101. How The 1% Legally Protect Their Real Estate (and you can too)

14/10/2024 17 min

Listen "101. How The 1% Legally Protect Their Real Estate (and you can too)"

Episode Synopsis

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I dive into the crucial topic of asset protection and LLC structures for real estate investors. I break down when and why you need an LLC, how to properly set it up, and the importance of keeping your properties organized to protect your investments. We’ll also discuss advanced strategies like using a revocable living trust and a Wyoming holding company to streamline your real estate portfolio.Timestamps:00:00:00 Intro00:00:45 Setting Up an LLC for Real Estate Investments00:02:30 When You Need an LLC00:04:12 Using a Revocable Living Trust00:06:05 Wyoming Holding Company Strategy00:07:48 Navigating the Do-On-Sale Clause00:09:15 Understanding Transfer Taxes00:10:37 Structuring for Tax Efficiency00:12:20 Common Mistakes in Asset ProtectionWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.