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'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 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!
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 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.
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 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!!!
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?
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?
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.
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.
So let’s say if I open 3 llc, I’m going to have to open 3 different bank accounts or is there way to link all 3 into one bank account or what would be the best option ?
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
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.
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. 🙂
So If have an llc and if they were to sue the llc would they only get the assets and the debts on the llc. What about the money that you have with llc business, would they be able to take that as well ?
If your looking to get into rental properties but have never had an LLC before would you recommend buying in your personal name for the sake of financing and then switching the title to an LLC?
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 !
So if we’re establishing business credit within an LLC and you get to a point where you need multiple. Can you easily transfer from 1 LLC to another LLC? Or would this be a situation where you would use the quick claim deed and switch it into a second LLC before closing?
I am new to real estate and thinking about investing in a duplex or even triplex. Would it best best to refurnish the rental and pay for utilities or is it better to allow the renters to bring their own furniture, and pay for the utilities, asking for the smart way to invest into a property?
I own 2. You don’t furnish anything. Also, I wouldn’t recommend ever paying for utilities. This can get horribly abused. I had a tenant that I charged rent with utilities included. My cash flow was all in $2k a month, until they decided to use the washing machine to wash clothes in excess (possibly charging others). They racked up $1k water bill and broke the washing machine. That’s without counting electricity costs. They reaped what they sowed in the end. I won’t be renting any properties with utilities included again.
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
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 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.
@@karltondennis did you and your team whip up a video on this one? Can you please cover in detail how a newly established LLC should add existing rental/investment properties to ones LLC. Also, can you address and or do a video on a land trust vs LLC comments contained in this thread? And thank you very much!
If I live in a home for one year that’s financed in my name and then lease it out after that year to apply for a new loan with the same bank, will the bank allow that or do I have to go to a separate bank for a new loan ?
It's kind of confusing, so if you purchase properties 50k- 60k and the cost of doing taxes on multiple LLC'S might not be worth it. Then you say each property is worth having a LLC in case of a lawsuit. So if I want to purchase cheaper properties should I group 2 of them in one LLC?
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 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.
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.
![How to Use Rental Losses to OFFSET W2 Taxes! [Part 1]](http://i.ytimg.com/vi/1a38vrvO-ko/mqdefault.jpg)
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
Soooo thankful i stumbled to this page: Karlton Dennis is the next TH-cam Star for Financial Literacy! I said it 1st!
I like the way you speak and express yourself, very professional and positive
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!
Really wish my teachers in college were more like you
Thankyou for the time in these vids
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?!
*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.
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 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.
This dude is a tax strategy BEAST.
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.
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
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!
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?
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?
This video is underrated. Thank you for this. 🐐
Great video! You audio was perfect, the video was clean and visually appealing. The information was very useful.
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.
That's my number #1 question which one should I do?
Many thanks - great tactical explanations!!!
I am committed to self-development and thriving.
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!
So let’s say if I open 3 llc, I’m going to have to open 3 different bank accounts or is there way to link all 3 into one bank account or what would be the best option ?
So, it's best to quit claim to the LLC before closing? Why can the LLC not buy the property outright?
Hello how would I get a padex score for my business and how do I build business credit??
I’m thinking of purchasing a retail space. Could you please address that scenario? Thank you!
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.
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
Thank you so much for this info!!! This truly helped me.
Side note: “Quit” Claim Deed, not “Quick”.
A1 advice thanks for the information!
Anytime
But people can lookup the LLC owner by searching the LLC details in state biard
Omg bro the way you speak to my brain it really clicks
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.
Great video!!!!Thank you ❤
Is an LLC necessary when buying small businesses?
LITTERALLY the best I have heard yet. You taught me some new things. Thank you🙂
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!
So If have an llc and if they were to sue the llc would they only get the assets and the debts on the llc. What about the money that you have with llc business, would they be able to take that as well ?
If your looking to get into rental properties but have never had an LLC before would you recommend buying in your personal name for the sake of financing and then switching the title to an LLC?
I was told that if title changes, the lender can request full payment of loan on the spot
Thank you for your ministry! Let’s build generational wealth!
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.
Can you setup LLC that does real estate investing and other side business?
Karlton, can I buy REIT/S through my LLC?
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 !
Planning on getting my LLC within the next couple of months. I'll be reaching out to your office pretty soon!
Appreciate the Knowledge, it was really helpful! 😄
You're great at communicating and explaining, thank you the video was very helpful!
These videos are amazing!!! You are a wealth of information. Thank you.
So if we’re establishing business credit within an LLC and you get to a point where you need multiple. Can you easily transfer from 1 LLC to another LLC? Or would this be a situation where you would use the quick claim deed and switch it into a second LLC before closing?
That's what seller financing and subject to is for! The seller is the bank instead.
I am new to real estate and thinking about investing in a duplex or even triplex. Would it best best to refurnish the rental and pay for utilities or is it better to allow the renters to bring their own furniture, and pay for the utilities, asking for the smart way to invest into a property?
I own 2. You don’t furnish anything. Also, I wouldn’t recommend ever paying for utilities. This can get horribly abused. I had a tenant that I charged rent with utilities included. My cash flow was all in $2k a month, until they decided to use the washing machine to wash clothes in excess (possibly charging others). They racked up $1k water bill and broke the washing machine. That’s without counting electricity costs. They reaped what they sowed in the end. I won’t be renting any properties with utilities included again.
You are giving so much game in this video, thank you so much for sharing this information.💚💚💚💚💚
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
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
What if I'm buying my first property under an LLC, would a lender qualify me if I've never used the LLC to buy real estate?
This is the best video that I’ve seen for this topic so far.
Let's say you have 3 properties , property 1 has an LLC. Propy2 &3 you get a trust on them under your LLC. Is this possible?
Thank you so much. I’ve watch many videos on LLCs. I finally understand. Thanks!
Does a quick claim deed makes sense when you buy a property under probate? This would be the 1st property under rental property business LLC
Thank you for telling me it’s okay to have these questions!
A lot of the Fannie Mae lenders won't allow you get the loan in your LLC . So what do I do
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.
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.
This channel is really amazing
incredible iinfo! and put out clear and simple.
Glad you enjoyed it!
Karlton if my LLC is new with no credit etc. Is it better to get a mortgage "loan" in my name then transfer it to my LLC after Ive established myself?
Hello Karlton, I have the same exact question. I recently had to pay $350.00 which includes recordation fees for one the properties that I own.
Let me get me and my team to whip up a video on this one!
Also, feel free to message me on instagram @karltondennis
@@karltondennis same question! Thank you for the valuable content
@@karltondennis I have one property that I pay mortgage on. If I rent the property. do I need an LLC?
@@karltondennis did you and your team whip up a video on this one? Can you please cover in detail how a newly established LLC should add existing rental/investment properties to ones LLC. Also, can you address and or do a video on a land trust vs LLC comments contained in this thread?
And thank you very much!
Series LLCs. Are key.
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.
Some very useful information here. Thanks again
Glad it was helpful!
The info you provide is invaluable!!! Thanks for sharing
If I live in a home for one year that’s financed in my name and then lease it out after that year to apply for a new loan with the same bank, will the bank allow that or do I have to go to a separate bank for a new loan ?
I down Payment 20 % can I buy LLC take Loan with LLC buy house ?
Can the property still going to be shared in case of divorce
It's kind of confusing, so if you purchase properties 50k- 60k and the cost of doing taxes on multiple LLC'S might not be worth it. Then you say each property is worth having a LLC in case of a lawsuit. So if I want to purchase cheaper properties should I group 2 of them in one LLC?
What if your a new investor, will it be difficult to purchase with a LLC if you've never purchased real estate other than buying homes to leave in?
What if I'm a new investor, will a quick claim deed help me buy a property in an LLC?
If you have it, establish any business credit which means the index scoring card would be zero how are you supposed use OPM?
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?
Née subscriber here. Thank you for your clear explanations on everything!
When it comes to real estate. Which is more important? Time in business? Or having a good paydex score?
Karlton never misses
Only at 0:15 and boy you got me hooked!! That long neck clip was has me dying
Thank you for making these videos! You always put things in such a way that just makes sense
its called a "QUIT" CLAIM DEED not a quick claim... loved everything else.
So glad I came across your channel..you are amazing...definitely a loyal subscriber
Thank you so much!!
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
Love the video 👍 and lots of great information. Thanks my guy!!
This man explains things very thoroughly
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
Fantastic video! Much appreciated!
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.
Great video. Loved the inserts they related and were funny.
I LEARNED A LOT THIS VIDEO!
Do you really contend a landlord/ landowner can remain anonymous when in the sights of an attorney??
Do you have any videos on if it is worth creating an LLC internationally to reduce your taxes? And how that would work?
what if you want to use your LLC to buy land for you and your family to live on… not a rental property
What about pure land?