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Updated about 3 years ago on . Most recent reply

Tim Bee's profile image
Tim Bee's profile image
Tim Bee
  • Investor
  • from California
  • Member since Jan 12, 2023

User Stats

183
Posts
100
Votes
Tim Bee's profile image
Tim Bee's profile image
Tim Bee
  • Investor
  • from California
  • Member since Jan 12, 2023
Tim Bee
  • Investor
  • California
100
Votes |
183
Posts
General Real Estate Investing

LLC or liability insurance

Tim Bee
  • Investor
  • California
Posted

I have heard of a case where the lawyer was able to somehow poke holes in the LLC that enabled access to someone's personal assets. I have also heard of a case where the tenant sued the LLC that contained several other houses in it. It would be very expensive to get a LLC for each house. Another option: 5M of umbrella insurance ($1080) for the rental properties and also get a few million for personal liability ($1200). LLC or liability insurance, which is better when dealing with 15-20 SFRs?

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