Do Landlords Need an LLC for Rental Property? | Daily #20

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  • Опубліковано 9 лис 2020
  • www.biggerpockets.com

КОМЕНТАРІ • 20

  • @JadeTrading
    @JadeTrading 3 роки тому +5

    Thank you🙏

  • @amandarae8835
    @amandarae8835 8 місяців тому

    My question is what if you’ve already done everything wrong? Single person LLC is considered pass through on taxes the same as a sole proprietor. If you pierce the veil between business and personal the llc is void. So how can someone who started with personal property turned rental property protect themselves? Insurance?

  • @eyeswideopen4628
    @eyeswideopen4628 2 роки тому

    Yes they do!!

  • @jordanaubrey-realestateinv334
    @jordanaubrey-realestateinv334 3 роки тому +6

    Thanks for dropping gems. I've definitely enjoyed this ive got all of my properties in a llc but going to make some changes after watching this.

  • @InvestersEdge-lm6zl
    @InvestersEdge-lm6zl 9 місяців тому +1

    What if you cant provide a buisness address , do you use your personal address or do you just use the property address and hope no mail goes to your tenants

  • @starr8111
    @starr8111 3 роки тому +9

    1. Should i use an umbrella llc?
    2. What state should i file in?
    3. Should i have a separate llc for flipping
    4. Should i file in Nevada or Wyoming

    • @kylejoyce
      @kylejoyce 3 роки тому

      Let me know if you find these answers

  • @RaSxILLMatic
    @RaSxILLMatic 3 роки тому +2

    Thank you for the information

  • @russlea6383
    @russlea6383 2 роки тому

    What level of net worth does an LLC benefit?

  • @sironeil-personalfinancere9367
    @sironeil-personalfinancere9367 3 роки тому +7

    Great timing of this episode. I am trying to decide if I need to do this

  • @tashajones2427
    @tashajones2427 Рік тому

    👍

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting 3 роки тому +14

    An LLC or no LLC... the real question is “Why haven’t you hired a good tax advisor and lawyer yet?”

    • @AberrantArt
      @AberrantArt 3 роки тому +3

      What do you look for in a CPA or Lawyer? I assume you don't just google CPA and pick the first one.

    • @InvestAndGrow2020
      @InvestAndGrow2020 3 роки тому +5

      Casey you’re everywhere!!

    • @walter_white4953
      @walter_white4953 3 роки тому +1

      @@AberrantArt know the questions to ask them. Ask around. Get some free consultations. Once you find a good one don’t just give up looking for one. Keep looking every quarter or so and see if you can find someone better.

    • @AberrantArt
      @AberrantArt 3 роки тому

      @@walter_white4953 thanks. Do you have any links to blogs or videos on what questions to ask them and ways to see who is most qualified?

  • @AlanCraft55
    @AlanCraft55 6 місяців тому

    LLC

  • @Mrandycookies
    @Mrandycookies 3 роки тому +2

    BRUH ITS TUESDAY
    loved this video tho