Rental Property LLC Tax Benefits - Pros & Cons of using an LLC for real estate

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[rakumarudu]

I really love your slide work and teaching

[markaguirre]

Finally...someone who made this so simple to understand. :) Thank you! I do have one question: If you pay state income tax on a rental in CA (and you live in CA), will you NOT have to pay the State Income Tax on that property if you move to NV where there is no state income tax?

[CW-tbyg]

Thanks! This was so helpful to me. It can get confusing out there on google searches but your presentation cleared up a lot of questions I had.

[idbountyhunter]

It would be beneficial to rent the house from your LLC because the LLC can write off everything the rental house needs.

[JanetteIsCool]

I enjoy the way you teach. Thanks for this!

[shantryce]

Ive been waiting on this info. Thank u

[AbeFroman-zxhs]

Wow. You are a breath of fresh air. You actually understand the accounting/tax implications. Lawyers do these things and they are clueless on the intricacies. In my case the i would be foolish to add members (siblings) to the LLC. Complete trust between the three.

I agree. I think insurance should be enough to cover liability.

Bravo again!!!! Plus you’re quite attractive. 😉

Question: due to MAGI I won’t be able to offset any losses from the rentals. Will I be able to defer those loses when MAGI returns to an acceptable threshold (in 2 years). Currently Maximizing Roth conversions before tax rates go back up. Thanks!!!

[jimross]

LLC won't necessarily protect your assets if you are proven to be grossly negligent. A judge can still pierce the corporate veil and collect. Additionally, some lawsuits are thrown out as frivolous. Correct that umbrella liability insurance is 100% required. Staying with Schedule E filing is the most profitable way to be taxed.

[sn]

Excellent chart at 5:00 explaining Single member LLC!

[papajoe]

a property in a trust and moving it to an LLC will it be considered a boot

[JolitaBrilliant]

There is difference it tax - if you have LLC partnership you’ll pay extra tax filling fees as it needs additional form

[melodyn]

So do you recommend put every house under different LLC, or all houses under one LLC? If single member only.

[CrabbyE]

Question: if you go with a single member LLC wouldn’t all of your profits be subject to FICA?

[janellesapiel]

How do you pay yourself with an LLC through rental properties? I understand you can’t just distribute money to yourself, so I’m unsure on how to go about that. I am just starting out, trying to get everything in order before my first purchase.

[christineyoung]

So if you have 10 property you have to have 10 bank account and 10 different credit card?

[azharuddinshaik]

You are awesome….
U missed the insurance part that you promised at the end 😂😁
But I begin journey with you…

[instaccountant]

The way you teach was soo good. I really enjoyed it. 👍

[Rocave]

Hi there, my name is Benito Castro. I live in Cumming, GA. I looked at several of your videos.I will be receiving an inheritance next month and want to work full time in real estate investing. Is it possible to have a one on one to see how we (my wife and I) access your services?

[SplashyCannonBall]

If I wanted to rent a home to a family member while I also own my own home, is this a benefit?

[miguelmagallmm]

How Does anyone pay himself in a rental LLC?