Discover the best legal entity if you are going to be investing in real estate
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I only own 1 home free and clear and file as a sole proprietor. Should I change entities to save on taxes and if so which one?
in florida if you wanna buy and lease out and have rentals isn't best to get liability insurance or LLC
Thank you very much for this video. You'd be surprised how hard it is to find clear concise information on this topic. Great work! Thank you!
I am in Nevada, did not buy an investment property yet. I would consider getting an LLC for my investments once I learned not to use traditional financing, which was a fantastic point you made there. Would you suggest to use a non identifying name for this LLC (I have an unique name myself), and use someone else to file and be Managing Member on it so that you yourself would not show up anywhere on the business search? BTW, I am hooked on your channel, binging it like it's Breaking Bad!
Hey Phil, so I started an LLC! We're in Florida, my wife's getting her lisence.. so does she need a broker? Can are we allowed to operate under our llc without being accused of acting like a broker?
Hi
Hello Phil, I have a question, but first I would like to say thanks for sharing your knowledge, also I just ordered your book on amazon, you said you never use banks to finance any of your properties, how do you pull equity out of your properties.
Can't corporations be bad to place real estate in? When some relatives died years ago, our family paid really, really hefty taxes due to the fact they placed their real estate into a corporation.
Rental activity is considered "active" if you personally manage the rental (advertise for tenants, show the property, arrange repairs/maintenance, deposit checks, etc..).
Great Videos, I'm intrigued. You're losing me at 17:17. How are you obtaining financing to get around the bank's demand that the deed be in your name? Thanks.
I respect and thank you for your will to provide knowledge to those without it. I am very interested in investing in properties mainly wholesaling. I've been watching your videos and researching. I would like more one on one coaching from you so i can apply what I am learning. I live in atlanta. I believe this is an excellent market for wholesaling. what steps do I need to take in order to become one of your apprentice?!
but your vids are not that boring because of your upbeat communication skills. i can't listen to a lot of the other dudes because of there monotone voices and slow information deliveries
i don't have a mentor so i have to listen to you :/
Hey Phil, do you have a video that goes deeper into land trusts in FL? I tried to search but didn't find any. Some investors I work with swear by them, but I've heard it can be difficult to get insurance or refi. What's your take? Any advice?
FYI You're awesome and your videos are priceless. Thank you so much for taking the time & making them! I wish I knew half of what you know!
what if you don't have money to talk to an attorney or lawyer, where would you get informed about doing a sole proprietorship or llc
Wow, I appreciate people like you. Giving your time teaching others. Thank you for this very informational video!
What do you think of Detroit home investment?
Phil's the real deal.
hi Phil, you mentioned traditional investors (those who get loan from banks) and non-traditional. How non-traditional investors raise money to acquire estates? do you have a vid about this topic?
many thanks
Hello Phil. How can I invest in real estate without a bank loan or personal finance. I have two houses now that are finance by a mortgage company.and will like to buy more in the future.