To LLC, or not to LLC? That is the question, and lots of people have been asking it, hoping to find the right answer.
To LLC, or not to LLC?
That is the question, and lots of people have been asking it, hoping to find the right answer.
We’d love to share our thoughts, but first, we have to set a disclaimer.
Steve and I are NOT attorneys. Nor are we licensed CPAs.
To that extent, we’re not capable of providing you with any type of legal advice whatsoever.
What we can do is speak from a place of experience. We’ve both owned LLCs and have gone over this topic with thousands of our customers.
If there’s one thing we can say for sure, it’s that everybody’s situation is a little different. So whatever investment structure you decide to go with, it has to be in line with your specific needs, goals, and situation.
For today’s episode, we want to share some high-level impressions we’ve gathered over the years and discuss the potential pros and cons of investing in real estate using an LLC.
We’ll go over some important concepts as well, such as liability coverage, umbrella policies, and we’re going to touch a little on the 1031 exchange.
Listen in, and once you hear what we have to say, make sure to talk it over with your attorney or CPA. They will help you figure out how it all ties into your particular situation and make the right decision.
We’ve also included a link below, in the Additional Resources section, to a video where you can hear an attorney’s take on the LLC question.
Key Takeaways:
Additional Resources:
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