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!
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.
@@martingiavarini I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
@@hermanramos7092 Big Credits to “Catherine Morrison Evans” she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Catherine has been a good guide through the year.
@@martingiavarini Thanks, I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.
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.
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.😊
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!
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.
I don’t think he entirely meant to hide the owners but rather to protect the owners from a lawsuit. When one looks at the property and finds an LLC name on the property, they are more likely to think twice about suing. In addition, even if they find the owners behind the LLC, they cannot sue the owners directly, but rather the LLC which is a saving grace for small business owners with LLC’s.
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!
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!!!
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.
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
I love love the way you explain things it always makes complete logical sense. I wish I could have conversations with you in real life I bet they are stimulating
Thank you so much, Karlton! I have watched a few of your videos and appreciate all of your content. You are simply awesome. Thank you for being the gift that keeps on giving to the community. 🙂
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.
I was just thinking the same! Would it be redundant to get an LLC when I know I’d like to get a trust as well. Should I just get one or the other. Also, your fees are super low!
@@tonyhall9764 The company I worked for offered a legal plan for a trivial annual price. Before I retired I had a attorney draft my will and family trust. I suspect they will build a trust for under $200 out of pocket and I just transferred deeds at the county myself. (online county forms) Attorney had a packet of requirements for the trust I gathered prior to the signing. According to the attorney, if a renter or other hurt themselves on the rental property they would be suing the trust, not me.
Whoever edits ur videos is awesome lmfao definitely keeps me interested. Also it's awesome and sad that ur laying more knowledge than educators out here. Thanks for taking the time to explain this out to us average Joe's.
If you haven’t establish business credit, for example, because you just started your LLC business which means the pay dex score is zero then how can you use OPM?
Your videos are so organized. While I am listen to you I am thinking two steps ahead; every question that popped in my head during this video you answered. Thank you for sharing your knowledge. #loveyourvideos
I believe its called a quit claim deed. And its the lowest form of title transfer that says the seller may or may not have owned the property and relinquishes any liens, judgements etc that may show up on title. Preciate the info tho brotha.
I have watched at least 100 of his videos and that “quick claim deed” which he said several times threw me off. I guess if he doesn’t own real estate and he’s just advising he may not know.
The challenge is that whether you rent or own, there are unavoidable costs associated with maintaining a permanent residence-property taxes, insurance, and utilities like electricity, gas, and water. In places like California, where I currently live, the high cost of living has pushed many people to opt for alternatives. It’s not uncommon to see individuals living in tents to avoid property-related expenses, and the number of people I encounter who reside in their cars is truly surprising. It’s a sign of how extreme the situation has become.
The market continues to escalate daily. Home prices are exorbitant, and mortgage rates have surged beyond 7%. I often debate whether it's smarter to park my cash in the stock market and wait for a potential housing crash or bite the bullet and purchase a home now.
The biggest problem with this strategy as it pertains to residential real estate is that you will not be able to procure a conventional mortgage and then quitclaim the property in the LLC at closing. If you do and your lender finds out that you no longer own the property, they can call the loan. Does anyone know of any residential lenders that would allow this?
I close all my properties into a Land Trust. Not only do I not need to pay franchise taxes for forming an LLC to close an individual property in, but it also anonymizes the Owner of record. OAN: Behind the scenes, I keep a group of properties in a LLC.
@@wernerfoerster3666 If you knew how land trusts work you wouldn't be asking such a question. I recommend you look up and holler at my guy Randy Hughes, "Mr. Land Trust" himself.
You suggest that the umbrella policy provides coverage for "incidentals, like if something gets brokern." That is incorrect. It's only an extension of liability.
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.
If it’s a home you’re staying in put it in your name is it’s an investment label it as such. This keep the ability to do business later a lot easier because the property or properties in your LLC doesn’t show on your personal DTI ratio which I very important. This allows you to have more availability to access loans. Anyone telling you otherwise is garbage. There lots of people speaking to the other but I actually am in the sector in which we are speaking on. Be aware there are a lot of people speaking on situation they're not or have ever been in. I’m an aspiring low level investor so these is a hurdle I’ve had to navigate. Best of luck.
Yes Karlton, though I didn't hear you talk about land trusts. No matter how many llc or properties each llc own, each property needs to be in it's own land trust and the llc or the individual as the trustee. This way if there is a lawsuit on one of the many properties an llc or individual has, the land trust limits the lawsuit to that specific property owned by a land trust to which the llc or the individual is the trustee. You can simplify it and do another video on it. Now this is where real estate gets tax free right? Since the llc or individual who purchased the property has transferred rights to a land trust and became trustee to said trust, what tax liability is there now really for that property and the llc or individual?
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Evelyn’s trading ideas and signal tips for your portfoligrowtho and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Evelyn Infurna’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Just subscribed. Well said and very informative! Thank you. I’m a newbie that’s just now getting started in REI & I want to take the right steps by setting up an LLC to protect my future assets.
Thanks for great video. Your voice is very clear and contents are very useful. Some of the info is not relevant for me but the concept put forth in the video is well explained and well taken by me also for future guidance Not only buying but re-selling of properties owned through LLC, will be much easier, only a single persons signature will be needed to sell a property or I think it could be done through a GPA also whereas in case of properties owned by individual's name, signatures/NOC of all the children are are needed on sale deed. This practice exists in many countries, including India, in case of ancestral properties. Any comments on this re-sale matters?
May I ask a question. It may be silly but I don’t know. Do I have to make a LLC in each state I want to invest in? Or could I have a LLC from in Texas and invest in Illinois?
There’s a thing called an LLC in Series with cells to protect each separate entity, while filling as an S-Corp while running an LLC. Can you please find the time to elaborate on those topics in combination.
I'd like to make a comment: if you use a quick claim deed you are guaranteed showing your hand because no one does quick claim deed to someone else that isn't related in some way to them most commonly " is them ". Not to mention you lose your title insurance do a standard transfer instead keep your name off record
Great video, my question to you is this, is it still necessary to put an investment property that's currently in my mother's name in an LLC if ... 1) We only own one rental property at the moment. 2) We are in the process of transferring the property into a living trust. 3) We are also planning to add an umbrella insurance policy to the property on top of the insurance we already have. We understand the concept of not putting ALL of our eggs into the same basket in order to protect the other eggs in the event that we "drop" 😁 one basket but what if one egg is all we got at the moment ? Thanks !
Can you make a video about getting a hard money loan through an LLC? I opened an LLC may of 2020 and business was good until a few months ago and no I’m stuck with this loan paying $365 per day. I do e-commerce
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!
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.
@@martingiavarini I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
@@hermanramos7092 Big Credits to “Catherine Morrison Evans” she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Catherine has been a good guide through the year.
@@martingiavarini Thanks, I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.
@hermanramos7092 how did it go
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.
How about if you put the LLC into an Anonymous holding company? Would that by any chance make a difference??
There are some states (Wyoming for example) where the LLC actually protects the owner. ie...you can not look up who owns the LLC.
You guys got the LLC Wyoming etc.. probably from the same dude i watched years ago on youtube. Get a Land trust, it does the same thing and cheaper
I'm into LLC's but i'm also well versed in "Land Trust"
@@lewisacosta2891 is a lot bettee
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.😊
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!
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.
It's very easy to set the LLC up where none of the LLC owner's personal information is listed on the organizing documents.
I don’t think he entirely meant to hide the owners but rather to protect the owners from a lawsuit. When one looks at the property and finds an LLC name on the property, they are more likely to think twice about suing. In addition, even if they find the owners behind the LLC, they cannot sue the owners directly, but rather the LLC which is a saving grace for small business owners with LLC’s.
@@DuckJuniorTV really I did not know that.
Soooo thankful i stumbled to this page: Karlton Dennis is the next TH-cam Star for Financial Literacy! I said it 1st!
Really wish my teachers in college were more like you
Thankyou for the time in these vids
This dude is a tax strategy BEAST.
I like the way you speak and express yourself, very professional and positive
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.
Never too late.
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!
Wow! Seriously think this guy is good and he doesn't even know the correct name of something THAT important?!
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!!!
Best of luck, I add anything real estate related to a specific playlist, check it out!
*Quit Claim Deed. You as the owner are quitting your claim to the property deed thereby transferring the ownership interest to a new party.
@Brad Williams Possibly. Yes.
Just glad to see a young Black King giving gems!
How do you know he's not a queen 🤔😳 lol
Why it gotta be about race
Playing the victim is very in right now. They don't even realize what they're saying anymore 😴🤷
Simply an educated American helping others, which has been happening for hundreds of years.
Hey JD Davis, would you be cool with a White person calling themselves a White King? I doubt it. Your comment sounds rather grandiose.
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.
Only at 0:15 and boy you got me hooked!! That long neck clip was has me dying
Wow. I've watched and studied many real estate investing videos. This info was gold. But the way in which you communicate is 💯
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
Great video! You audio was perfect, the video was clean and visually appealing. The information was very useful.
This video is underrated. Thank you for this. 🐐
My Guy!!! This the Channel I been Looking for!! I been procrastinating on getting my LLC for my Clothing Brand! Bout to get on it Today!!
Thank you so much for clearing that up. I’ve asked investors, lawyers and accountants and all they did was confuse me further.
I love love the way you explain things it always makes complete logical sense. I wish I could have conversations with you in real life I bet they are stimulating
Omg bro the way you speak to my brain it really clicks
@6:30 Big companies are more willing to settle tho lol. Could backfire. Just my 2 cents. The video was very informative tho. Awesome job 👍
Planning on getting my LLC within the next couple of months. I'll be reaching out to your office pretty soon!
I am committed to self-development and thriving.
Thank you so much, Karlton! I have watched a few of your videos and appreciate all of your content. You are simply awesome. Thank you for being the gift that keeps on giving to the community. 🙂
I appreciate that!
If you want to expand...the issue is it's hard to get mortgages or equity after llc. You have to go Commercial which higher rates.
LITTERALLY the best I have heard yet. You taught me some new things. Thank you🙂
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.
Does the trust give you privacy? How would one go about setting up a trust? In new to all this so i appreciate any and all info
I was just thinking the same! Would it be redundant to get an LLC when I know I’d like to get a trust as well. Should I just get one or the other. Also, your fees are super low!
CALIFORNIA ANNUAL FEE $800
@@tonyhall9764 The company I worked for offered a legal plan for a trivial annual price. Before I retired I had a attorney draft my will and family trust. I suspect they will build a trust for under $200 out of pocket and I just transferred deeds at the county myself. (online county forms) Attorney had a packet of requirements for the trust I gathered prior to the signing. According to the attorney, if a renter or other hurt themselves on the rental property they would be suing the trust, not me.
@@r.5108Massachusetts is $600
You're great at communicating and explaining, thank you the video was very helpful!
Whoever edits ur videos is awesome lmfao definitely keeps me interested. Also it's awesome and sad that ur laying more knowledge than educators out here. Thanks for taking the time to explain this out to us average Joe's.
If you haven’t establish business credit, for example, because you just started your LLC business which means the pay dex score is zero then how can you use OPM?
Thank you so much for this info!!! This truly helped me.
Side note: “Quit” Claim Deed, not “Quick”.
Your videos are so organized. While I am listen to you I am thinking two steps ahead; every question that popped in my head during this video you answered. Thank you for sharing your knowledge. #loveyourvideos
I believe its called a quit claim deed. And its the lowest form of title transfer that says the seller may or may not have owned the property and relinquishes any liens, judgements etc that may show up on title. Preciate the info tho brotha.
I have watched at least 100 of his videos and that “quick claim deed” which he said several times threw me off. I guess if he doesn’t own real estate and he’s just advising he may not know.
This is the best video that I’ve seen for this topic so far.
Thank you for your ministry! Let’s build generational wealth!
Thank you for the content just keep on grinding consistency is the key to this platform and never give up
Thats the truth!
Check out my instagram @karltondennis
Look forward to putting out more 💎 for you guys
Thank you so much. I’ve watch many videos on LLCs. I finally understand. Thanks!
The challenge is that whether you rent or own, there are unavoidable costs associated with maintaining a permanent residence-property taxes, insurance, and utilities like electricity, gas, and water. In places like California, where I currently live, the high cost of living has pushed many people to opt for alternatives. It’s not uncommon to see individuals living in tents to avoid property-related expenses, and the number of people I encounter who reside in their cars is truly surprising. It’s a sign of how extreme the situation has become.
The market continues to escalate daily. Home prices are exorbitant, and mortgage rates have surged beyond 7%. I often debate whether it's smarter to park my cash in the stock market and wait for a potential housing crash or bite the bullet and purchase a home now.
These videos are amazing!!! You are a wealth of information. Thank you.
The biggest problem with this strategy as it pertains to residential real estate is that you will not be able to procure a conventional mortgage and then quitclaim the property in the LLC at closing. If you do and your lender finds out that you no longer own the property, they can call the loan. Does anyone know of any residential lenders that would allow this?
DCSR loans is another way to fund. Would like Karlton to do a video on them
Thank you for making these videos! You always put things in such a way that just makes sense
I close all my properties into a Land Trust. Not only do I not need to pay franchise taxes for forming an LLC to close an individual property in, but it also anonymizes the Owner of record.
OAN: Behind the scenes, I keep a group of properties in a LLC.
Do you really contend a landlord/ landowner can remain anonymous when in the sights of an attorney??
@@wernerfoerster3666 If you knew how land trusts work you wouldn't be asking such a question. I recommend you look up and holler at my guy Randy Hughes, "Mr. Land Trust" himself.
@@frankmoolah
LOL... I would have you personally served with a summons within a week!
@@wernerfoerster3666 Sure you would 🤦🏽♂️🤷🏽♂️. I call your bluff and welcome your attempt. Foh 😅😂🤣.
@@frankmoolah
great strategy ... hide from the lawyers lawsuits .. LOL... laughable
You suggest that the umbrella policy provides coverage for "incidentals, like if something gets brokern." That is incorrect. It's only an extension of liability.
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.
curious about this
I'm curious
Grant Cardone does this!
Is this legit?
@@phucutube absolutely is!
Thank you for telling me it’s okay to have these questions!
You are giving so much game in this video, thank you so much for sharing this information.💚💚💚💚💚
If it’s a home you’re staying in put it in your name is it’s an investment label it as such. This keep the ability to do business later a lot easier because the property or properties in your LLC doesn’t show on your personal DTI ratio which I very important. This allows you to have more availability to access loans. Anyone telling you otherwise is garbage. There lots of people speaking to the other but I actually am in the sector in which we are speaking on. Be aware there are a lot of people speaking on situation they're not or have ever been in. I’m an aspiring low level investor so these is a hurdle I’ve had to navigate. Best of luck.
Quit claim deed ?? Is that what you ment
A1 advice thanks for the information!
Anytime
The info you provide is invaluable!!! Thanks for sharing
Yes Karlton, though I didn't hear you talk about land trusts. No matter how many llc or properties each llc own, each property needs to be in it's own land trust and the llc or the individual as the trustee. This way if there is a lawsuit on one of the many properties an llc or individual has, the land trust limits the lawsuit to that specific property owned by a land trust to which the llc or the individual is the trustee. You can simplify it and do another video on it. Now this is where real estate gets tax free right? Since the llc or individual who purchased the property has transferred rights to a land trust and became trustee to said trust, what tax liability is there now really for that property and the llc or individual?
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Evelyn’s trading ideas and signal tips for your portfoligrowtho and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Evelyn Infurna’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.
@Infurnaevely1
That's my number #1 question which one should I do?
I so appreciate your content and how you explain the information in detail! I will definitely be following going forward.
In 48 states, If you search your secretary of state website for the llc name, it will give you all the details of who, where, name and address.
You explain things so clearly, you are the best 👌
Very informative one step closer on how to purchase our 1st rental property. Thanks
Many thanks - great tactical explanations!!!
All they have to do is go to Secretary of State and enter your llc name. Still get your information easily.
Mr Dennis is this reply true?
Outstanding content Karlton, I am so glad that I came across your TH-cam channel...Thank you! God Bless :)
Glad you enjoyed it!
So glad I came across your channel..you are amazing...definitely a loyal subscriber
Thank you so much!!
This man explains things very thoroughly
Just subscribed. Well said and very informative! Thank you. I’m a newbie that’s just now getting started in REI & I want to take the right steps by setting up an LLC to protect my future assets.
Appreciate the Knowledge, it was really helpful! 😄
incredible iinfo! and put out clear and simple.
Glad you enjoyed it!
This channel is really amazing
Great video!!!!Thank you ❤
Thanks for great video. Your voice is very clear and contents are very useful. Some of the info is not relevant for me but the concept put forth in the video is well explained and well taken by me also for future guidance
Not only buying but re-selling of properties owned through LLC, will be much easier, only a single persons signature will be needed to sell a property or I think it could be done through a GPA also whereas in case of properties owned by individual's name, signatures/NOC of all the children are are needed on sale deed. This practice exists in many countries, including India, in case of ancestral properties. Any comments on this re-sale matters?
Great video. Loved the inserts they related and were funny.
May I ask a question. It may be silly but I don’t know. Do I have to make a LLC in each state I want to invest in? Or could I have a LLC from in Texas and invest in Illinois?
Excellent video! Definitely will.set up.a LLC for my rental property purchase.
Love the video 👍 and lots of great information. Thanks my guy!!
So, it's best to quit claim to the LLC before closing? Why can the LLC not buy the property outright?
Née subscriber here. Thank you for your clear explanations on everything!
Some very useful information here. Thanks again
Glad it was helpful!
There’s a thing called an LLC in Series with cells to protect each separate entity, while filling as an S-Corp while running an LLC. Can you please find the time to elaborate on those topics in combination.
Thanks for your comment ⬆️ Reach out to me for consultation and more tips on how to build your finances ✉️...
This guys a genius
🔥🔥🔥🔥🔥 glad I found your channel !
Thank you! I look forward to seeing you on the challenge www.thetaxfreewealthchallenge.com
cracking up with your intro... that guy: "I cant event tell you that" LOL!!
its called a "QUIT" CLAIM DEED not a quick claim... loved everything else.
thank you bro
I LEARNED A LOT THIS VIDEO!
Series LLCs. Are key.
Wow. I came across this vid and these are great infos. Thank you!
Great advice. If you own several investment properties, create a Wyoming Series LLC
I'd like to make a comment: if you use a quick claim deed you are guaranteed showing your hand because no one does quick claim deed to someone else that isn't related in some way to them most commonly " is them ". Not to mention you lose your title insurance do a standard transfer instead keep your name off record
The Tax alchemist meets “The Superyacht Alchemist “ sweet work bud
This was so helpful 🥰 Thank you sending love from New Orleans ❤️
Great video, my question to you is this, is it still necessary to put an investment property
that's currently in my mother's name in an LLC if ...
1) We only own one rental property at the moment.
2) We are in the process of transferring the property into a living trust.
3) We are also planning to add an umbrella insurance policy to the property on top of the insurance we already have.
We understand the concept of not putting ALL of our eggs into the same basket
in order to protect the other eggs in the event that we "drop" 😁 one basket
but what if one egg is all we got at the moment ?
Thanks !
That's what seller financing and subject to is for! The seller is the bank instead.
Priceless info. Thank you, sir. ❤
Great information that helps make informed decisions. 👍👍👍
this video alone made me subscribe
I’m thinking of purchasing a retail space. Could you please address that scenario? Thank you!
I’ve been waiting for this
Searching should I say
Can you make a video about getting a hard money loan through an LLC? I opened an LLC may of 2020 and business was good until a few months ago and no I’m stuck with this loan paying $365 per day. I do e-commerce
Yes. give me and my team a few weeks! i will add it to the cue