Investors often hear that transferring ownership of a rental property into a limited liability company (LLC) is a smart move for asset protection. And it is—when done correctly. But if you follow common internet advice and simply "quitclaim deed" your...
Investors often hear that transferring ownership of a rental property into a limited liability company (LLC) is a smart move for asset protection. And it is—when done correctly. But if you follow common internet advice and simply "quitclaim deed" your...
Would you like to know how to protect your real estate from creditors, tenants, and predatory lawsuits? The reality is, creditors can’t seize what they can’t find. The most reliable form of asset protection for real estate investors is not...
If you’ve gone through the process of setting up a living trust or land trust, congratulations—you’re one step ahead in safeguarding your assets and planning for the future. But here’s the catch: if you haven’t funded your living trust or...
When it comes to asset protection for real estate, forming a limited liability company (LLC) is a powerful tool. However, as Clint Coons explains in his latest YouTube video, many real estate investors and business owners make critical mistakes when...
Real estate investors often seek tax deductions for renovations, but many miss a key strategy that could double their savings. If you’re planning a remodel on a rental property, you might be missing out on significant deductions simply because of...
Forming an LLC for rental property ownership is a popular strategy among real estate investors, but with popularity comes a fair share of myths and misconceptions.
Many business owners overlook how their personal residence can reduce taxes. By strategically using your home for business, you can access significant write-offs. Here are key strategies to unlock the tax-saving potential of your home.
Traditional limited liability companies, or LLCs, have long been an effective way for property investors to protect their real estate assets. In 1996, investors began using a new type of LLC called a series LLC. This type of LLC separates...
Liability insurance can provide vital protection against personal injury or property damage claims from tenants or visitors to your properties. However, it takes much more than liability insurance to effectively protect your real estate empire. To ensure your portfolio...
Investing in real estate is one of the most popular ways to build equity and establish a steady income. However, when you own multiple properties, especially for rental purposes, you also take on more financial risk. To protect your real...
I'm about to share with you a crucial lesson I learned the hard way. In the world of finance and asset protection, I thought I had all my bases covered, but I was in for a rude awakening. My personal...
