The reason why I want to start a Holding Company is because I saw the movie the Founder & it made me realize I want a Holding Company & to establish a Franchise Nationwide & eventually throughout the World.. Great video!
I must confess, this is quite educative. Hope you don't mind answering a few questions. 1. Assuming Tom owns the real estate already and does not need a loan from the bank but wants to set up a holding company for proper structuring of the business. Can Tom set up a holding company then, lease his personal assets (such as land, building, etc) to his holding company? 2. Wouldn't it be weird having Tom's signature everywhere? Cause I'm finding it hard to wrap my head around what such legal agreement would look like ( assuming question one is in the affirmative). I mean it would give Tom the opportunity to write the terms of agreement giving him total control of the entire business. 3.Assuming all the above questions remains in affirmative. Is this not the pathway for the creation of monopolies? In the case of Tom, a family business monopoly!
I found this to be very instructive overall, but must point out I restarted twice after 3 mins listening. Cause you mentioned "LLC" so many times without giving the least clue to its meaning! Until I stopped your delivery to find out - it was a concept I'm fully aware of, except I never called it by its initials ( L. L. C). Else, I loved your compact delivery - hey, you are very lovable too, my dear!
No possible way for me to please everyone! You thought it was compact, tons of people thought it was slow! just gotta listen to my soul... glad you got something out of it!
I want to farm separate businesses for selling items we create, buying from Alibaba to sell on Amazon , a youtube business as a media company. and rental real estate could that all be under one holding company? it will take me years so can more companies be added in the future?
hi Amanda, im in south Africa and types of businesses description could be different. but this is what i really would appreciate your help on, i want to start a holding company...but i would like to know how to really separate it from the rest while its integrated to all my businesses. ive already started a company where i do advertising of furniture for outlets, im in a process of starting a bakery also its gonna be with a wide range of goods and services, also ill be renting properties... this is how its gonna be..... holding company will be VAX Investments Holding right...under this holdings i want to have VAX Media where decor emporium magazine, my current running business will fall under, and more businesses to come under VAX mEDIA, than its gonna be VAX Bakeries where ill also have vast varieties of products and services than Vax Properties and i want all of them to fall under Vax Investments...and i would like to know this as well, do i need to open and a bank account for each business or is there other way, thank you for your time
Hi Amanda, Thank you for the video! I have recently started a Sole Proprietorship business for retail fashion. I am desiring to also start a makeup line but I want them all under one branch. A beauty branch per-say. Would I be able to have my current business as the holding company? I am a small business growing to be a big business. My thought is I can have my current business name as the holding company and then have separate names for each line under it. Main Business Name - Retail Fashion Business - Make Up Business - Skin Care Business, etc. I hope this makes sense. Can you advise?
Great Video The speed is fine , the information presented is in the best format on youtube, thank you , making this very easy to understand great Job ,,,
Can this same strategy work for purchasing a home? Can we create a holding company and sell the home to a newly formed holding company? Is it like a family trust? How do you setup a Family trust?
First, it can be very difficult to transfer real estate (unless you own it outright) from yourself to a single member LLC, so you always want the LLC to PURCHASE the property from the getgo. Second, having a home to live in for personal purposes is not a business and having it in a business would mean that there is no business purpose, therefore no LLC.... A family trust is an option - but it's quite complex and on my video schedule - do subscribe and you'll see a video on it soon!
Aloha! Fabulous question - typically yes. If it's a legally separate business, then everything about it would be separate. For example, GET would definitely apply :)
Hello, Miss Amanda. This is Rickey. I would like to know one thing. Can a Bookkeeping and Accounting business be a holding company? Please let me know. Also, can also a sole proprietorship business be a holding company? Please let me know about this also. I would like to do better in operating my Bookkeeping and Accounting business in the right way. Thank you so much. I look forward to hearing from you.
Hi Rickey! Great question - it wouldn't really be applicable for a small business. Your accounting and tax services sound like it would be your "operating" company. If you ADD something onto your business that you want to keep separate (such as real estate, like in the video's example), that's when you use a holding company. For context, I would have never made a video about this topic because it's just not really relevant for smaller businesses - but I've done my homework and I know my viewers are interested in it. Holding companies are really used by big businesses with internal tax and legal teams and consultants that are structuring operations and sales and planning for legal and taxes .... So, without having substantial business activities and spending huge amounts of money -- it's just not typically necessary. If anything, having an extra business really becomes an administrative burden for most small businesses. And if you don't keep good records, then it can be as if it the business doesn't exist anyway... The first module in my course goes into great depth about "when and why to use each business type (planning to structure your business)" Let me know if that makes sense!
So if I’m understanding. If I have multiple properties. I would put all the properties in the holding company and collect all the rents, pay expenses, etc in the operating company ?
No, you put each property into an LLC and you are the owner of each LLC. Watch the example at the end, only you have no operating company. The 'holding' companies are your operating companies -- as 'holding company' is explained in the video
Great Video! I just set up a “Holding Company” LLC, my husband and I wanted to creates several LLCs under it or just operate various activities with this LLC. The business is in my name. Any suggestions?
The parent company or holding company is what I have to hold assets, like trade marks, and other LLC's under the umbrella. For conducting business or ventures I have subordinate or operating companies LLC's for the umbrella. Layers of protection and separation.
Thanks for the video. If this holding LLC (ABC LLC) is the sole owner of child LLC (main Street LLC) that holds the title of a rental property, would you elect s Corp for the ABC LLC? The ABC LLC reports to a trust.
No, there would be no reason to form an s-corp for passive rental activity, and in the rare instance that it's not passive it's even less advantageous (especially due to the most recent 20% deduction, if you qualify) .... I have a few videos coming out about the calculation on a spreadsheet template. you may appreciate them... stay tuned! Thanks for the question!
@@businessfinancecoach thank you, subscribed to your channel now. If the parent company is also a single member LLC, does it have asset protection? Will you have any video content on trust in the future?
I own a rental property. I was under the assumption that I would hold property in a texas llc. I would them open a wyoming(?) llc holding company, which would hold the texas llc. Is this correct and does it protect me? Can the Wyoming llc holding company own separate llcs?
@@micolockett252 hi Mico, I think between these 2 videos, it becomes clear. Once you do the holding llc, you can have it hold multiple llcs. ua-cam.com/video/NHeTa61ltAk/v-deo.html
You were doing pretty good until you got to around the 7:30 mark then it got muddy. As you indicated towards the top of your presentation a holding company does not do operations however towards the end of your presentation it seems that you indicated a holding company that owns a building you can collect rent well the collection of rent would be an operational endeavor. A holding company actually doesn't do any operations holds assets and limits liability to the extent provided by law they don't really do any business they just own the stock in businesses which is why they really shouldn't have any liability because they really don't do anything. According to Google: 'A holding company is a parent business entity-usually a corporation or LLC-that doesn't manufacture anything, sell any products or services, or conduct any other business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other companies.Oct 25, 2019'
I have a C Corp. and I have a operating company attached to it as a dba. I did not set the C. Corp up as a holding Company. C Corp is (a) Name Inc. and (b) same as (a) but with a operation or service addiction. Kinda like a John door, Inc and a John door brokage Co. Can the C Corp become the holding Company of the operating Co. If I can will you please explain in video. Thank you
Thanks for the info. I have a question as I'm new to real estate investing. I have an EIN for my holding LLC (in WY), but don't have an EIN for my new LLC (in FL) which will be purchasing property. Do I need a new EIN for that FL LLC that will be purchasing real estate?
if you have more than one owner OR you hire employee, then you need an EIN. If not, you don't need an EIN. EINs are very easy to get and not any big deal... I go over how to get one yourself in my course. you do it yourself here: www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
Chastity I’d recommend getting an EIN for your FL LLC so you can open a bank account and collect rents and pay expenses, do NOT use your personal bank account to do so.
Nice qck simple easy af but the background is too flashy cuz people watch these thing after they come home from work make ur background darker cuz my brightness is min. Still it hurts my eye anyway thanks
I was told to form Holding Company C-Corporation in TX, where I live, then create subsidiary A under Wyoming to hold assets like cash and stocks, which I have no interest in selling, and create Subsidiary B, Subsidiary C and so on under their own LLC to dissolve after each flip that is sold. I need second option especially because I will start out with Hard Money Lenders to fund the flips and need to know the tax feasible direction.
Thank you so much for the information 😊 Amanda Extremely Helpful... I have a question when I structure the Holding Company I not sure what to pick when it ask me if the company is a for profit company or nonprofit company? Thank You Again!
So the Holding Company would have it's own Business Checking Account and be the entity to build the business credit profile and not the Operating LLCs? The rental agreement would also be between the Holding Company and any Tenants? Therefore, all monies would flow directly thru the Holding Co? I want to become a real estate investor and have diff properties under their own LLCs which would be under the Holding Co.
Business Finance Coach - that’s not how it was explained to me yesterday or how the diagrams show it from several others who use this model in real estate. Holding company LLC would be it’s own entity owned by me. Under Holding company LLC, would be LLC A for property 1. Then LLC B also under Holding Company LLC for property 2 and so forth. I did get clarification that the holding company would have its own checking account and so would the subsidiary LLC, but the holding company LLC would OWN the subsidiary llc’s checking account. The operating agreement could also state subsidiary LLC can use assets of holding company as long as the books are maintained.
You didn’t even answer my question though. Thanks anyway. I have what I need because I’m not going to build business credit files for a hundred LLCs only the holding company so money can pass through and holding company will be listed as owner/manager of those subsidiary LLCs
Spenser Frank I found out what I needed. Each LLC would need its own and it would be owned by the parent LLC/holding company. If you want to include in your operating agreement the subsidiaries could use the assets of the holding co. Up to you
What about someone who wants to buy their first building and rent out? What would that would be when setting up? To keep full-time employment separate from my real estate. I am in position to get my first building within the next 12-18 months and want to know the best route to take. Thanks so much 😊
You mean that you want to buy like a residential house to rent out long term? So, you could use a single owner LLC and it would keep the building separate from a legal standpoint - a benefit is that you are NOT separate for taxes, so that you can just report the rental directly on your personal taxes (starting a business won't prevent you from paying taxes in any way, it's just a cost and administrative burden), make sense? You need to make sure that your LLC actually buys the property though - that's a big thing that many people mess up because they think they can just "do it later" (which sometimes is necessary but you should keep this in mind and verbalize it throughout).
Hi mam I am from india Could u suggest me a book from which I could learn THE USA Taxation from basic level. Actually I want to file return of personal tax to start my career as tax consultant.
Hi Amanda i hve 15 rental properties in my name and i want to quit my job and start a real estate company so please should i setup an LLC or a holding Company ??
Your question leads me to believe that you didn't watch the video! Or, I just did not succeed in being clear. They are the same thing/different types of categories....If you have no other business activity, then you wouldn't be forming a "holding company," you'd just be putting your real estate into LLCs -- which some people may still refer to that as a 'holding' company, but renting the building would be the only operations of the business so it's just an operating company. There are pros and cons of doing this. I'll do another video answering your specific question - if you haven't, subscribe to see the answer - let me know any follow up questions based on this information!
Piro Da rapper you better get them properties out of your name ASAP because if someone gets hurt on your property and sues you, they can get all your properties.
put speed on 1.5x
Coming through with the real gems! 💯😎🤘🏽🙌🏾
2.5x*
Robert Lynn lol yup.
i legit did that like 3 seconds into the video
Omg thank you!! That example at the end clarified so much!
The reason why I want to start a Holding Company is because I saw the movie the Founder & it made me realize I want a Holding Company & to establish a Franchise Nationwide & eventually throughout the World..
Great video!
Very good video. This is exactly what I was hoping for in my search!
I must confess, this is quite educative. Hope you don't mind answering a few questions.
1. Assuming Tom owns the real estate already and does not need a loan from the bank but wants to set up a holding company for proper structuring of the business. Can Tom set up a holding company then, lease his personal assets (such as land, building, etc) to his holding company?
2. Wouldn't it be weird having Tom's signature everywhere? Cause I'm finding it hard to wrap my head around what such legal agreement would look like ( assuming question one is in the affirmative). I mean it would give Tom the opportunity to write the terms of agreement giving him total control of the entire business.
3.Assuming all the above questions remains in affirmative. Is this not the pathway for the creation of monopolies? In the case of Tom, a family business monopoly!
I found this to be very instructive overall, but must point out I restarted twice after 3 mins listening. Cause you mentioned "LLC" so many times without giving the least clue to its meaning! Until I stopped your delivery to find out - it was a concept I'm fully aware of, except I never called it by its initials ( L. L. C). Else, I loved your compact delivery - hey, you are very lovable too, my dear!
No possible way for me to please everyone! You thought it was compact, tons of people thought it was slow! just gotta listen to my soul... glad you got something out of it!
Thanks so much! Getting into health insurance and this explained so much!
I want to farm separate businesses for selling items we create, buying from Alibaba to sell on Amazon , a youtube business as a media company. and rental real estate could that all be under one holding company? it will take me years so can more companies be added in the future?
Best bet is to form separate entities for each business and a holding company to be the hub.
Fantastic, thank you :)
Thanks for this video...It was helpful.
hi Amanda, im in south Africa and types of businesses description could be different. but this is what i really would appreciate your help on, i want to start a holding company...but i would like to know how to really separate it from the rest while its integrated to all my businesses. ive already started a company where i do advertising of furniture for outlets, im in a process of starting a bakery also its gonna be with a wide range of goods and services, also ill be renting properties... this is how its gonna be..... holding company will be VAX Investments Holding right...under this holdings i want to have VAX Media where decor emporium magazine, my current running business will fall under, and more businesses to come under VAX mEDIA, than its gonna be VAX Bakeries where ill also have vast varieties of products and services than Vax Properties and i want all of them to fall under Vax Investments...and i would like to know this as well, do i need to open and a bank account for each business or is there other way, thank you for your time
i am also from here in SA.. i like your question...
A very good question.
Can an S-corp can transfer patents to a Holding company without telling shareholders? Im worried...
Hi Amanda,
Thank you for the video! I have recently started a Sole Proprietorship business for retail fashion. I am desiring to also start a makeup line but I want them all under one branch. A beauty branch per-say. Would I be able to have my current business as the holding company? I am a small business growing to be a big business. My thought is I can have my current business name as the holding company and then have separate names for each line under it. Main Business Name - Retail Fashion Business - Make Up Business - Skin Care Business, etc. I hope this makes sense. Can you advise?
What if I want to create a company for the purpose of pooling capial from a private group of investors?
This is very insightful! Thank you 😊
What assets can a holding company keep? Can it keep intellectual properly for the operating company?
Thanks, great information.
Great Video The speed is fine , the information presented is in the best format on youtube, thank you , making this very easy to understand great Job ,,,
Thank you!!!
Can this same strategy work for purchasing a home? Can we create a holding company and sell the home to a newly formed holding company? Is it like a family trust? How do you setup a Family trust?
First, it can be very difficult to transfer real estate (unless you own it outright) from yourself to a single member LLC, so you always want the LLC to PURCHASE the property from the getgo. Second, having a home to live in for personal purposes is not a business and having it in a business would mean that there is no business purpose, therefore no LLC.... A family trust is an option - but it's quite complex and on my video schedule - do subscribe and you'll see a video on it soon!
J P holding company shouldn’t operate with the public
Amanda, in Bob's example, does the holding company need to pay sales tax on the rent to the operating company?
Aloha! Fabulous question - typically yes. If it's a legally separate business, then everything about it would be separate. For example, GET would definitely apply :)
Hello, Miss Amanda. This is Rickey. I would like to know one thing. Can a Bookkeeping and Accounting business be a holding company? Please let me know.
Also, can also a sole proprietorship business be a holding company? Please let me know about this also. I would like to do better in operating my Bookkeeping and Accounting business in the right way. Thank you so much. I look forward to hearing from you.
Hi Rickey! Great question - it wouldn't really be applicable for a small business. Your accounting and tax services sound like it would be your "operating" company. If you ADD something onto your business that you want to keep separate (such as real estate, like in the video's example), that's when you use a holding company.
For context, I would have never made a video about this topic because it's just not really relevant for smaller businesses - but I've done my homework and I know my viewers are interested in it. Holding companies are really used by big businesses with internal tax and legal teams and consultants that are structuring operations and sales and planning for legal and taxes .... So, without having substantial business activities and spending huge amounts of money -- it's just not typically necessary.
If anything, having an extra business really becomes an administrative burden for most small businesses. And if you don't keep good records, then it can be as if it the business doesn't exist anyway...
The first module in my course goes into great depth about "when and why to use each business type (planning to structure your business)"
Let me know if that makes sense!
@@businessfinancecoach
Yes, it makes sense to me.
Thank you so much for the video about "Holding Company", and for your explanation to me about this. Now, I understand this better. Thank you again.
So if I’m understanding.
If I have multiple properties. I would put all the properties in the holding company and collect all the rents, pay expenses, etc in the operating company ?
No, you put each property into an LLC and you are the owner of each LLC. Watch the example at the end, only you have no operating company. The 'holding' companies are your operating companies -- as 'holding company' is explained in the video
Great, Great video!
Great Video! I just set up a “Holding Company” LLC, my husband and I wanted to creates several LLCs under it or just operate various activities with this LLC. The business is in my name. Any suggestions?
The parent company or holding company is what I have to hold assets, like trade marks, and other LLC's under the umbrella.
For conducting business or ventures I have subordinate or operating companies LLC's for the umbrella.
Layers of protection and separation.
Wtf
I appreciate the way you broke this down. This I think a holdings company would great for a family llc
Thanks for the video. If this holding LLC (ABC LLC) is the sole owner of child LLC (main Street LLC) that holds the title of a rental property, would you elect s Corp for the ABC LLC? The ABC LLC reports to a trust.
No, there would be no reason to form an s-corp for passive rental activity, and in the rare instance that it's not passive it's even less advantageous (especially due to the most recent 20% deduction, if you qualify) .... I have a few videos coming out about the calculation on a spreadsheet template. you may appreciate them... stay tuned! Thanks for the question!
@@businessfinancecoach thank you, subscribed to your channel now. If the parent company is also a single member LLC, does it have asset protection? Will you have any video content on trust in the future?
Hi Amanda, thank you very the great explanation. I’m wondering what are others common purposes of the holding company?
ownership structuring for big businesses
Thank you and for commenting!!
Hey Alex - you might find the answers I gave to some other comments interesting/helpful :)
I own a rental property.
I was under the assumption that I would hold property in a texas llc.
I would them open a wyoming(?) llc holding company, which would hold the texas llc.
Is this correct and does it protect me?
Can the Wyoming llc holding company own separate llcs?
Exactly my question
@@micolockett252 hi Mico, I think between these 2 videos, it becomes clear. Once you do the holding llc, you can have it hold multiple llcs.
ua-cam.com/video/NHeTa61ltAk/v-deo.html
you are amazing.
Great information! Thank you. Looking at setting up a holding company to finance several business ventures.
You were doing pretty good until you got to around the 7:30 mark then it got muddy.
As you indicated towards the top of your presentation a holding company does not do operations however towards the end of your presentation it seems that you indicated a holding company that owns a building you can collect rent well the collection of rent would be an operational endeavor.
A holding company actually doesn't do any operations holds assets and limits liability to the extent provided by law they don't really do any business they just own the stock in businesses which is why they really shouldn't have any liability because they really don't do anything.
According to Google: 'A holding company is a parent business entity-usually a corporation or LLC-that doesn't manufacture anything, sell any products or services, or conduct any other business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other companies.Oct 25, 2019'
I have a C Corp. and I have a operating company attached to it as a dba. I did not set the C. Corp up as a holding Company. C Corp is (a) Name Inc. and (b) same as (a) but with a operation or service addiction. Kinda like a John door, Inc and a John door brokage Co. Can the C Corp become the holding Company of the operating Co. If I can will you please explain in video. Thank you
Thanks for the info. I have a question as I'm new to real estate investing. I have an EIN for my holding LLC (in WY), but don't have an EIN for my new LLC (in FL) which will be purchasing property. Do I need a new EIN for that FL LLC that will be purchasing real estate?
if you have more than one owner OR you hire employee, then you need an EIN. If not, you don't need an EIN. EINs are very easy to get and not any big deal... I go over how to get one yourself in my course. you do it yourself here: www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
Chastity I’d recommend getting an EIN for your FL LLC so you can open a bank account and collect rents and pay expenses, do NOT use your personal bank account to do so.
Essentially it's a loop hole created so business owners don't take on full liability and lose their assets. Correct????
Can a holding company issue LC & do EXPORT . Please answer ..
I have a company Llc for 1 year ago but i can not getting contracts i am iem too
But how to get a job like thats
Nice qck simple easy af but the background is too flashy cuz people watch these thing after they come home from work make ur background darker cuz my brightness is min. Still it hurts my eye anyway thanks
Nice video explaining everything very good.
What about a Holding Company for a House Flipping business? Need a second option compared to one I received recently.
I was told to form Holding Company C-Corporation in TX, where I live, then create subsidiary A under Wyoming to hold assets like cash and stocks, which I have no interest in selling, and create Subsidiary B, Subsidiary C and so on under their own LLC to dissolve after each flip that is sold. I need second option especially because I will start out with Hard Money Lenders to fund the flips and need to know the tax feasible direction.
Thank you so much for the information 😊 Amanda Extremely Helpful... I have a question when I structure the Holding Company I not sure what to pick when it ask me if the company is a for profit company or nonprofit company? Thank You Again!
Exactly what I needed to know! Thanks for breaking it down to such simple terms!!!
So the Holding Company would have it's own Business Checking Account and be the entity to build the business credit profile and not the Operating LLCs? The rental agreement would also be between the Holding Company and any Tenants? Therefore, all monies would flow directly thru the Holding Co? I want to become a real estate investor and have diff properties under their own LLCs which would be under the Holding Co.
each LLC for rental property is a holding company - you wouldbe the owner and it doesn't sound like you have an operating company at all
Business Finance Coach - that’s not how it was explained to me yesterday or how the diagrams show it from several others who use this model in real estate. Holding company LLC would be it’s own entity owned by me. Under Holding company LLC, would be LLC A for property 1. Then LLC B also under Holding Company LLC for property 2 and so forth. I did get clarification that the holding company would have its own checking account and so would the subsidiary LLC, but the holding company LLC would OWN the subsidiary llc’s checking account.
The operating agreement could also state subsidiary LLC can use assets of holding company as long as the books are maintained.
You didn’t even answer my question though. Thanks anyway. I have what I need because I’m not going to build business credit files for a hundred LLCs only the holding company so money can pass through and holding company will be listed as owner/manager of those subsidiary LLCs
Miss Jaren Roberts I have the sane questions. I am hoping she replies again to expand
Spenser Frank I found out what I needed. Each LLC would need its own and it would be owned by the parent LLC/holding company. If you want to include in your operating agreement the subsidiaries could use the assets of the holding co. Up to you
She looks like Physics Girl's sister
Great information ma’am
Thank you so much
Aren’t all these LLC expensive?
expensive is all subjective but yes, they are for people who are making real money
Thank you
cheers
Good video
great info
Hi Amanda,
If I know upfront that I'm developing a holding company, is it possible to develop the holding company first, before the operating company?
That’s the right way
What about someone who wants to buy their first building and rent out? What would that would be when setting up? To keep full-time employment separate from my real estate.
I am in position to get my first building within the next 12-18 months and want to know the best route to take.
Thanks so much 😊
You mean that you want to buy like a residential house to rent out long term? So, you could use a single owner LLC and it would keep the building separate from a legal standpoint - a benefit is that you are NOT separate for taxes, so that you can just report the rental directly on your personal taxes (starting a business won't prevent you from paying taxes in any way, it's just a cost and administrative burden), make sense? You need to make sure that your LLC actually buys the property though - that's a big thing that many people mess up because they think they can just "do it later" (which sometimes is necessary but you should keep this in mind and verbalize it throughout).
Hi mam
I am from india
Could u suggest me a book from which I could learn THE USA Taxation from basic level.
Actually I want to file return of personal tax to start my career as tax consultant.
Hi Amanda i hve 15 rental properties in my name and i want to quit my job and start a real estate company so please should i setup an LLC or a holding Company ??
Your question leads me to believe that you didn't watch the video! Or, I just did not succeed in being clear. They are the same thing/different types of categories....If you have no other business activity, then you wouldn't be forming a "holding company," you'd just be putting your real estate into LLCs -- which some people may still refer to that as a 'holding' company, but renting the building would be the only operations of the business so it's just an operating company. There are pros and cons of doing this. I'll do another video answering your specific question - if you haven't, subscribe to see the answer - let me know any follow up questions based on this information!
Piro Da rapper you better get them properties out of your name ASAP because if someone gets hurt on your property and sues you, they can get all your properties.