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106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

FromReal Estate Rookie


106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

FromReal Estate Rookie

ratings:
Length:
30 minutes
Released:
Aug 21, 2021
Format:
Podcast episode

Description

Last episode, we had Brian T Bradley, Esq on to talk about all things related to wealth and asset protection. Now, he’s back to answer questions from the BiggerPockets Real Estate Rookie community. We’ll go over a handful of questions from different rookies in the community, questions like: Can I create an LLC and sell my property to it? Will converting a property from my personal name to an LLC trigger a taxable event? Can I put two properties in two different states in the same LLC? Will renting out a side of my duplex as an LLC protect me? How do I stop the commingling of funds when using many LLCs? Should short-term rentals be put under an LLC? How will financing change if my properties are in LLCs? And more in the episode…If you’re finding yourself at the $1M net worth mark and you’d like to protect your assets, check out Bradley Legal Corp or shoot Brian an email at Brian@btblegal.com!In This Episode We CoverWhich LLC structure makes the most sense for landlordsHow to protect your assets during your different stages of wealthHow to set up limited partnerships when you have too many LLCsProtecting yourself when you are house hacking a propertyHow your financing options may change when you buy properties in an LLCWhere to hold short-term rentals so they stay protectedAnd So Much More!Links from the ShowReal Estate Rookie YoutubeAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupRookie Podcast 73: Partnerships: What to Do Before You Jump in With Another InvestorBiggerPockets CalculatorBiggerPockets ConferenceClick here to check the full show notes: https://www.biggerpockets.com/rookie106See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 21, 2021
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.