Should you get an LLC for your Rental Property Investing?

Video Description

Free legal consultation with Clint’s team: https://aba.link/CoachSS (This is an affiliate link. We will earn a commission if you eventually pay for a service.) ⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm-YT 🎙️ Episode 348 – "You're creating the LLC to hold the property because if your insurance fails, that is your backstop." Attorney Clint Coons explains the benefits of an LLC, when to create it, and why it's safer for you to create one LLC per property earlier in your stage. 📄 Show Notes:   https://www.coachcarson.com/llcprotection/ ▶️ Next Video:  How to Prevent 5 Expensive Real Estate Scenarios – Advice from my Attorney https://youtu.be/jT08eD2kYX0?si=1vxPnju_qWMiqbmx 🎬 Topics Covered: 0:00 - Why you need an LLC 1:10 - What is an LLC? 10:45 - LLC vs other corporations 15:34 - Tax benefits of LLCs 18:02 - Clint's advice for beginners 22:53 - How self-management creates liability 26:20 - Insurance and LLCs 30:22 - General principles for LLCs 35:43 - Be cautious when getting an LLC 37:40 - How to connect with Clint 39:34 - How to Prevent 5 Expensive Real Estate Scenarios 🔗 Connect with Clint • YouTube: https://www.youtube.com/@ClintCoons • Instagram: https://www.instagram.com/clint.coons/ • Clint's Book: https://clintcoons.com/book/ ________________________________________ ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-yt 🖥️ My Real Estate Courses: [FREE COURSE] Find Your Focus in Real Estate for Beginners: https://www.coachcarson.com/findyourfocus-YT 30 Days to a Better Rental Investor: https://www.coachcarson.com/30days-YT Creative Financing for Real Estate Investors: https://www.coachcarson.com/creativefinancing-YT 📙 The Small & Mighty Real Estate Investor (My Book): https://www.coachcarson.com/smallandmighty 📘 Retire Early with Real Estate (My Book): https://www.coachcarson.com/retirementbook ✅ Subscribe for more videos about real estate investing: https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 👋 Connect with me: https://www.instagram.com/coachchadcarson https://www.facebook.com/coachchadcarson https://twitter.com/CoachChadCarson 💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT 🌐 For everything else: http://www.CoachCarson.com ________________________________________ Footage & Photos credit to: Pexels.com & Pixabay.com