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Tax, SDIRAs & Cost Segregation

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Saravanan Varadan
  • san jose, CA
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LLC Vs Umbrella policy

Saravanan Varadan
  • san jose, CA
Posted Aug 2 2020, 15:47

I have umbrella policy and property management company to manage my 2 single family homes in Texas. I thought Umbrella policy is sufficient until I read Robert Kiyosaki The Real Book of real estate where he is saying LLC is a must have for rental properties. Just wanted to get experience from investors if LLC is a must have. Not sure if annual tax filing and setup costs are worth it.

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