How To Create An LLC For Rental Properties (Asset Protection)

In this video, I share how to create an LLC for rental properties and provide some helpful tips. If you're interested in starting your own business and owning rental properties, you may be interested in learning how to create an LLC for rental properties.

"When I set up the structure, one of the things I want to ensure is that the client is put in the positions where they have apparent authority over their limited liability company." 12:08

By creating an LLC for rental properties, you'll have a legal structure in place that will help protect your investment. You'll also be able to access the private equity market, which can help you grow your investment over time.

LLCs are a great way to protect your assets and keep your finances safe. By creating an LLC for your rental properties, you'll keep your money safe, and property owners will be in the hands of qualified individuals. This is a great way to start property investing and protect your assets!

An LLC is a popular way to structure and protect rental property investments. By creating an LLC for your real estate investments, you can protect yourself from liability, reduce taxes, and limit personal exposure to lawsuits.

If you want to start your own rental property business, this video is for you! I'll show you step-by-step how to create an LLC and how to fund your rental property through the LLC.

Watch our video to learn more about LLCs and how to use them to protect your rental property investments.

Like, comment, and subscribe to the channel for more great content like this! Enjoy and share this video with your friends!

Show Notes:
0:00 Intro
0:22 Location
3:32 Types of Entities
4:30 Anonymity
8:00 Creating New LLCs
11:48 Setting-Up
17:05 Outro
---------------------------------------------------------------------------------------------------------
SUBSCRIBE

~~~~

FREE REAL ESTATE INVESTMENT STRATEGY SESSION

FREE TAX & ASSET PROTECTION WORKSHOP

~~~~

FINANCIAL PLANNING & RESOURCES

Here’s a little about me and my book Asset Protection for Real Estate Investors

~~~~

FOLLOW US:

~~~~

CONTACT US
Phone: [phone]
Fax: [phone]

ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#assetprotection #clintcoons

[tangodown]

This is the only video after watching a TON that addressed how to setup the management structure correctly...thank you

[melted.minds.]

this is s MUST SEE for people learning about real estate investing! thank you so much for clarifying all the points in this video!!

[maha-rfpw]

This has clarified the questions i have. Thank you so much!

[MannyZepeda-jxwb]

How come you never talk about setting up an LLC in New York? I would love some information. I love your videos, I’m so happy I came across them.

[makiavelli]

I have a sneaking suspicion that I will be using you folks' services in the future after I receive an inheritance of many properties via a trust. Yourself and Toby are giving master level classes on these topics that you cover.

[tangodown]

Final question. The WY-LLC would you elect it for s-corp taxation if your doing more traditional sales out of the operating LLC? For real estate it may not make sense. But for companies with traditinal cash flow the s-corp election would be beneficial?

[Kassandrasson]

I’m here in North Carolina and have a property to transfer into a NC LLC however it is encumbered by a mortgage, 15 years ownership at this point 12:04 you answered my question while I was typing it up! Thank you!

[starmaster]

Great video as always! Could you explain how the Unrecorded Deed works to limit transfer tax if your property is in PA?

[lifesshortbs]

Buying our first rental and need to figure out the right way to set up in Idaho. Definitely want anonymity

[mayangoddess]

If MY HUSBAND is MY PARTNER. Then why would I need to create an LLC? Because WE have no other OUTSIDE partnerships...neither do WE wish to have anyone else joining our PRIVATE companies.

[jetc]

Can you do a video about LLC rental property in Hawaii? How it works with the Wyoming LLC set up.

[ourhomeb]

Hi Clint if I understood correctly I live in CA just acquired my 4th rental I should set up a Wy statuatory trust and let up llc for each of my properties, The only thing I was not able to capture is the fees and further example for CA regarding the benefits. Thanks

[Degengeo]

Great video, new subscriber! I have just recently opened 2 LLCs to purchase properties subject to and have the LLCs become the owners. The LLCs are subsidiaries of a WY holding company who registers as the owner of the LLCs. I am in FL and based on your video i shouldve instead opened up Land Trusts and not LLCs is that correct? Will you please elaborate more? Thank you very much for your time

[seanweaver]

Hello, thank you for taking the time to post this video. I understand there are different benefits depending on the state, however, I am still a little confused on which state I am able to choose to start an LLC. My rental property is in Virginia, but I reside in Oklahoma. There is no mortgage on the property. Any advice is greatly appreciated. Thank you for your time.

[zehuazhou]

in WA, it seems like I have to list someone as the governor of the LLC. I listed myself and it shows up in the public records in the database. Are you able to form a WA LLC without listing yourself as the governor?

[emiliogiler]

I need to make an appointment with you guys, I’m just starting to do short term rental and I had know idea this was a thing.

[luciengp]

Thanks for this video. What if I had property abroad e.g. Thailand? What structure could be best for tax purposes?

[mikefenton]

@ClintCoons I have watched quite a bit of your content. I am looking to purchase first rental in Texas. My understanding of your approach is to setup WY LLC with my wife and I creating a partnership (plan to add to portfolio), then create TX Series LLC. Purchase first property in our names, place in a Land Trust then move property to TX cell. If I have fully understood your recommendations? I have the cash to put down 25%-30% of down payment, but I rather put as little down as needed. Any recommendation on financing option? Great content!

[surfcruzer]

Your info is always greatly appreciated.

[mayangoddess]

Where exactly....is it written that a HUSBAND & WIFE shouldn't be allowed to become PARTNERS and conduct BUSINESSES together.