Limited Partnerships Are a Second Layer of Protection

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The limit of partnership comes into play around 450, o seven re thousand of unprotected net assets. This mid layer is your holding company. And it's this mid layer where you do actually want to use one of those states that has really good protection around the llc,. Like arizona, nevada, wyoming or delaware. But unfortunately, i see this alot with clients having that second layer of protection being in another llc, or a wyoming llc and not a limited partnership.

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.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Get more content from Robert.
Key Concepts of Asset Protection
Asset Protection Overview Presentation
Gary Keller’s book The Millionaire Real Estate Investor.
All of Robert’s favorite books.

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