How To Structure Your First RENTAL Property (And Mitigate Taxes!)

In this video, Toby Mathis, Esq. will discuss the correct way to structure your first rental property and strategies to mitigate taxes.

How should one structure their first real estate property? This is a common question most newcomers to real estate investing may find themselves asking.

You can also be asking questions like…

"Why would I care? Does it matter?" 15:00

And the answer is yes and yes.

It is very important to make the best choice for you when deciding on a structure for your first property.

Toby Mathis, Esq. has been investing in real estate for many years now, and he has been around the bend and back when it comes to the struggles. Which makes him an excellent point of reference for learning more about the subject.

With that being said, we circle back to the question, how do you structure your first property?

If you have a minute to spare, then we have the solution you are looking for.

Learn more about how to decide which choice is best for you and how to arrive at a said choice.

Keep in mind that the answer to this problem can be found in a process. A process that walks you through what you need and how you can protect yourself. So be sure to watch the video until the end to ensure you get all the information possible.

Until next time, remember to like, share, comment, and subscribe to the channel.

Thank you for watching, and good luck with your first and hopefully first of many properties.

Show Notes:

0:00 Intro
0:14 The Process for Decision
4:05 The first step
8:50 Ownership
14:30 Looking at Land Trusts and LLCs
10:00 Structures
18:02 Active Trader Business
24:05 House Hacking
31:04 Outro
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ABOUT TOBY MATHIS

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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.

#structure #rentalproperty

[Abelieverintruth]

Toby I love your videos! They are awesome! I have been a real estate investor- operator for over 35 years and I have not seen this type of intelligence on the topics anywhere on you tube. Thank you for your great videos. At some point in the future can you go over Alloidal Titles and Land Patents?

[hannahcasey]

Thank you for this knowledge! Just got my first rental and was clueless about the structure. Great info!! 👏

[pfschuyler]

I like the no-nonsense approach and personal experience.

[michaelpaul]

this is brilliant..such crucial info...you went over everything i need to consider, even your side notes are entertaining and pertinent. you have a brilliant way of teaching and conveying the info; great skills and knowledge--thank you

[theresamcgallicher]

I bought a 2nd home financed under my own name, then rented it out on VRBO & Airbnb. At tax time I received NO benefits because (according to my tax preparer) the mortgage was not held by my LLC. 😢

[ReggieMichel]

Uncle Toby... This was SUPER Valuable (as usual) and I needed this today. Will be setting up a consult. Thank you! 🙏🏾

[organizer]

Excellent overview of options! Thank you!

[SunshineRisesAgain]

Thank you for being thorough by going into the reasons why one must look at more than what is on the surface. Excellent presentation 😎👍

[lcinflorida]

I find these talks fascinating... I wish I had your knowledge! Thank you!!

[bobmonson]

Excellent pace Toby, easier to understand your content. Thank you.

[ShinyFeathers]

Binge watching your videos and learning so much ~ appreciate all of the info you share!

[naelab]

Love the way you explain things. Thank you

[uncletookie]

You're hilarious! Great showmanship. Everything is excellent especially the "It depends! 😁" great attorney joke.

[brianjenkins]

Very interesting this guy knows his stuff

[cryptotiger]

So much to learn with all your videos. Thank you for doing these videos

[thefrankperspective]

hahaha, Toby went to the Graham Stephan school of YT intros and I love it.

[rchen]

Aren't you required to provide info on your assets during discovery if you're sued?

[h.f.]

Wow! I work with attorneys. This guy is sharp.

[lautburns]

Wow, I’m listening.. I just made a verbal offer on my first income property. I’m willing to pay cash. The owner is a NFP church fellowship. They like my offer because the property has flaws, it’s a mess, needs repair. No realtor involved. I don’t know how to proceed. Should I have an attorney make a contract, and make a LLC for me? ( upstate New York) thanks again for all the great content.

[johnmaxwell]

I'm moving to Washington State. Any great tax professionals you might recommend up there? I know you might hesitate in making recommendations because of liability issues...but if no recommendation, what should I be looking for, questions asked, etc. when looking for a great tax accountant? Thanks in advance.