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!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Ask Us Your Investing Question
Apply to Be a Guest on the “Real Estate Rookie” Podcast
How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth
Rookie Reply: Do You NEED an LLC for Rental Property?
Get Tips on Maximizing Business Credit Card Points:
Book Mentioned in the Show:
Real Estate Partnerships by Ashley Kehr & Tony Robinson
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
Learn more about your ad choices. Visit megaphone.fm/adchoices