i want to talk about two things you mentioned, a, the disregarded entities, and then also using the different states. Will touch on that really quick. What is the point of an entity foryour not gen toget the protection? Eventually you want to have those l l ses owned by a limited partnership. A second layer up. When they're disregarded, those k ones, those tax returns, flow up and into that limited partnership. So now you only have one tax file.
In this week’s episode, Robert Leonard talks with Brian T. Bradley about what asset protection is and why it matters, when a new real estate investor should start considering asset protection, whether new real estate investors need an LLC or not to start investing, how to setup an LLC, the most common and dangerous misconceptions around LLCs, and much, much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:33 - What asset protection is and why it is important.
05:39 - When a real estate investor needs to start considering asset protection.
07:34 - What LLCs are and whether or not you need one to invest.
14:52 - Common and dangerous misconceptions around LLCs.
26:28 - How to properly setup and structure LLCs.
36:57 - How LLCs and asset protection works for house hacks.
59:26 - What asset protection trusts are.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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