How To Start An LLC For Rental Properties

Want to know how to start an llc for rental properties? In this video, I'll share a step by step approach to getting an llc set up for each rental property. I'll also share a much better strategy to use in addition to your llc's for maximum privacy and protection. Check it out!

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Timeline:

0:00 How to start an LLC for rental properties
0:16 What will be covered in this video
1:31 What is an LLC?
2:14 What to keep in mind when it comes to LLC’s?
2:38 Benefits of starting an LLC
5:58 Who should set up an LLC
9:00 Steps to setting up an LLC
14:02 How to use land trust in real estate
18:08 Closing comments

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Who is Jamel Gibbs?

Jamel Gibbs is a successful real estate investor and educator.

He is the owner of Mill Street Properties LLC, a successful real estate investing firm. He is also the owner of the REI Education Academy LLC, which is a successful real estate investment education firm and publishing company that teaches their clients how to build successful real estate investing businesses.

Jamel coaches and consults people all across the country in an effort to help them achieve true financial freedom through real estate investing.

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#howtostartanllcforrentalproperties #howtostartanllc #rentalproperties #jamelgibbs #assetprotection #realestate #investing

[cathenido]

I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87, 000 and sold it for $197, 000, My second home, acquired for $170, 000, was later sold for $320, 000, and my third property, purchased at $300, 000, fetched $589, 000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.

[IamDannyStone]

Great video, you broke down the LLC structure in an easy-to-follow, step-by-step way. Much appreciated!

[janicebarbee]

I love u Jamel!!! Your common sense strategies are exactly what I need as a beginner. My follow up question: does this mean you have a different LLC (with land trusts per property) for each state you are investing in? I have a LLC set up for North Carolina, but am very interested in bidding at Pennsylvania judicial tax sales! You are an extraordinary teacher and I am grateful that you are choosing your position to share your experiences and lessons😊

[jesham]

The land trust method seems ideal for the buy and hold strategist. I like the llc for wholesaling especiallywith today's regulations. Thanks Jamel!

[matthewrosas]

I just turned 18 and made a LLC and going to start my real estate portfolio

[dmariabeauty]

This is answering several questions I had, as I have been brainstorming a name for my real estate business. Right on time‼️

[samsangiorgi]

Loved these explorations. Better than a lawyer sometimes. Being a home owner myself, this gives me better idea of how to protect myself. Great video!!! 👍👍

[romegq]

Appreciate the video! You're clear, straight to the point, and you don't digress into a bunch of other gibberish like some other videos. 👍🏾

[fitwill]

Thank you for a clear and concise explanation in this video! I am under contract for my first investment property, and this really helped me to make an informed decision for my business.

[mizzwendy]

YES, YES! Thank you for making these educational, concise videos! They are Extremely helpful! No, they are life changing. Again thank you, I appreciate you.🏘️👍🏻

[byqoovp]

Thanks! I was told to do an LLC for each property which is expensive in my state. This strategy is a much better option.

[yung_tuber]

A wealth of knowledge, very informative sir. My husband and I have lots to discuss as we are looking to start on the real estate journey. Thank you!

[gregprovin]

Very simple explanation and too the point. Thank you for the excellent tip! This method allows for a significant amount of privacy and can help avoid those with money hungry lawyers.

[REAVESWH]

Thanks for the information sir. Greatly appreciated

[melaniegenuinely]

I’m just scrolling all the playlists on your channel and it’s a WHOLE UNIVERSITY!!!! I’m going to educate myself but not going to overeducate myself to the point it becomes counterproductive. I’ve answered the questionnaire and will be investing in the hybrid training. Though there are other investors that I follow in addition to you….it just seems like your way of teaching makes me feel at ease and confirms my belief that I can do this. That’s not to say the others don’t teach plainly. But it’s just something about the way you teach that’s just straight to the point. Noelle is like that too.

[jamelgibbs]

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[toddw.sampsell]

Okay sounds great and I liked what I heard here - but how do you set up a land trust each time you need one ? Is there a form where you register the property with the county you are in to make this happen. Go to an attorney is an option - but if you want to do this on your own - can you explain the steps on a video? Thanks.

[melissa]

This was an amazing video and has shedded clarity on a lot of questions I had. I am eager to continue watching your educational videos :). Sending positive vibes.

[richstevenson]

Great video. Clear and easy to understand! Excellent presenation! Thank you from Philadelphia!

[samuelbruce]

First of all, you are awesome. Thanks. Start an easy language course on these things. People will pay for it and make an awesome man wealthy. Thanks again.