Real Estate Rookie 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert
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 Cover
Which LLC structure makes the most sense for landlords
How to protect your assets during your different stages of wealth
How to set up limited partnerships when you have too many LLCs
Protecting yourself when you are house hacking a property
How your financing options may change when you buy properties in an LLC
Where to hold short-term rentals so they stay protected
And So Much More!
Links from the Show
Real Estate Rookie Facebook Group
Rookie Podcast 73: Partnerships: What to Do Before You Jump in With Another Investor
Click here to check the full show notes: https://www.biggerpockets.com/rookie106
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