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Do I need an LLC for every investment property?
Though this does not make sense for every business owner, it's important to understand the risks of only maintaining one LLC with multiple investments.
When would you need more than one LLC?
The more investments that you have inside one LLC means more risk of losing those assets if your Limited Liability Company is in a lawsuit.
For my rental real estate owner friends, that is BAD NEWS!
So let’s make sure we are protected.👊🏾
If you recently established an LLC for real estate investing purposes, you may be finding it difficult to get approved for a mortgage loan under that entity.
Having a positive Paydex score is important, especially for rental real estate investors, because this allows you to leverage OPM.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
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By: Karlton Dennis Title: Buying Real Estate with an LLC: Must Watch Sourced From: www.youtube.com/watch?v=4gmHXlejdE8
