Buying Real Estate with an LLC: Must Watch

Learn the rich's tax secrets with my new book! Click the link below
Taking the Next Step:

My Tax Strategy Programs:

Check out these links Below!

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc

#taxes #taxfreeliving #taxexpert #taxreduction

Recommended Video For You

Are you a business owner or real estate professional?
Schedule a one on one call with me📞

Schedule a FREE consultation with my team📞

Do I need an LLC for every investment property?

Though this does not make sense for every business owner, it's important to understand the risks of only maintaining one LLC with multiple investments.

When would you need more than one LLC?

The more investments that you have inside one LLC means more risk of losing those assets if your Limited Liability Company is in a lawsuit.

For my rental real estate owner friends, that is BAD NEWS!

So let’s make sure we are protected.👊🏾

If you recently established an LLC for real estate investing purposes, you may be finding it difficult to get approved for a mortgage loan under that entity.

Having a positive Paydex score is important, especially for rental real estate investors, because this allows you to leverage OPM.

#forbes #business #entrepreneur #taxsaving #goals #motivated #tax

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

[Raymondjohn]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[anthonydooley]

Other than the anonymity of the owner's name, there are few advantages of having an LLC. It doesn't actually protect you from lawsuits because you personally own the LLC. An umbrella policy actually provides liability protection. When a person files suit, they can name the LLC, the owner of the LLC, the property manager, and anyone else they think they can get money from. The main thing to keep in mind is filing a suit doesn't mean that they will actually win the case. The insurance companies that hold the liability policy have more money than me or my LLC. Loans are still guaranteed by you personally, so there really isn't business debt. I have an LLC, but it isn't magic. A trust is a separate legal entity and actually provides the protection that most people assume the LLC provides.

[GordonGreenCincinnati]

*Quit Claim Deed. You as the owner are quitting your claim to the property deed thereby transferring the ownership interest to a new party.

[Nez]

I like the way you speak and express yourself, very professional and positive

[JeyAG]

Soooo thankful i stumbled to this page: Karlton Dennis is the next Youtube Star for Financial Literacy! I said it 1st!

[drewwestenbarger]

I'm dying with these inserted funny video clips😆 I love listening to your advice, you make it easy to understand and I can tell you're passionate about your work. Love it!

[eric_m_bailey]

I Love watching the growth of your channel and I'm getting a lot of wonderful information from you! One thing to note is that it's not called a "Quick Claim Deed" it's called a "Quitclaim Deed" Keep representing and educating!

[beverlymeredith]

I appreciate the information in this and Karlton’s other videos. But I just want to mention that it is pretty easy to find out who is a member or registered agent behind the LLC. Just go to the Secretary of State’s office in your state and view filings, where you can find the individuals behind the LLC. I think putting a rental property in an LLC is a good thing, but not necessarily to camouflage the owner(s) behind it.

[heroknaderi]

I enjoyed the video. A good friend of mine owns my childhood home along with two other properties. He’s in California I’m in Texas. Recently I saw where he got an llc for his properties including my Childhood home. I’m planning and been planning on buying it back and I want it in my name. It still has tenants and there good tenants. I’ve even met them before. One idea is whenever the house comes available I’ll rent it for a year then do rent to own. Another idea is I’ll buy it as is with the current tenants and take over renting it out to her. Until she moves. I have an emotional attachment to the home and I want to live in it in the future. I’m curious on the best work around. This video is very informative. Keep them coming.😊

[heka]

Really wish my teachers in college were more like you
Thankyou for the time in these vids

[jddavis]

Just glad to see a young Black King giving gems!

[anthonyandrews]

Omg bro the way you speak to my brain it really clicks

[coachdonnaj]

This has been so educational. I’m a boomer passing your gems on to my Millennial family members who are considering getting into Real Estate.

[saldridge]

Just started my FL LLC and plan to add flips/rentals in the near future. Will be watching as much content as I can! Thanks for the info much appreciated!!!

[johngartin]

When starting an LLC, would it be smart to sell your own house to it? For example, I live in my property but i could sell it to my LLC and then rent it out to my wife to show income.

[HighCountryRambler]

Would love to see a video on having rentals deeded to a 'Trust' versus a 'LLC' as it relates to these similar benefits? Mine are tilted to my Trust currently for similar reasons, but I've had a LLC for over 10 years for other reasons. Considered moving them over?
I paid $150 for the LLC and $10 per year annual filling fee.
Great videos as usual.

[frankayala]

Everything you’re talking about on here has always been on the back of my mind with questions and all, I am a bookkeeper for a real estate property management, and I always wondered why certain specific clients of ours would purchase properties and give them the name of the address followed by LLC, I never understood why and now I understand based on the basket of eggs that you used as an analysis in. Thank you very much I have become I subscribed to your channel.

[mariajackson]

People can still find out who owns a business/LLC and then get your personal info. I have a friend that was sued that way. When they were unsuccessful suing her Through her business. They found out her home address and had her served at her home

[Naytastiic]

This video is underrated. Thank you for this. 🐐

[realdealz]

Great video! You audio was perfect, the video was clean and visually appealing. The information was very useful.