350: Rookie Reply: How to Start an LLC for Real Estate Investing

Want to know how to start an LLC for real estate? Whether you’re looking to form investing partnerships or avoid being sued, creating an LLC is one way to protect your personal name and assets. With that said, there are several factors to consider before setting one up!

Welcome back to another Rookie Reply! Each week, our inbox is flooded with questions about LLCs, so we’re dedicating an entire episode to the topic! Tune in as Ashley and Tony share their own experiences with LLCs, their benefits, and issues you might encounter. You’ll learn about the requirements for LLCs, when to put multiple properties under one LLC, how to apply for bank financing, and how to take advantage of business credit cards!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

How to start an LLC for your real estate business

Requirements you MUST meet to keep your LLC in “good standing”

How to apply for bank financing as an LLC (and prevent a deal from falling through!)

The hidden mortgage clause you NEED to know about

Alternative asset protection strategies to consider for your real estate business

The biggest differences between an LLC and umbrella insurance

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Ask Us Your Investing Question

Apply to Be a Guest on the “Real Estate Rookie” Podcast

How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth

Rookie Reply: Do You NEED an LLC for Rental Property?

Get Tips on Maximizing Business Credit Card Points:

The Points Guy

Aunt Kara

Book Mentioned in the Show:

Real Estate Partnerships by Ashley Kehr & Tony Robinson

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-350

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