Current real estate investor buying through my LLC. Currently have 7 units and am looking at another property that will give me 14 units and will double my monthly rental income. 🙏
@@LYFEAccounting Thank you. Anyone can do it! I’d recommend that people read as many books as they can on real estate and investing, watching informative TH-cam channels such as this one, talk to realtors and property investors in your area to gain info and insight, and to learn everyday. Knowing as much as you can about money, interest, investing and minimizing tax liability are hugely important. Have a good contact at your local bank. Be as involved as possible with every aspect of your properties. Good debt is highly useful but bad financial moves will break you. Just make progress everyday. Do something daily to move yourself closer towards your ultimate goal.
As of now I have two rental properties, but I still consider myself a novice investor right now still learning and growing so yes the videos are extremely helpful. 👍🏾🔥
Rookie investor here! This last year has been 1 for the books for me. Some education and boots on the ground is what it takes.. everyone in the comments will do great.
@narayan hill 🤷🏻♀️ I can be someone’s biggest cheerleader, but when it comes to me doing it, I back down! And I’m tired of working for someone that pays chump change! Lol. How is your investment going? Any tips?
@@tylerspivey9639 First step I took was to reserve my business name with the state (you don't need to take this step but I did). I completed the online business registration through my state website weeks later. The LLC was successfully registered within two days after applying. If I did it all with no breaks in between, I estimate the process to take two weeks or less. I would encourage anyone to spend time researching the process on their state’s website first - do it for knowledge, and understand your state’s guidelines. Well worth it for me. 😊
Aspiring real estate investor. I was literally about to set up a LLC, but this video has given me much needed information to research more before I dive in. Thanks.
I’m not a real estate investor, however I’m looking to purchase farm land for my business and I’m finding it extremely challenging to get a mortgage as an entrepreneur 😣 Please do more videos on buying property, mortgages, etc! Really appreciate the gems ❤️
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
’ Sonya Lee Mitchell, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
New to the real estate market and attempting to learn as much as I can! I love that you do these videos and I really appreciate the information, so keep going my brother! You are appreciated!
This was really good I currently have 3 investment properties under my name and I’ve been trying to figure out how to transfer at least 2 to my business name. All are rentals and have mortgages my tenants are currently paying my company and the company pays the mortgages ( so operating like a property management company) I didn’t know most mortgages you can have is 4 that’s good to know. Because I certainly don’t want to pay all them off because of the tax advantages but at the same time now I’ve got to figure out how to acquire more properties thanks
I am both. I currently own investment properties. However, I am just now getting into purchasing properties using an LLC. Thank you as this video was/is extremely useful and informative.
An aspiring real estate investor, please continue with the videos they're very helpful, and informative of important facts about the entrepreneurial business matters. Thank you
Thank you!!! ***Edit*** was still listening when I commented my appreciation. You answered some questions I've had for a month or so. Praise GOD your video popped up in the 'suggestions". Thank you again!
I have a LLC at the moment, construction company. I am currently starting the process of creating an umbrella LLC. I am looking into opening another LLC for real estate investment. Big goals but I'm passionate and like my first business I'm sure I can do it. Thanks for the tips in your videos.
Wow! To everyone involved in this channel, thank you! This is the clearest information given next to Dave Ramsey. Thank you so much for providing such details, easy to understand and professionalism. I have been sharing this with many. One thing that I appreciate is that you do not go so negative or get into politics, blaming the economy, but you stay empowering with knowledge to move forward and prosper.
Thank you soo very much for taking the time out to explain this in the most understanding, professional, detailed, clearest way. I am a first time home buyer and very much interested in real estate. So I'm trying to learn any and everything I can. Your video was the first video I came across that was very informative but I understood everything. You had me sit up and pay close attention. Thank you again
YES, I inspire to start a LLC with hopes of purchasing REAL ESTATE properties. Bless you and your colleagues for all off the excellent knowledgeable information that you are sharing.
Im an aspiring property manager and want to get into real estate investing. This was truly helpful. It gave me a lot of ideas and options for when I do start the journey. I have my own travel biz LLC as a massage therapist but want to start a property management company too.
ASPIRING TRADERS SHOULD FOLLOW AND MIMIC THE MENTAL TRAITS, ATTITUDE, BELIEF SYSTEM AND TRADING PROCESSES OF THOSE SUCCESSFUL TRADERS AND INVESTORS THAT HAVE WALKED BEFORE THEM
This was so well-said and informative. Thank you, I learned so much. And thats quite a bit for a person who skims through videos, but yours was very good from start to finish.
Aspiring 🙋♂️ my current CPA couldn't really educate me so I've studied and started an LLC (different businesses) and restructured my financial strategy for more passive income
@@LYFEAccounting that was a typo lol. Just one business LLC. It's apparel, with target audience on equality and mental health with % of sales going to charities (501c). Been learning on my own. I had already reached out to my employee assistance program for references to learn how to build a real estate LLC... by the power of my phone spying on me, your video comes up today 🤣😂
keep the videos coming. I own my duplex. Want to own a farm with 60 acres. down payment is 100k. I have an LLC that manages my short term rental business in my duplex. my plan is to sell my duplex to my LLC, that way i keep the cashflow coming, and use the funds from transaction to purchase farm.
Current investor of one single family rental. Banking is all set up under an LLC. The rental is mortgage free and title needs to be transferred to the LLC, ASAP. Looking to buy another property under an LLC soon. Your information was helpful THANKS
How did you form the LLC? Was looking to do this as well under an LLC but I wasn’t sure if the LLC had to be set up a certain way to be able to purchase/ own the property. Do you need an umbrella company or can you set it up for real estate investing. If so would the tax be higher?
![[UNCUT] เก็บ "สจ.โต้ง" เอี่ยวมาเฟีย รู้ตัวคนบงการ ก่อนสั่งลั่นไก I คนดังนั่งเคลียร์ I 13 ธ.ค.67](http://i.ytimg.com/vi/o-J_p62D40w/mqdefault.jpg)
Watch this next: "How Many LLCs Do You Need for Real Estate Investing?" - th-cam.com/video/aLMlGgbnMUc/w-d-xo.html
So true
@@franknewbill5226 I am a real estate investor I have three four properties
@@staceyharley8314 how do I get in touch with you
Planning to own at least 10 properties before I turn 30
How old are you now?
@@LYFEAccounting 25
do you have any properties now?
@@LYFEAccounting just one! single family home
Love it, but it is definitely possible. Best of luck with your future investments
Current real estate investor buying through my LLC. Currently have 7 units and am looking at another property that will give me 14 units and will double my monthly rental income. 🙏
Wow, Brian this is so awesome! You are an inspiration to so many, so I had to pin this comment.
@@LYFEAccounting Thank you. Anyone can do it! I’d recommend that people read as many books as they can on real estate and investing, watching informative TH-cam channels such as this one, talk to realtors and property investors in your area to gain info and insight, and to learn everyday. Knowing as much as you can about money, interest, investing and minimizing tax liability are hugely important. Have a good contact at your local bank. Be as involved as possible with every aspect of your properties. Good debt is highly useful but bad financial moves will break you. Just make progress everyday. Do something daily to move yourself closer towards your ultimate goal.
this is amazing!!!! GOALS
@briane.buxton3076 how do you buy through your LLC?
hey @bebin73 do your mentor?
Always amazing free content! I literally paid for workshops that took 5hrs to explain what yall do in 15mn 💚
I'm an aspiring real estate investor. I love your content!!!
I know this is off the topic but damn you #fine 🤤
And funny too. REALLY.
I am a rookie, Real Estate Investor. Your videos are very helpful and informative.
I appreciate that! Thanks so much for sharing
As of now I have two rental properties, but I still consider myself a novice investor right now still learning and growing so yes the videos are extremely helpful. 👍🏾🔥
Newbie RE Investor here! I've been in analysis paralysis for so long! Time to make some moves!! I have my LLC set up and EIN. Progress!
Finally someone who explains the concept very well and someone who is to the point! Thanks a lot for this!
Glad you enjoyed it!
Rookie investor here! This last year has been 1 for the books for me. Some education and boots on the ground is what it takes.. everyone in the comments will do great.
Thanks for sharing!! How many properties did you acquire last 12 months?
@@LYFEAccounting at the time of me posting that my previous comment 5. To date 13 single family homes
@@0309jph wow, look at that! you are growing!
Just got my LLC for real estate investing this month, this video was crystal clear appreciate this bro 💪🏾
@narayan hill how is it going? I’m looking into doing this, but I’m scared of failure 😣
@@MsGvill Nooooooooo, that's not an option!!
@narayan hill 🤷🏻♀️ I can be someone’s biggest cheerleader, but when it comes to me doing it, I back down! And I’m tired of working for someone that pays chump change! Lol. How is your investment going? Any tips?
@@MsGvill Still working on buying my 1st property, everything is pretty expensive right now but I do have all my funding together for when its time
@Narayan Hill that’s amazing! Good luck!
I’m an aspiring real estate investor and recently registered an LLC. Super helpful information on this channel! Thank you!
How is the process of getting an LLC ?
Easy as 1,2,3 go on legal zoom and don’t buy all that extra like EIN it’s free and only takes 5min. Legal zoom will charge $380 for there services
@@tylerspivey9639 First step I took was to reserve my business name with the state (you don't need to take this step but I did). I completed the online business registration through my state website weeks later. The LLC was successfully registered within two days after applying. If I did it all with no breaks in between, I estimate the process to take two weeks or less.
I would encourage anyone to spend time researching the process on their state’s website first - do it for knowledge, and understand your state’s guidelines. Well worth it for me. 😊
@@darrellg541 That’s right! Took me about 15 mins for EIN registration. lol
@@michelewebster2382 okay thank you, that helps appreciate it.
Aspiring real estate investor. I was literally about to set up a LLC, but this video has given me much needed information to research more before I dive in. Thanks.
Hello. I Am A Current Investor. I Love Your Videos. Keep...Them Coming! Thank You For Sharing!
I’m not a real estate investor, however I’m looking to purchase farm land for my business and I’m finding it extremely challenging to get a mortgage as an entrepreneur 😣 Please do more videos on buying property, mortgages, etc! Really appreciate the gems ❤️
Thanks for sharing!! I love what you are doing, so many great long-term advantages and benefits. Best of luck to you!
Yes please! More videos like this please! Multifamily, flipping, managing investments you DID NOT buy under ur LLC 🤗 ALL OF IT!
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
Mind if I ask you to recommend this particular coach you using their service?
’ Sonya Lee Mitchell, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
New to the real estate market and attempting to learn as much as I can! I love that you do these videos and I really appreciate the information, so keep going my brother! You are appreciated!
Thank you, I appreciate your comment. Have you Acquired any properties yet?
I’m a current investor and definitely will need an accountant for next year, LYFE videos are great and helping me through the real state journey.
This was really good I currently have 3 investment properties under my name and I’ve been trying to figure out how to transfer at least 2 to my business name. All are rentals and have mortgages my tenants are currently paying my company and the company pays the mortgages ( so operating like a property management company) I didn’t know most mortgages you can have is 4 that’s good to know. Because I certainly don’t want to pay all them off because of the tax advantages but at the same time now I’ve got to figure out how to acquire more properties thanks
Did you transfer yet...if so let me know the process please
I am both. I currently own investment properties. However, I am just now getting into purchasing properties using an LLC. Thank you as this video was/is extremely useful and informative.
An aspiring real estate investor, please continue with the videos they're very helpful, and informative of important facts about the entrepreneurial business matters. Thank you
Thanks for sharing! Glad your enjoying our videos :)
Inspiring real estate investor
Future real estate investor here! Thank you for the tips !
Thank you!!! ***Edit*** was still listening when I commented my appreciation. You answered some questions I've had for a month or so. Praise GOD your video popped up in the 'suggestions". Thank you again!
😂”We’re charging you just because.” I’m a new REI. Thank you for sharing this.
I have a LLC at the moment, construction company. I am currently starting the process of creating an umbrella LLC. I am looking into opening another LLC for real estate investment. Big goals but I'm passionate and like my first business I'm sure I can do it. Thanks for the tips in your videos.
You got this! Thanks fro watching.
Wow! To everyone involved in this channel, thank you! This is the clearest information given next to Dave Ramsey. Thank you so much for providing such details, easy to understand and professionalism. I have been sharing this with many. One thing that I appreciate is that you do not go so negative or get into politics, blaming the economy, but you stay empowering with knowledge to move forward and prosper.
I've read this comment over and over again. Thank you so much for sharing and supporting our channel. You get us!!
Thank you soo very much for taking the time out to explain this in the most understanding, professional, detailed, clearest way. I am a first time home buyer and very much interested in real estate. So I'm trying to learn any and everything I can. Your video was the first video I came across that was very informative but I understood everything. You had me sit up and pay close attention. Thank you again
Just completed LLC, currently building business credit. Clear content. Thanks.
I know this is over a year old but this was very clear, precise and extremely helpful..
YES, I inspire to start a LLC with hopes of purchasing REAL ESTATE properties.
Bless you and your colleagues for all off the excellent knowledgeable information that you are sharing.
Thank YOU for your support! You'll get there. 💪🏾
Just turned 18 and made a LLC gonna make my real estate portfolio 💼
I am currently an investor. I am attempting to fine tune my portfolio. Thanks for your video.
Im an aspiring property manager and want to get into real estate investing. This was truly helpful. It gave me a lot of ideas and options for when I do start the journey. I have my own travel biz LLC as a massage therapist but want to start a property management company too.
I'm 32 years and an inspiring real state investor.
I am an Aspiring real estate investor.
I have been trying and working hard to build myself up and be able to do so.
I’m an aspiring real estate investor. Just trying to consume as much knowledge as I can before I start investing. Thank you for your knowledge!
Current investor and have been considering doing an LLC. Thanks for the information.
Any time!
Aspiring investors created an LLC 2 yrs ago then Covid hit an hopeful 2022 will be a great year going forward
I’m new to Real Estate Investing. I’m working hard to acquire my first property.
Yes please continue to make Real Estate video's. I have a LLC & I am a aspiring Real Estate Agent.
I'm an aspiring investor looking to get my LLC started. Love the content thanks!!
We’re a current real estate investor. Please continue to post videos on real estate
I am a aspiring real estate investor looking for information, which I get a lot from your videos.
Thanks for sharing Alex! Is there anything stopping you from getting invested?
Current investor 🎉🎉🎉
ASPIRING TRADERS SHOULD FOLLOW AND MIMIC THE MENTAL TRAITS, ATTITUDE, BELIEF SYSTEM AND TRADING PROCESSES OF THOSE SUCCESSFUL TRADERS AND INVESTORS THAT HAVE WALKED BEFORE THEM
When discussing crypto diversification frequently asked question is whether diversification is even possible
Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements
Cryptocurrency is a very good option if you would like to trade online
@@charleslapson4939
Please enlighten me more about online trade, I need it now
I have Mrs Laura Jasmine if you want to trade online
I’ve previously owned rental property, thinking of getting back into rental property. Thank you for the information you are truly inspiring.
Inspiring Real Estate Investor here! Thanks for the information!
Yes, I am starting my real estate investing journey. And I appreciate this content!
Yes keep dropping. I am a new investor. Sean your good looks! Stop some of us is looking at you like that! Lol
This was so well-said and informative. Thank you, I learned so much. And thats quite a bit for a person who skims through videos, but yours was very good from start to finish.
Aspiring real estate investor... if i wanna purchade more than one property,do i need LLC for each one of them?
This will be my first property. Great free content.
An aspiring real estate investor. I am excited about this video,can’t wait to continue watching!
Aspiring Real Estate Investor. Yes, please bring more content on this subject.
I am just now starting the process. I live in Seattle WA.
Aspiring Real Estate Investor in the first phase.
Aspiring Real Estate Investor, Such Good information , Thank You
An aspiring real estate investor. Very good content and very helpful! You explained it very well! Kudos!
Thank you! I am an aspiring real estate investor. I greatly appreciate your videos. Keep them coming!
Thank you! Will do!
Aspiring 🙋♂️ my current CPA couldn't really educate me so I've studied and started an LLC (different businesses) and restructured my financial strategy for more passive income
You are on an excellent path sir, what kind of businesses do you own?
@@LYFEAccounting that was a typo lol. Just one business LLC. It's apparel, with target audience on equality and mental health with % of sales going to charities (501c). Been learning on my own. I had already reached out to my employee assistance program for references to learn how to build a real estate LLC... by the power of my phone spying on me, your video comes up today 🤣😂
Ahhh okay, well I respect what you're doing alot. Keep it up!!
My LLC is real estate consulty lol! They made some money off of me! Still trying to get it off the ground!! Great videos!
keep the videos coming. I own my duplex. Want to own a farm with 60 acres. down payment is 100k. I have an LLC that manages my short term rental business in my duplex. my plan is to sell my duplex to my LLC, that way i keep the cashflow coming, and use the funds from transaction to purchase farm.
Aspiring to be within the next 6-8 months with my llc. Please continue.
Great session I am an aspiring rental property investor please keep the information coming!
I am an aspiring investor, please continue to make these types of videos. They are very help. Thank you some much needed info
More to come!
Aspiring investor. Definitely lots of good gems in this easy to understand video. Keep up the good work
Please continue on making real estate property videos. Thank you!
You got it!
Please continue to make videos. We are learning so much about BUSINESS MATTERS. THANK YOU.
You got it!
i am an aspiring real estate investor, and this was very informative!
I am a current real estate investor. Thanks for making these videos
Great information. I am currently a real estate investor. It is one of the best things that I have done up to date.
Thank you bro. I’m an aspiring investor who doesn’t have an LLC yet
Aspiring real estate investor with my LLC
I am inspiring to become a real estate investor!
Current investor of one single family rental. Banking is all set up under an LLC. The rental is mortgage free and title needs to be transferred to the LLC, ASAP. Looking to buy another property
under an LLC soon.
Your information was helpful
THANKS
How did you form the LLC? Was looking to do this as well under an LLC but I wasn’t sure if the LLC had to be set up a certain way to be able to purchase/ own the property. Do you need an umbrella company or can you set it up for real estate investing. If so would the tax be higher?
Thank you bro! thank youuuuuuu. Don’t stop this type of content.
Aspiring investor! Keep the valuable information coming!!!!
Currently preparing to take on real-estate flip and fixes
Real estate investor. Thank you for information and please continue to share more!
Thanks for commenting! How long have you been a real estate investor for?
@@LYFEAccounting since 2013.
I am an inspiring investor, trying to learn as much before I start
Aspiring Real Estate Investor!
Aspiring Rental Property Owner😌🥰🙏🙂
Aspiring here. Planning on starting this year on our first property.
Very helpful content, please keep up the great work that you and your team are doing.
Straight to the point bro 💯
Aspiring Real Estate Investor‼️💪🏾
We are inspiring to invest in real estate and have group homes for people with sickle cell disease.
Aspiring to be an investor. Appreciate your channel
I am a current investor in real estate
A current investor. You gave great info. Keep it up.
Just starting out in our real-estate goals, this video was EXTREAMLY helpful...... Thank You :)
Aspiring real estate investor. Thank you for your video. Great information.
I’m an aspiring real estate investor and this video was very helpful. The portfolio loan was news to
me. I never heard of it before.
I'm an aspiring real estate investor. I do plan on getting into some rental properties as well.
aspiring real estate investor. Thank you for breaking it down in simple terms!
Current real estate investor. Thanks for the video!
Good to know, thank you!
I am listening to your video now, and it is helping me to understand what to do
Aspiring investor here. Thanks for the info.
Inspired investor. You are dope keep thriving.
Aspiring investors !!! Good stuff black man you communicated all of your ideas clearly and precisely!
Man, thank you for sharing and supporting 💯
I'm aspiring real estate Investor. Deposit my first savings check yesterday. I'm saving for tax lien property