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350: Rookie Reply: How to Start an LLC for Real Estate Investing

350: Rookie Reply: How to Start an LLC for Real Estate Investing

FromReal Estate Rookie


350: Rookie Reply: How to Start an LLC for Real Estate Investing

FromReal Estate Rookie

ratings:
Length:
55 minutes
Released:
Dec 21, 2023
Format:
Podcast episode

Description

Want to know how to start an LLC for real estate? Whether you’re looking to form investing partnerships or avoid being sued, creating an LLC is one way to protect your personal name and assets. With that said, there are several factors to consider before setting one up!
 
Welcome back to another Rookie Reply! Each week, our inbox is flooded with questions about LLCs, so we’re dedicating an entire episode to the topic! Tune in as Ashley and Tony share their own experiences with LLCs, their benefits, and issues you might encounter. You’ll learn about the requirements for LLCs, when to put multiple properties under one LLC, how to apply for bank financing, and how to take advantage of business credit cards!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover
How to start an LLC for your real estate business
Requirements you MUST meet to keep your LLC in “good standing”
How to apply for bank financing as an LLC (and prevent a deal from falling through!)
The hidden mortgage clause you NEED to know about
Alternative asset protection strategies to consider for your real estate business
The biggest differences between an LLC and umbrella insurance
And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-350
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
Dec 21, 2023
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.