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Renting Out a Property Without An LLC
Manage episode 438908033 series 2860927
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In this episode, Toby Mathis, Esq., of Anderson Business Advisors, sits down with Brent Nagy, a highly accomplished real estate investor with over 20 years in the industry. Brent, who retired by the age of 40 with a portfolio of more than 50 cash-flowing properties, shares his expertise around the critical importance of proper asset protection, cautioning against owning real estate outside of a formal LLC or entity. He discusses common pitfalls and liability issues associated with residential properties, highlighting that a well-structured investment strategy can significantly reduce stress and risk. With a wealth of experience, Brent underscores that good intentions alone are not enough—talking to other investors and understanding protection as a vital cost of doing business is essential for long-term success.
Highlights/Topics:- Toby introduces Brent, his back story and progression
- Making money passively, “Rich Dad Poor Dad”, becoming an investor
- Owning real estate outside of an LLC or entity - NEVER
- Proper structure and proper protection is paramount for investing in real estate
- Residential properties - liability examples and faulty advice
- So much stress can be avoided with the right structure in place
- Good intentions can never trump experience
- Talk to other investors, protection is the ‘cost of doing business’
- Share this with new investors you know
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