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How To Buy A Rental Property With An LLC Fast And Reduce Liability!

Toby Mathis Esq | Tax Planning & Asset Protection

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In this video, Toby Mathis, Esq. will show you how to buy a rental property with an LLC fast, or in some cases ten minutes to reduce liability.
It may sound crazy, but it is true that in just 10 minutes you can be the proud owner of some real estate.
Learn about Real Estate & Asset Protection from Clint Coons, Esq, and Toby Mathis, Esq. at our next all-day free Livestream. Save Your Seat: aba.link/30b497
Toby Mathis, Esq. has been investing in real estate for years and is here to share his knowledge and wisdom with you. The information provided in this short video can equal up to priceless possibilities in the right hands.
Some naysayers out there may try to peddle these extensive, overly complicated plans onto you, but here at Anderson Business Advisors, we believe in helping our clients with all our might.
Before you know it, with the help of this video, you’ll be…
"Good as gold" 13:55
Join us in this riveting talk regarding the use of LLCs, trusts, and more to help you grow a legacy to last years after you are gone.
Lastly, if you want to help this channel grow and reach more people, we hope you will consider doing one or more of the following:
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Thank you for watching us, and we hope you will continue to support us in educating others in the real estate investing world.
Till next time, good luck and safe investing.
Show Notes:
0:00 Intro
0:12 Do Not Buy In Your Name
2:10 Land Trusts
4:13 LLC as a Beneficiary
6:53 Beneficial Interest
9:58 Example
11:40 Timing
14:00 What about the LLCs
15:37 Tax Neutral
17:00 Closing
20:34 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#assetprotection #llc #realestateinvesting

Опубликовано:

15 авг 2024

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Комментарии : 74

@TobyMathis 2 года назад

Want answers to your questions about this video? Schedule a complimentary consultation with our experts today! aba.link/08afb5

@alliesteamc3546 Год назад

Toby is so concise and he shares the latest state of the art in asset protection. Toby and Clint provide the best legal tax and business expertise so generously on RU-vid. Thank you very much!

@CheapGodiva 23 дня назад

I'm going to be soo educated when I'm finally ready to build my real estate network.

@TobyMathis 22 дня назад

That's fantastic to hear! Education is the key to success in real estate.

@nevastrong2850 Год назад

I can see I will view this video several times. Great info!

@carolbaker645 Год назад

To make sure I understand, even if I’m purchasing my first investment property I should have a Land Trust? The property is purchased under an LLC then I have my llc in a Land Trust. Thank You!

@sgreen2824 2 года назад

What if you can't buy it in a land trust, you have to transfer it to the trust. Is there still protection?

@911lucy69 2 года назад

Thank you

@melhoresprodutos8899 Год назад

Hi Toby, you and Clint are Top Notch in Property Protection. One question: IF the owner of the property is FOREIGN (for example, he lives in CHILE) and forms a WY COUPLE LLC with his spouse and one more partner ( JON DOE, JANE DOE and Brian DOE ) in the 50, 49 and 1% ( Default Tax by the IRS as a Partnership) and JON Dies, In this case just remove the deceased partner and Transfer the 50% to JANE in the Operating Agreement and that is ok because the US Government is not aware of the Existence of JOE and this is not subject to making a will in this case, okay?

@kennethw6962 2 года назад

Toby… Fascinating content as usual! I got a question regarding this though. If title is taken in the name of 123 Main trust and such a trust only exists on record in your filing cabinet as generated by computer software, what is to prevent SOMEBODY ELSE from purporting to be 123 Main trust and hijacking your property? I'm guessing it would be all the other verbiage that comes later that would not be a matter of public record? All the trustee verbiage regarding ABC LLC or Toby Mathis who are in fact verifiable entities?

@aurora571000 2 года назад

You have to file the LLC with your state and pay again each year. Cost $150 FL, $1,000 New Jersey

@ekip-obasiekpe1574 2 месяца назад

Hello Toby, you're such a blessing. I learn a lot from your videos on real estate. Please can I use a Wyoming registered LLC to buy properties in other States in America? And, outside America? Thanks for responding. Ekip-obasi.

@TobyMathis 2 месяца назад

I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. Sign up here: aba.link/08afb5

@jackieow 2 года назад

Good show, especially with the diagram to make the flow clear.

@jeanwa Год назад

Hi Toby, Thank you for great content. May i have a template of a land trust please.

@ldstiesto 2 года назад

Man all your videos are awesome! Thanks for the advice. 👍🏽👍🏽

@Msjaniceelaine 2 года назад

Property was left to me, (death/State of Arizona). What process would I take to transfer the property out of my legal name into a trust remaining the sole owner of that property. I hope I made sense.🤔

@maximumwoof8662 2 года назад

set up a new trust , transfer title to the new trust name, with an llc as the trustee. obviously this requires some advance work...

@Msjaniceelaine 2 года назад

@@maximumwoof8662 Thank you for your insight. I'm not 100% certain that I can undertake the process. I will definitely reach out to a knowledgeable professional. I'll start with Toby and see where it takes me. *Again Thanks*

@poppylove3673 Год назад

Thank you Tony! 👍🏽

@TobyMathis Год назад

No problem 👍 thank you for watching!

@aurelius7435 Год назад

Great information, thanks! Wondering if there is an elevated risk of title fraud (ie, someone else posing as trustee and selling the property) when property is held in trust, since the trust documents and any updates aren't recorded?

@alliesteamc3546 Год назад

Some investors still have c corps, can you do one video on what is easiest way and must do things to maintain c corp? Also can a Wyoming LLC own shares of the c corp? Thanks!

@TobyMathis Год назад

We actually have a couple videos out like this, you should check out Clint or Toby's RU-vid pages! While yes, technically the WY LLC can own shares in a corporation, that will not usually be the best strategy as you want to separate out active and passive income streams and their associated liabilities.

@karikasumi888 8 месяцев назад

8:32 Attorney be gone 🤣

@angelaasas Год назад

Thank you for informative vision. I planned to buy property in Spain to rent out. Any advice should I buy on USA LLC (and register in Spain)

@familycreditrepair8690 Год назад

how can we fund the llc to buy the land trust? I am in maryland and just started a new LLC and I want to buy rental properties but need help with funding. thanks5

@user-wk2ch9sz5x Год назад

LoL flick them in the eyeball, or step on their foot with a vicious high heel 😆

@irskee69 2 года назад

Toby.. I get security tru obscurity.. but how do u protect a land trust or LLC from title theft?

@Isa-ws5yi 2 года назад

Great videos! I just discovered you and have been seen all your videos! Do you recommend to open an additional LLC as operating company to run all the others LLC business? If it yes. Who shall owe the operating, the holding LLC or personal and do I need a real estate property manager license?

@rcruz401 2 года назад

How about when it comes time to do a cash out refinance? Does it make things complicated?

@khy7166 2 года назад

Fascinating! If you bought the property in the trust with the beneficiary as the LLC for asset protection, which "entity" would you set up your bank, insurance, credit cards, and loans, with? Should you create those in an LLC's or in the Trust's name?

@youmayberight2434 Год назад

You should have no problem getting bank card with llc but you need an EIN number from my limited experience.

@cts-video 2 года назад

Man....you are a GALAXY of knowledge and information. Your videos are always chocked full of information. Awesome I want to buy a property (GA); will have a typical bank loan, can I 'title/deed' the property at closing in the name of the LLC and or Trust?

@TobyMathis 2 года назад

This will depend upon your lender. Lenders typically want to see the property close in the name of the borrower. We recommend discussing your plans with your lender to determine if they will allow the LLC to close on the property as they may require that the LLC be the borrower in this scenario.

@thekikiroom 2 года назад

I'm in CA and in theory, this set up wouldn't work for financing a property, would it?

@aurora571000 2 года назад

I would think the sole owner LLC would own the rental property and then it goes on your 1040 for the Schedule E (rental income/expenses). But I don’t think for your personal home.

@ramakrishnay12 2 года назад

what about getting a loan on an LLC. Thats hard to do.

@mrrondouglas Год назад

Great tips about setting up a land trust. Question - what if the bank demands that you to put the mortgage in your own name? Doesn't the title have to match the mortgage?

@johnb9710 Год назад

Can I buy house under my LLC and rent it to my self?

@eastwestpicayune8200 Год назад

Very informative. How about a living revocable trust? Like too set up LLC for rentals that are held by the revocable trust. I was advised to set up LLC withe the revocable trust as a member and then transfer the property to the LLC . Does this make sense? I want liability protection and prevent probate. Thanks in advance

@TobyMathis Год назад

This is exactly what we generally recommend! Each structure, no matter how large or small, should flow down to a living trust so that you can control how your assets are divided among your family, in the event of your incapacitation, and to completely avoid probate. The LLC(s) will provide asset protection, and the living trust will provide peace of mind for the family and avoid probate for all the other assets.

@la_uruguacha 2 года назад

I am in Nevada too, cool

@effiahalhumbhra3755 2 года назад

["8/13/22, Liking videos. Question: Can a Trust be for Structure (home) on rented land?"]

@kutlessmedstudent 2 года назад

still confused

@lavellnutrition Год назад

Is there a recourse if people don't pay rent during a pandemic? It makes real estate investing scary! Any comments?

@TobyMathis Год назад

It depends on the situation and the location in which it takes place. Do you have any details you want to share to give us a better picture of the scenario (only if your comfortable).

@samc991 Год назад

Dear Mr. Mathis, I am new subscriber to your YT videos. I wish I had discovered your YT way earlier. I already own a number of properties under 2 different first names with same last name, not a trust or LLC. I realized it is too late to hide my id even after funding the land trust under a Wyoming LLC (9:23) because of local county deed registrations and city tax assessor records. Questions: 1) What's the best remedy to those existing properties? 2) Is it better NOT to put future new purchases under the Land Trust and that LLC holding the transference of existing properties? Your professional opinion is highly appreciated. Thank you.

@samc991 Год назад

Forgot to mention, properties are in Michigan.

@MrMarcusAlexander 2 года назад

Do you need a land trust for every LLC? Or does 1 land trust suffice for all of the LLCs?

@TobyMathis 2 года назад

Just like LLCs, we do recommend that they be used at a 1 to 1 ratio - one land trust for one piece of property.

@ryana9712 Год назад

@@TobyMathis so one LP Holding company(WY) that owns all of the LLC in the state where each house is located? Then each Trust LLC owns 1 property for the other LLC? Should employee payroll come from the LP Holding company or the LLC? Great content. Glad I found your channel.

@ormedolugo364 2 года назад

What about Family Limited Partnerships?

@janewisnel9086 2 года назад

I have a property in my legal name.. I do have a llc formed..how would I transfer this property to a land trust?

@TobyMathis 2 года назад

We usually recommend a warranty deed be used to transfer property from your name to your LLC. Anderson does provide this service in most states, so feel free to reach out and we would be happy to assist!

@irenehernandez6688 Год назад

After tHE 45 min consulting. Can we pay for more time same conversation? Thank you so much for your knowledge

@thejmz Год назад

Hi - i love your content! 2 quick questions: Do y'all have any recommendations for an entity that could help set up some of the structures discussed? Also, is it possible to get an equity loan when/if you move a property you paid cash for to an LLC.

@TobyMathis Год назад

Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby

@StarlynsAgency Год назад

Maybe is crazy but... can a trust put a non profit as beneficiary?

@TobyMathis Год назад

It can, but depending on your goal with having a non-profit as the beneficiary of your trust there might be better ways to achieve your goal.

@la_uruguacha 2 года назад

I will love to do a trust with you , where are you at?

@maximumwoof8662 2 года назад

the principals in the law firm are in various areas, but they function as one unit. lookup anderson business advisors fo their contact info.

@911lucy69 2 года назад

Hi. I love your videos. I have a question, does this also apply when applying for first time land buying rural ? Will the banks or kenders allow me to apply for a mortgage thru an LLC that was created quite short?

@TobyMathis 2 года назад

This will ultimately depend on your lender. Many lenders can wary of an LLC that was formed recently and how no track record from a creditworthiness standpoint. We recommend meeting with lenders to discuss your goals and what they would need to see to approve such a loan. Developing a good relationship can be a huge help in real estate investing.