Best Entity for Investing In Real Estate - (LLC, Land Trust or Corp?)
ฝัง
- เผยแพร่เมื่อ 17 ก.ค. 2019
- Best Entity for Investing In Real Estate - (LLC, Land Trust or Corp)
*~ Claim Your FREE 45 min Strategy Session NOW! 👉 aba.link/d5db27
If you're in real estate, you better be dealing with somebody who actually owns real estate and understands the nuances, otherwise, they're gonna read out of a book or they're gonna readout of a case and they're gonna try to tell you to do something that may not be practical at that time, 'cause it is fluid, it moves around.
🚀 Ready To Take Your Business To The Next Level & Get A Detailed Risk Assessment To Help Protect Your Personal and Business Assets From Lawsuits?
20 years ago you could close a commercial property in your individual name. You can't do that anymore after the big fiasco in 2008, they don't want to be exposed to your personal stuff, and so almost always if you're dealing with a commercial property you're gonna be closing an LLC.
This is absolutely the case 'cause if you have the financing they will not even do financing any more for the individual. You'll be a guarantor, but they'll almost always make it be an entity. So this is really important because little distinctions like that can have a major impact on your planning.
📺 WATCH the video to learn how to Preserve, Protect & Prosper!
00:00:52 - Knowing who you're dealing with when it comes to real estate investing
00:01:18 - closing with commercial property
00:02:22 - intermediary entity to mitigate the risk of having that note called due.
00:03:11 - the land trust is number one, people misuse them, they don't understand exactly what they are.
00:06:01 - Buying and holding using an LLC which stands for limited
liability company.
00:06:14 - An LLC exists for state law
00:10:41 - 00:10:46 - Land trust plus an LLC for rental real estate
00:16:25 - 00:16:31 The corporation a tax designation, so
I could be a corporation [00:16:34.02] or I could be an LLC
taxed as a corporation.
00:16:49 - Active real estate
00:16:55 - wholesale
00:16:59 - flips
00:17:03 - real estate agent
00:18:38 - LLC and 1031 exchange
00:18:52 - LLC taxed as a corp
00:18:57 - flipping properties
00:19:06 - buying and holding property
00:20:46 - LLCs for the holds
00:20:51 - S corp for your flips or possibly a C corp
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
aba.link/subscribe
~~~~
FREE REAL ESTATE INVESTMENT STRATEGY SESSION
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/d5db27
FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq, and Toby Mathis, Esq. at our next all-day free Livestream from 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: Save Your Seat: aba.link/023299
TAX TUESDAY LIVE
Toby Mathis, Esq. and Jeff Webb, CPA will answer ALL your questions LIVE on Tax Tuesdays every other Tues 👉 aba.link/91e4f7
OTHER ANDERSON ADVISOR EVENTS
~~~~
FINANCIAL PLANNING & TAX RESOURCES
📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 aba.link/IIWbook
Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 aba.link/tobyshop
Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 aba.link/tobyaba
~~~~
FOLLOW US:
Instagram: aba.link/instagram
Facebook: aba.link/facebook
Twitter: aba.link/twitter
LinkedIn: aba.link/linkedin
TikTok: / tobymathisesq
~~~~
CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice. - แนวปฏิบัติและการใช้ชีวิต
![LISA - ROCKSTAR (Official Music Video) REACTION [SHE'S BACK!]](http://i.ytimg.com/vi/QBxE30vavMQ/mqdefault.jpg)
Sign up for a FREE 45-minute consultation to receive asset protection and tax-saving tips. 👉 aba.link/d5db27
Great Land Trust assig be to LLC. will use?
thanks for i dotax sesignatuo. labs trust.
I’ve been researching these different entities for months now and your video is by far the most clear, comprehensive and informative one I’ve come across. Thank you so much! And your right, just like any real estate agent or accountant you work with, your legal advice should come from someone who is also an investor.
This level of competence is not on every corner.....I just assume fly him out and give him everything
This is life changing information!! I know people who spend thousands of dollars for the information you're giving for free! Thank you for the level of value that you're giving!
Really nice to know you're getting tremendous value from our videos. Thank you for taking time to watch and comment.
"If you ever say limited liability corporation in my presence, I'm probably gonna make fun of you" = Pure Gold
With such a straight face hahaha
Un yytu tho u you u yo tuuu
I cracked up at that. Also the comment about "depending on what you're into...". I could just imagine what was running through his mind when he said that.
Thank you Toby. I live in Clark County too. Thanks for being a strait shooter and not filling your videos with fluff. Amazing job with great info. I really appreciate you helping us with this informative video.
That was the most informative youtube video I've ever seen. Clear, concise, direct.
I have been reading and watching videos for a week now- and this video answered most of my questions. Thank you!
Thank you for the great educational session, which was done with a good amount of detail and nuance. You make me want to go nerd out more on this topic for sure now, it’s so good when you have someone like you and your partner giving great value in a video like this. It’s rare, so thanks again.
Thank you for the simplicity of this information.
Absolutely love this channel so very informative and simply explained.
By far the most clarity I've received on corporate structure. Thanks
Love this! Scheduled my consultation with you guys here in Las Vegas as a bday present, I owe it to myself to learn more about this
Great video! This answered my questions about keeping my name off of the public records so kids mom can’t take me to court for more $$$ (land trust) as well as still staying protected personally (LLC)!!! Thanks so much! Subscribed! Notifications:ALL!!!
wow man - seriously - speechless the knowledge, wisdom and just straight to the point easy to follow saved ten lifetimes worth of mistakes !! thank you brotha !!
Love the luggage example. Perfect
Absolutely fantastic information, an excellent and highly knowledgeable gentleman... thanks
Wow you are amazing Sir. Thank you for sharing all these insider tips.
Excellent!!! Thank you
As an experienced traveler, your shaving cream analogy was spot on! Mine tends to be the cologne all over toothbrush, bleh.
Thanks for incredible advice.
This video is on point!!! This video should have more views...this guy just explained the entities so easy a 5 year old can explain
By far one of the best videos this year! Thank you sir!
Amazing
Great explanations. Very helpful. Thank you.
Thank you I was taking with my attorney and my account. About the same things. And I learned a lot more information from you thank you
Thanks, you're GREAT at this!
Thank you so much. Perfect timing for me.
This was so informative I had to the Like, Subscribe & notification buttons lol thank you sir 🙏🏾
Always excellent job!
Great video. I’m going to have to watch it multiple times to remember it all but very helpful. 😆
Best information I had ever watched. This video should have a million viewers
I have been scouring yours and clints videos. Looking for this exact piece of information. So glad I found it. Land trust > instate LLC > Wyoming LLC. Nice
Great content ... Thank you..
Why Does this video not have a million views? Great Content Thank you!
Bryce Lane not many people with the mindset
Because only 10% of people are rich and this is the reason the other 90 are poor.. they spent time reading sense less info.
Toby, you explained that very well. Thank you!
Thank you for the positive feedback. Don't forget to subscribe to our TH-cam channel.
Wow ! 😊 thanks Toby!! This was super informative!!
This is great I’m in Henderson thank you for this information!!
Thanks for this info
This was very
Informative
Best explanation I've heard thanks
excellant!! info i was sued by tenant judgement in my name i switched out property in time , they still tried to attach to my building BUT!!! reached statue of Limitation , but still i had court & attorney cost!!!!as they tried this video is soooo helpful i will be consultaing with you soon
Thank you Sir. God bless you!
Amazing. Learned a lot
You are incredible, God bless you.
Thank you for this information; I do understand.
Thank you for the great content. Still a bit confused though. How does the land trust get to hold the title without the mortage company knowing that the Rental is now in an LLC. What are the steps we need to follow?
Amazing content!!!!!
Your great at what you do! Thank you for for bringing your insight public
We appreciate hearing that!
Nice!!! 👍 Well done, ⭐🥇Toby. Even a child can understand it, we Loooove!!! The way you explain stuff's.👍👏
Wow I learned so much from your video , thank you Mr Toby
Thank you for a such information class. In which older should I married the land trust to the LLC? Is there a particular order that they need to be established under?
Absolutely fantastic content. I have heard bits and pieces of this from professionals but never layed out like this. It is a little bit overwhelming though, what would the next step be, seeking out a lawyer locally?
Great info
Thank you. Question if you have an pure irrovocable business trust set up would you set the land trust-LLC and put them into the business trust?
Great video! The protections of an LLC are very good as you describe. The privacy protection isn’t as strong as one might think. If someone is going to come after you for liability or other financial gain, it won’t take a PI long to figure out what you have control or access to.
Yes, funny how an "attorney" pushes for an LLC for each property because he stands to profit immensely from forming them. And, a quick look in a county's public records will find the current ownership (maybe an LLC or Corp) and Bingo, likely the previous transfer shows the true owner for the residential real estate. In a liability lawsuit a court can pierce a corporate veil quite legally to boot. Oh yeah, lets talk about the self-employment taxes you'll be paying by switching your income from Schedule E to Schedule C...
I am basically clueless to all this, but you are really helping me to sort things out. This is great information and THANK YOU!
If you ever have any questions, please consider registering for a strategy session with our company. 👍
Wow...thanks for the info.
I have a few questions for you:
Does there have to be a physical person as the trustee listed on the land
trust if you name it "Main St Trust"?
Does having a land trust remove the complication of the lender's concern
regarding the 'residental' loan (conventional loan) for the LLC?
NOTE: My lender is stating that I cannot have an LLC on the property
Do you have to inform the insurance company of the LLC and/or Land Trust
in order for them to protect the property sufficiently?
Does New Mexico acknowledge land trusts? I heard that California does not....
Great content! on a land trust, can the grantor assign his beneficial interest to an LLC, even if the manager and/or member of such LLC is not the grantor himself? Also, would the property's insurance company have any issues with this type of transfer, since the the grantor does not have a beneficial interest and is not part of the LLC? Thank you!
13:20 pertinent information. Toby, you're my new entity tax attorney!
Great content!
Finally the video I was looking for. Super well explained. I wish to have the option of multiple likes. Thanks a lot.
Glad it helped!
Very Informative THANKS 😀
Thank you for watching!
Great Content!
Awesome information! Thank you for sharing it with all of us... you got my like and subscribe as well...
Thanks for the sub!
Awesome presentation. A couple of questions:
1- Is LLC still the best entity if property is all paid off ?
2- LLC seems to help with a) Liability Protection and b) Avoids double taxation. But is it also helpful for estate planning for parents wishing to pass ownership of their property to their child(ren) ? I read something about "member's shares" in this regard.
Thanks in advance. (from California with love :-) ).
Thank you Toby, very informative video, well done. I wish I could find similar information for Australia, back to the search.
Thank you! We hope your search goes well!
Thank you very much for sharing very useful education. We appreciate your generosity and caring! May you and your team members be abundantly blessed!🙏😃
Thank you!
From Toby's example of putting in multiple bids at about 12:30, he sets up land trust for each (accepted bid) property & names the trust as the address of said property?
Thank you
Why do you think the s-corp or c-corp would change being required to treat the properties as inventory?
It won't - it will just keep you from being treated as a dealer personally and give the corporation an opportunity to offset the income.
One of the most valuable videos out there for real Estate investor
Thank you! We appreciate your comment!
This structure is absolute genius..
I love this! I wish there was someone here who knows this in Wisconsin!
We do operate virtually in Wisconsin.
Separate LLC for holds and S Corp to flip. Thanks man
The fact you can dumb this down to the point a child could understand tells me how much you really know your stuff 👍🏿
Thank you for all the information you've provided. May ask? I'm a resident in NY and I currently have an LLC that has cash there ready to invest in a real estate property, I am looking to purchase a property in Philadelphia, PA can I still open a holding LLC in WY, have it own the NY LLC and purchase the property in PA or should I open the holding LLC in WY, open an LLC in PA and purchase the property?
This guy is amazing.....
Great video !!
Thanks for the visit!
This video was very well done. Clear, concise and zero fluff. Thank you
Thank you! We are glad that you found it helpful!
I would rather watch this than the super bowl - keep posting!
You got it! Thank you for your comment.
Can you please make a video on tax strategies for high income earners (nt biz owners, just W2 folks). Is setting up a sole prop LLC to manage family expenses a good strategy? Any others? Thanks a million in advance!
You can't set up a LLC to manage family expenses. Those are not business expenses. You need to start a business, which can lose money for 7 years
Can you refer me to a attorney in California who knows all of this information and who also knows how to do whole sale closings, wraps and subject to?
How does this impact estate planning?
What about renting farmland how would I protect myself with other people's land that I have leased?
What about avoiding probate after death by using a living trust. How would that be connected or used. Can be revocable or irrevocable tust right?
0 dislikes, I love it
Thanks for the great video, I am wondering if a property used for an air bnb, generating income would be considered “active” according to the examples in your video even though I am holding it and therefore best in an S-Corp?
I think that would still be a buy and hold rental property. Active is more pertaining to the amount of time you plan to keep the property.
Hey Toby, In your video you said that if the property is not carrying any debt then go ahead and use an LLC direct to take title. Could a person still use the land trust and an LLC on a property that was debt-free?
I am opening up Real Brokerage in California. If I am just starting out would you suggest a holding company in Wyoming and the Broker LLC in CA? Or is that not necessary for just starting out? If I do just the 1 LLC for now is there any benefit to forming the LLC in Wyoming vs California? Would the charging order protection work without the holding company in court? In about 2-3 yrs I plan to do a Wy holding LLC because I plan to invest in rentals/flips.
Good information, now does each LLC (property) should have an independent WY LLC ?
Please advise.
Thanks,
Rad
If you have an C Corp and have a lot of cash in it, because you are trying to avoid the double taxation, how do you overcome the extra taxes that may have to pay for holding too much cash in the c-corp? On top of the flat 21%
Should you put one land trust per llc or can you have one land trust and do an llc for each property???
if you are holding the rental in a land trust which is owned by the llc, in what name do you collect the rental income?
If your in Texas and the rental property is still under your name with the homestead exemption value would you still use a land trust and then put it into an llc?
Fantastic
Great info!
Thank you!
@@TobyMathis No problem. You guys are a wealth of valuable info. Much appreciated!
Man!!! I'm learning. Thank you! Toby, thank God for you, may God continue to bless you.
I know you are located in Las Vegas, but do have any information concerning the formation of land trust in Az? I have read that they are not recognized here!?! Want to use this strategy to move a home with a mortgage into an LLC, but not sure it's possible here.
Hi Toby,
With respect to the land trust can the beneficiary and the trustee be the same entity?
thank you so much
Thank you for watching!
Purchased my personal residence 10 years ago. For some reason the transaction was published in local newspapers, along with my name and home address. Same info also appear online through the news websites. How can LT or LLC help with anonymity in this case?
If I could give you 2 thumbs up I would...only could do 1. I am in Arizona are you able to help from Nevada to set up a Land Trust & LLC for our one rental? I see your "schedule a 30 minute strategy session". I am guessing this is to discuss details of what we have and what we foresee as it relates to prospective property ownership? It would be great to know the cost for setting a Land Trust & LLC up in Arizona, in addition to ongoing state fees, tax consequences etc.
We set up entities and land trusts all over the country. Our advisors can give you everything you need in terms of cost and tax consequences to your business.
I wonder, if you already have a rental home in your name, and then put the home in a land trust, does that give you anonymity, or would a search still show you as the previous owner, and an attorney would still infer that you remain the current owner?