Episode 348

#348: Should you get an LLC for your Rental Property Investing?

June 17, 202440m 18s

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Show Notes

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🎙️ Episode #348 – "You're creating the LLC to hold the property because if your insurance fails, that is your backstop." Clint Coons explains the benefits of an LLC, when to create it, and why it's safer for you to create 1 LLC per property earlier in your stage.

▶️ Next Episode:

How to Prevent 5 Expensive Real Estate Scenarios – Advice from my Attorney:

📄 Show Notes:

https://www.coachcarson.com/llcprotection/

🎬 Timestamps:

0:00 - Why you need an LLC

1:10 - What is an LLC?

10:52 - LLC vs other corporations

15:41 - Tax benefits of LLCs

18:09 - Clint's advice for beginners

23:00 - How self-management creates liability

26:27 - Insurance and LLCs