California Investors - Save Thousands on Franchise Taxes - Wyoming Statutory Trusty (Real Estate)

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I don't know how you only have 75k subscribers. You are the only one out here actually giving great info!

What are annual maintenance costs for: - Each Land Trust for each property - Each Limited Partnership - The WY LLC that functions as the Holding Company - The WY LLC that functions as the GP - The WY LLC that functions as the Trustee (guessing it's the same for all WY LLCs) - The CA LLC that functions as a Property Manager ? Thank you for your invaluable videos.

Thanks so much Clint !! Very detail and informative!!

This one was a mind melter.. such great info. Thank you!

All of your videos are pretty impactful but this right here is game-changing planning information for investors in CA!

I am a California resident- native. I have made a nice return since the 70s. I have sold my primary residence. Converting my weekender to my primary.. Trying to sell my commercial and residential. rentals. Did a 1031 exchange for a condo i Ohio. My daughter sold her salon in Orange County, moved to Ohio, living in my condo for now, starting a new salon. My wife and I are looking for a residence in Ohio. Other daughter who had a astonishing job in Beverly Hills working for a management firm for high end clients has moved back to Ohio. OBTW my 4 kids are OSU grads. People are leaving California in droves. Cliff only touched the tip of the iceberg re California, Dealing withe the state and local “mafia” is incredible. ON MY WAY OUT TO OHIO.

Hi Clint, Thanks for the new information. I noticed that in this presentation there is no Holding Company LLC (Wyoming?). 1) How would I use this new 'flow' of entities to end up being owned by my Living Trust, which would also hold my liquid assets? 2) Also, no need for Land Trusts here? Thank you in advance

Thanks for the great info. for CA investors!! We have a disregarded WY LLC that will serve as the GP for the 3 LPs we will set up. How would this be structured with the 3 Land Trusts we also plan to set up? How would the CA LLC be structured? Will any of these transfers affect the Prop 19 property tax changes happening soon? Thanks again for all of the super informative videos.

Very interesting and useful information. My question is where should I form disregarded LLP if I am a resident of Ca and I have a property in Georgia.

Hi Clint, Thanks for the content. Could you establish a management corp in California and lease your out-of-state properties to it via a lease agreement with the corresponding out-of-state LLCs holding that real estate? Then only the management company would have to pay the franchise tax?

Clint, great video as usual. What is the preferred partnership percentage between the limited partner and general partner when holding a Limited Partnership? Is it more like 99% for the limited partner and 1% for the general partner or does it not make a difference?

Hi Clint! Thank you for such a great explanation! I have 2 questions though. 1. With multiple LPs and one LLC - should this LLC be created in California or other state? 2. When I rent my property to a tenant or list it on airbnb - should I do it as LP? Thank you again!

Great video! My question is does the LLC needs to be set up in CA? Then, the Franchise Taxes will apply to that LLC right?

Brilliant as usual!

Thank you for your very detailed and thorough content. Do you have a course with the proper contracts so we can buy to purchase properties Subject to and then Lease option to a sub tenant?

If we ever needed to go to court and got asked why we have such an elaborate set-up, what is the correct answer? Is "It was for asset protection" a correct answer? I'm guessing that something like "I like to embark on different business ventures" might be more appropriate.

Hi Clint- awesome content!! Does this strategy still hold true today? I thought I read ALL LLC’s, LPs, etc are now subject to the $800 fee.

Thank you for the best content on the subject! What about putting assets into trusts, and then assigning those trusts to pass through single member WY LLCs that are owned by manager managed WY holding company which is owned by me? None of the LLCs even have a bank account and doesn't engage in any activity, only holding assets. If trustee of those trusts isn't the same as the beneficiary, will California want $800 for each WY LLC in a structure like that? WY LLCs aren't doing any business in California, trusts are, LLCs are only holding assets, so why California would want the money? Am I missing something, or would that work?

Hey Clint, I live in Michigan but am wholesaling virtually in California. I use the LLC method of selling the membership at closing as my exit strategy to avoid closing costs. My escrow agent gave me some good advice telling me I can file the LLC in Michigan which only costs $50. Last I heard it costs $900 in California. My question is do I have to file a foreign LLC in California on top of the domestic LLC to stay in compliance with the law?