04-11-2025, 09:49 PM
It helps with liability for sure but good liability insurance is just as effective. Both are better than one. As others have said, make sure you have an umbrella policy. If your're smart and put the mortgage in the LLC then you can just sell the LLC when you want to sell the property and no refinance would have to happen. But most people don’t want to do that because the rates are higher and you need to find the right lender willing to work with you.