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In this episode of the LearnLikeaCPA show, I dive into the essential playbook for setting up LLCs as a real estate investor. I break down the pros and cons, common mistakes, and the key steps to structuring LLCs for asset protection and tax efficiency. You'll learn when you actually need an LLC, how to avoid creating unnecessary tax returns, and my guidelines for determining the right amount of equity per property before setting up a separate LLC.

Timestamps:

00:00:00 Intro

00:00:58 Why LLCs Don’t Save You Money on Taxes

00:01:43 Guidelines for Determining When to Set Up an LLC

00:02:28 Pros of Setting Up an LLC for Asset Protection

00:03:14 Common Mistakes with Multi-Member LLCs

00:04:53 Avoiding Unnecessary Tax Returns

00:05:43 Back-of-the-Napkin Math for Equity in LLCs

00:08:08 Steps to Setting Up an LLC Properly

00:09:33 Registering LLCs in Out-of-State Investments

00:10:33 Outro and Call to Share the Podcast

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*None of this is meant to be specific investment advice, it's for entertainment purposes only.

106: The LLC Playbook for Real Estate Investors