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İçerik Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and Real Estate Investing with Marco Santarelli tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and Real Estate Investing with Marco Santarelli veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
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Ask Marco: LLCs, Bank Accounts & Umbrella Policies...

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Manage episode 447423628 series 2319308
İçerik Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and Real Estate Investing with Marco Santarelli tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and Real Estate Investing with Marco Santarelli veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

Click Here for the Show Notes

----------------------------------------------------------------------------------------------------------------

Summary

In this episode of the Passive Real Estate Investing show, Marco Santarelli addresses listener questions regarding the establishment of LLCs for asset protection, the importance of insurance policies, managing finances through separate bank accounts for LLCs, and finding a knowledgeable tax strategist for real estate investments. The conversation emphasizes the significance of proper financial management and legal structures in building wealth through real estate.

----------------------------------------------------------------------------------------------------------------

Timestamp

02:24 Setting Up an LLC for Asset Protection
06:39 Understanding Insurance: The Umbrella Policy
09:57 Managing Finances: LLC Bank Accounts
10:27 Finding a Tax Strategist for Real Estate Investors

----------------------------------------------------------------------------------------------------------------

Takeaways

  • It's important to have a separate LLC for each property for asset protection.
  • Umbrella policies can provide additional liability coverage but are rarely used.
  • Always keep personal and LLC finances separate to maintain legal protections.
  • Finding a tax strategist who understands real estate is crucial for effective tax planning.
  • Insurance policies should be reviewed regularly to ensure adequate coverage.
  • Using online services can simplify the process of setting up an LLC.
  • Interview potential tax strategists to gauge their expertise in real estate.
  • Consider local real estate investment groups for referrals to tax professionals.
  • Maintaining good records and separate accounts is essential for LLCs.
  • Understanding the nuances of tax law can significantly impact your investment strategy.

----------------------------------------------------------------------------------------------------------------

Easy, stress-free, and personalized business formation for clever people with big ideas.

Get your FREE LLC up and running fast and hassle-free

----------------------------------------------------------------------------------------------------------------

If you missed our last episode, be sure to listen to

TBT: Retire Early with Real Estate – Chad Carson

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

----------------------------------------------------------------------------------------------------------------

Check Out These Links

#LearningRealEstate #AskMarco #PassiveRealEstateInvesting #Turnkeyproperties #RealEstatePodcast #Investment #investors #RealEstateInvestors #RentalProperties #TurnkeyProperties #NoradaRealEstateInvestments #NoradaCapitalManagement

  continue reading

495 bölüm

Artwork
iconPaylaş
 
Manage episode 447423628 series 2319308
İçerik Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and Real Estate Investing with Marco Santarelli tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and Real Estate Investing with Marco Santarelli veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

Click Here for the Show Notes

----------------------------------------------------------------------------------------------------------------

Summary

In this episode of the Passive Real Estate Investing show, Marco Santarelli addresses listener questions regarding the establishment of LLCs for asset protection, the importance of insurance policies, managing finances through separate bank accounts for LLCs, and finding a knowledgeable tax strategist for real estate investments. The conversation emphasizes the significance of proper financial management and legal structures in building wealth through real estate.

----------------------------------------------------------------------------------------------------------------

Timestamp

02:24 Setting Up an LLC for Asset Protection
06:39 Understanding Insurance: The Umbrella Policy
09:57 Managing Finances: LLC Bank Accounts
10:27 Finding a Tax Strategist for Real Estate Investors

----------------------------------------------------------------------------------------------------------------

Takeaways

  • It's important to have a separate LLC for each property for asset protection.
  • Umbrella policies can provide additional liability coverage but are rarely used.
  • Always keep personal and LLC finances separate to maintain legal protections.
  • Finding a tax strategist who understands real estate is crucial for effective tax planning.
  • Insurance policies should be reviewed regularly to ensure adequate coverage.
  • Using online services can simplify the process of setting up an LLC.
  • Interview potential tax strategists to gauge their expertise in real estate.
  • Consider local real estate investment groups for referrals to tax professionals.
  • Maintaining good records and separate accounts is essential for LLCs.
  • Understanding the nuances of tax law can significantly impact your investment strategy.

----------------------------------------------------------------------------------------------------------------

Easy, stress-free, and personalized business formation for clever people with big ideas.

Get your FREE LLC up and running fast and hassle-free

----------------------------------------------------------------------------------------------------------------

If you missed our last episode, be sure to listen to

TBT: Retire Early with Real Estate – Chad Carson

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

----------------------------------------------------------------------------------------------------------------

Check Out These Links

#LearningRealEstate #AskMarco #PassiveRealEstateInvesting #Turnkeyproperties #RealEstatePodcast #Investment #investors #RealEstateInvestors #RentalProperties #TurnkeyProperties #NoradaRealEstateInvestments #NoradaCapitalManagement

  continue reading

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