How To Create An LLC For Rental Properties (Asset Protection)
Published 2023-06-12
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"When I set up the structure, one of the things I want to ensure is that the client is put in the positions where they have apparent authority over their limited liability company." 12:08
By creating an LLC for rental properties, you'll have a legal structure in place that will help protect your investment. You'll also be able to access the private equity market, which can help you grow your investment over time.
LLCs are a great way to protect your assets and keep your finances safe. By creating an LLC for your rental properties, you'll keep your money safe, and property owners will be in the hands of qualified individuals. This is a great way to start property investing and protect your assets!
An LLC is a popular way to structure and protect rental property investments. By creating an LLC for your real estate investments, you can protect yourself from liability, reduce taxes, and limit personal exposure to lawsuits.
If you want to start your own rental property business, this video is for you! I'll show you step-by-step how to create an LLC and how to fund your rental property through the LLC.
Watch our video to learn more about LLCs and how to use them to protect your rental property investments.
Like, comment, and subscribe to the channel for more great content like this! Enjoy and share this video with your friends!
Show Notes:
0:00 Intro
0:22 Location
3:32 Types of Entities
4:30 Anonymity
8:00 Creating New LLCs
11:48 Setting-Up
17:05 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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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.
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All Comments (21)
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Join us for our next Free Tax & Asset Protection Workshop Live stream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/945123
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This is the only video after watching a TON that addressed how to setup the management structure correctly...thank you
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this is s MUST SEE for people learning about real estate investing! thank you so much for clarifying all the points in this video!!
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Outstanding job Gents!
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This has clarified the questions i have. Thank you so much!
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Clint you’re great. Thanks a lot!
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Thank you for video!!
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Thanks for the great information
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Your info is always greatly appreciated.
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You a legend !!!! Thanks
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How come you never talk about setting up an LLC in New York? I would love some information. I love your videos, I’m so happy I came across them.
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Great video as always! Could you explain how the Unrecorded Deed works to limit transfer tax if your property is in PA?
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Good afternoon coach Clint
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Excellent information, thank you! Please advise how not to trigger transfer tax moving property from the owner names - husband and wife to a SM LLC, property in Pennsylvania. Does the transfer to a land trust in PA sill triggers transfer tax in PA?
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Clint, what type of LLC do you recommend to set up for property in the state of VA?
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Thanks for posting Clint. What type of LLC do you recommend for residential rental property in Indiana?
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@ClintCoons I have watched quite a bit of your content. I am looking to purchase first rental in Texas. My understanding of your approach is to setup WY LLC with my wife and I creating a partnership (plan to add to portfolio), then create TX Series LLC. Purchase first property in our names, place in a Land Trust then move property to TX cell. If I have fully understood your recommendations? I have the cash to put down 25%-30% of down payment, but I rather put as little down as needed. Any recommendation on financing option? Great content!
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Thank you for such great informative videos! How would you set up an LLC in NY or NJ?
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Thanks for this video. What if I had property abroad e.g. Thailand? What structure could be best for tax purposes?
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Final question. The WY-LLC would you elect it for s-corp taxation if your doing more traditional sales out of the operating LLC? For real estate it may not make sense. But for companies with traditinal cash flow the s-corp election would be beneficial?
