Legal Question in Real Estate Law in Florida
How to protect personal assets from rentals bought in personal name. No business credit to refinance in business name
Asked on 8/27/15, 8:18 am
1 Answer from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
Sorry but this is impossible to answer. How to protect personal asset from rentals bought in personal name? What do this mean? What is it you want to know. You purchased the rentals in your personal name because the business had no credit? You own them personally and anything that happens there is subject to you being responsible for it. sounds like you need insurance coverage to protect you for negligence claims and property damage for non owner occupied property.
Answered on 8/27/15, 11:18 am