106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

2021/8/21

Real Estate Rookie

Frequently requested episodes will be transcribed first

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 [email protected]!

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 Youtube)

Ashley's Instagram)

Tony's Instagram)