Episode #350

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 post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (18885ROOKIE), or click here: https://www.biggerpockets.com/reply?u...'>https://www.biggerpockets.com/reply?u...

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Join the Real Estate Rookie Facebook Group:
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Submit Your Real Estate Rookie Question!
https://www.biggerpockets.com/reply?u...'>https://www.biggerpockets.com/reply?u...
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Grab Your Copy of “Real Estate Partnerships”:
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How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth:
https://www.biggerpockets.com/blog/re...
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Rookie Reply: Do You NEED an LLC for Rental Property?:
https://www.biggerpockets.com/blog/ro...
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Get Tips on Maximizing Business Credit Card Points:
The Points Guy: https://thepointsguy.com/
Aunt Kara:   / aunt.kara  
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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  

Show notes at https://link.chtbl.com/Rookie



00:00 Intro

02:37 Do I NEED an LLC?

06:10 LLC Requirements and Setup

12:10 How to Get Financing with an LLC

22:02 Putting Multiple Properties Under One LLC

32:38 Applying for a Business Credit Card

40:57 LLCs vs. Umbrella Insurance

47:46 Send Us Your Question!