

Sole Proprietor Question?

Andres Perez
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi, so I'll be buying my first rental property as a sole proprietor very soon and have a couple of questions.

1. What kind of insurance do I need to obtain to protect my personal assets, accounts, cars, etc?

2. Is it possible to use my DBA name and convert it to an LLC under the same name?

3. Have you faced any issues with transferring your property over to an LLC (Due on sale clause)?

Any information would be helpful. Thanks.

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