Do you need an LLC for rental property investing? Ask some investors, and they’ll hit back with a resounding “of course!” But ask another group of investors, and they’ll tell you “not at all!” This duality causes many rookie investors to become confused, not knowing when to protect their property with the limits that come with an LLC. So how are millionaire investors setting up their properties and partnerships? Or, more specifically, what are Ashley and Tony doing to protect themselves?

Welcome back to this week’s Rookie Reply! We’ve got some great questions queued up for our cabin and campground cohosts, Ashley and Tony, to answer! First, we take a question about what to ask a seller during a final walkthrough, and how talking to tenants may be worth the extra time. Then, we hint at when to ask a listing agent for financials on a commercial property, the great LLC vs. umbrella insurance debate, and finally how to buy an investment property when you’re strapped for cash!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (18885ROOKIE).

00:00 Intro
03:31 Questions to Ask a Seller
09:11 When to Ask for Financials on a Property
13:15 Do You Need an LLC for Rental Property?
18:11 The Best Way to Buy with NO Cash

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Find an InvestorFriendly Agent in Your Area:
https://www.biggerpockets.com/agent/m...
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Do Landlords Need an LLC for Rental Property?
https://www.biggerpockets.com/blog/pu...
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LLC or Umbrella Insurance: Which Is Better for Investors?
https://www.biggerpockets.com/blog/ll...
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Reduce Your Risk, Use An Estoppel Agreement (Free Form Included!):
https://www.biggerpockets.com/blog/20...
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10 Things to Look for in a Final WalkThrough
https://www.biggerpockets.com/blog/10...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or   / wealthfromrentals  
@tonyjrobinson or   / tonyjrobinson  

Episode 248

Show notes at: https://www.biggerpockets.com/blog/ro...

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