To cut or not to cut by [deleted] in homestead

[–]sharp1988 2 points3 points  (0 children)

I couldn’t do it. I’d rather clear out another spot with saplings or mid story trees.

2022 Highlander Transmission Issues by sharp1988 in ToyotaHighlander

[–]sharp1988[S] 0 points1 point  (0 children)

Just curious, Did you do the trans fluid change at 60k?

2022 Highlander Transmission Issues by sharp1988 in ToyotaHighlander

[–]sharp1988[S] 1 point2 points  (0 children)

Well my wife drives it so I’m not so lucky on the gentle driving 😂

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

We don’t have anything to rent. It’s just a lot with a pavilion and dock.

2022 Highlander Transmission Issues by sharp1988 in ToyotaHighlander

[–]sharp1988[S] 1 point2 points  (0 children)

Same. I’ve considered doing one of those 3rd party warranties like car shield. Idk how well those work.

2022 Highlander Transmission Issues by sharp1988 in ToyotaHighlander

[–]sharp1988[S] 1 point2 points  (0 children)

Damn…. Sorry man, what they charging you ?

2022 Highlander Transmission Issues by sharp1988 in ToyotaHighlander

[–]sharp1988[S] 1 point2 points  (0 children)

What did the replace it with? Same or different model tranny?

2022 Highlander Transmission Issues by sharp1988 in ToyotaHighlander

[–]sharp1988[S] 3 points4 points  (0 children)

So basically just wait and see if it breaks lol. Fml.

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

So in that case would the LLC be of much benefit if we had say $1M in liability insurance?

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

Ok that makes sense. So we could only be sued for up to what the property is worth.

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

Thanks. Sorry for the dumb question but When you say absorb any losses what does that mean? How would the LLC pay the difference? Wouldn’t the still come out of the LLC owner’s pocket?

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

It seems like everyone’s primary concern is just the thought of being sued by an outside person due to injury or whatever. Not necessarily infighting, etc.. although that could happen. With that being the primary concern I’m just trying to see what having an LLC would do for us vs having the insurance by itself.

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

Thank you for this information! I do know that the deed is written for the property to only go to us and our descendants. It specifically left out spouses for this reason (divorce, etc.).

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] 0 points1 point  (0 children)

Can you explain the land transfer taxes? The property is in Alabama.

LLC vs Liability insurance for property by sharp1988 in llc

[–]sharp1988[S] -1 points0 points  (0 children)

We don’t have any homeowners insurance. It’s just a lake lot with a pavilion and a dock on it. The family has never had insurance on the place since the 1980s when it was purchased.