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#348: Should you get an LLC for your Rental Property Investing?
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Manage episode 424049456 series 2477142
Free legal consultation with Clint’s team: https://aba.link/coach
(This is an affiliate link. We will earn a commission if you eventually pay for a service)
⭐ Join Rental Property Mastery, my coaching & learning community: http://coachcarson.com/rpm
🎙️ Episode #348 – "You're creating the LLC to hold the property because if your insurance fails, that is your backstop." Clint Coons explains the benefits of an LLC, when to create it, and why it's safer for you to create 1 LLC per property earlier in your stage.
📄 Show Notes:
https://www.coachcarson.com/llcprotection/
▶️ Next Video:
How to Prevent 5 Expensive Real Estate Scenarios - Advice from my Attorney
https://youtu.be/jT08eD2kYX0?si=1vxPnju_qWMiqbmx
🎬 TIMESTAMPS:
0:00 - Why you need an LLC
1:10 - What is an LLC?
10:52 - LLC vs other corporations
15:41 - Tax benefits of LLCs
18:09 - Clint's advice for beginners
23:00 - How self-management creates liability
26:27 - Insurance and LLCs
30:36 - General principles for LLCs
35:57 - Be cautious when getting an LLC
37:54 - How to connect with Clint
39:48 - How to Prevent 5 Expensive Real Estate Scenarios
🔗 Connect with Clint:
YouTube: https://www.youtube.com/@ClintCoons
Instagram: https://www.instagram.com/clint.coons/
Clint's Book: https://clintcoons.com/book/
________________________________________ ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-yt/
🖥️ My Real Estate Courses:
[FREE COURSE] Find Your Focus in Real Estate for Beginners: https://www.coachcarson.com/findyourfocus-YT
30 Days to a Better Rental Investor: https://www.coachcarson.com/30days-YT
Creative Financing for Real Estate Investors: https://www.coachcarson.com/creativefinancing-YT
📙 The Small & Mighty Real Estate Investor (My Book): https://www.coachcarson.com/smallandmighty
📘 Retire Early with Real Estate (My Book): https://www.coachcarson.com/retirementbook
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT
👋 Connect with me: 📸 https://www.instagram.com/coachchadcarson 👍 https://www.facebook.com/coachchadcarson 🐦 https://twitter.com/CoachChadCarson
🌐 For everything else: http://www.CoachCarson.com
360 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on June 17, 2024 09:19 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 424049456 series 2477142
Free legal consultation with Clint’s team: https://aba.link/coach
(This is an affiliate link. We will earn a commission if you eventually pay for a service)
⭐ Join Rental Property Mastery, my coaching & learning community: http://coachcarson.com/rpm
🎙️ Episode #348 – "You're creating the LLC to hold the property because if your insurance fails, that is your backstop." Clint Coons explains the benefits of an LLC, when to create it, and why it's safer for you to create 1 LLC per property earlier in your stage.
📄 Show Notes:
https://www.coachcarson.com/llcprotection/
▶️ Next Video:
How to Prevent 5 Expensive Real Estate Scenarios - Advice from my Attorney
https://youtu.be/jT08eD2kYX0?si=1vxPnju_qWMiqbmx
🎬 TIMESTAMPS:
0:00 - Why you need an LLC
1:10 - What is an LLC?
10:52 - LLC vs other corporations
15:41 - Tax benefits of LLCs
18:09 - Clint's advice for beginners
23:00 - How self-management creates liability
26:27 - Insurance and LLCs
30:36 - General principles for LLCs
35:57 - Be cautious when getting an LLC
37:54 - How to connect with Clint
39:48 - How to Prevent 5 Expensive Real Estate Scenarios
🔗 Connect with Clint:
YouTube: https://www.youtube.com/@ClintCoons
Instagram: https://www.instagram.com/clint.coons/
Clint's Book: https://clintcoons.com/book/
________________________________________ ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-yt/
🖥️ My Real Estate Courses:
[FREE COURSE] Find Your Focus in Real Estate for Beginners: https://www.coachcarson.com/findyourfocus-YT
30 Days to a Better Rental Investor: https://www.coachcarson.com/30days-YT
Creative Financing for Real Estate Investors: https://www.coachcarson.com/creativefinancing-YT
📙 The Small & Mighty Real Estate Investor (My Book): https://www.coachcarson.com/smallandmighty
📘 Retire Early with Real Estate (My Book): https://www.coachcarson.com/retirementbook
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT
👋 Connect with me: 📸 https://www.instagram.com/coachchadcarson 👍 https://www.facebook.com/coachchadcarson 🐦 https://twitter.com/CoachChadCarson
🌐 For everything else: http://www.CoachCarson.com
360 episodes
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