HOW I SET UP MY REAL ESTATE BUSINESS | LLC, bank accounts, budget, taxes, business credit

Рет қаралды 15,100

Күн бұрын

In this video I want to share my experience in setting up my real estate business. The video covers the important steps and considerations involved in setting up a business, such as forming a limited liability company (LLC), opening bank accounts, creating a budget, filing taxes, and establishing business credit. I'll provide practical advice and insights into the process of starting a real estate business, with a focus on the necessary legal, financial and organizational aspects. My goal with this video is to educate and guide aspiring real estate entrepreneurs on how to set up and manage a successful business in this field.
LINKS MENTIONED 👇
Budget Template - etsy.me/3JvGt7w
My business/financial binder - amzn.to/3mFJ4CZ
QuickBooks - refer.quickbooks.ca/s/baezjul...
Wave Accounting - www.waveapps.com/
Chase Bank - www.chase.com/
AMEX - www.americanexpress.com/
Brian Jung's Channel - ‪@Jungernaut‬
• 6 Must Have Business C...
• Ultimate Beginners Gui...
TIMESTAMPS ⏰
00:00 Intro
00:27 Meeting with banker
00:56 Meeting with accountant
02:46 Disclaimer!
02:55 How I got started
03:26 Opening the LLC-Scorp
04:05 Having a financial team
04:58 Business bank account
05:12 Updating my broker & license
05:34 My media company
06:07 Budgeting & accounting software
07:29 My business sinking funds
08:22 Credit
09:20 Taxes
09:31 Outro
FOLLOW ME 📲
TikTok - / julienizbaez
Instagram - / julienizbaez
linktr.ee/julienizbaez
WORK WITH ME 🤝
Are you looking to BUY or SELL real estate? Click Here - bit.ly/3VyvVb6
Are you looking for a REFERRAL partner? Click Here - bit.ly/3i6SYv1
SHOP THESE LINKS 🛍️
My Amazon Favorites - amzn.to/3mWZu73
Keywords:
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*Some of these links are affiliate links. I may get a small commission on your purchase at no cost to you!
#finance #realestate #businesstips

Пікірлер: 43

@zulyperez3213 Жыл бұрын

Thank you so much for you content🙏🏻 I’m a new agent and I feel like I don’t even know what I don’t know and your videos are so helpful💕

@JulienizBaez Жыл бұрын

Thank you so much for your kind words! I'm so thrilled to hear that you found the video helpful and enjoyable to watch. ❤️‍🔥

@DanyelleHygrade Жыл бұрын

I first found your page when I was studying for the real estate exam. It’s amazing to see how far you’ve come and it’s now even more motivating since I’m doing the work now as well ❤

@crystalrose.s Жыл бұрын

Thank you for sharing on this topic!!

@juliegoolsbystarr7487 11 ай бұрын

I’m currently studying for my real estate exam. I enjoy your videos and it’s great to see how you have grown-and so young! Very inspiring.

@JayRenegade Жыл бұрын

This is exactly what I was looking for I always wondered if realtors tracked miles and got a LLC for their business. Great info thank you!

@JosephHoolihanRealEstate 4 ай бұрын

This is fantastic. So many things I didn't think of. Thank you!!

@jessicacole6188 11 ай бұрын

This was a great video! I'm new to real estate and trying to get myself together. Your videos are so helpful!

@iraissaldana9394 Жыл бұрын

I have seen a few of your videos and I just subscribed! Thank you for the information. Keep posting!

@JulienizBaez Жыл бұрын

Thank you so much for subscribing and for your kind words! 💕 I'm thrilled to hear that you've found my videos informative, and I'll definitely keep posting more content. If there are any topics you'd like me to cover in future videos, feel free to let me know. Thanks again for your support! 🙌

@JM-pz2ol Жыл бұрын

This is such helpful information. Thanks for sharing.

@JulienizBaez Жыл бұрын

You're very welcome! I'm glad to hear that the video was helpful! 💕

@jaielaine2038 Жыл бұрын

Thank you for this!

@JulienizBaez Жыл бұрын

You're welcome! I'm so happy that I could be of help to you. Thank you for taking the time to leave a comment. ❤️

@abbya956 Жыл бұрын

Great video! Thank you

@JulienizBaez Жыл бұрын

You're very welcome! It means a lot to me that you took the time to watch my video and leave a comment. ❤️

@karinamartinez9441 Жыл бұрын

Good content, please keep posting!

@JulienizBaez Жыл бұрын

Thank you for supporting my channel and leaving a comment. I look forward to creating more content for you to enjoy. 🙌❤️

@BrazenFinesse 7 ай бұрын

Thank you 🙏🏼

@Win12121 28 күн бұрын

thank you so much for sharing! learned a lot, just wondering why you waited to open a LLC, I’m a new agent and that was the first thing i thought of and wanted to know the cons of doing early

@OhPenelope_ Жыл бұрын

Amazing ❤

@JulienizBaez Жыл бұрын

I'm honored that you think so! Thank you for watching and leaving such a nice comment. ❤️‍🔥

@darkangel30569 Жыл бұрын

Julieniz, how did you reach out to the dbpr to let them know that you have a LLC? I definitely have to do the same? Please help.

@lexxieb787 Жыл бұрын

Gracias Julieniez. Can you do a video going more in depth of how you submit your taxes as an S-corp. For example the forms and the process as well as the dates when you submit them. Thanks.

@almmason7 3 ай бұрын

Most businesses have to do this quarterly 4 times a year, especially if she's profitable. Best way to do this is pay a CPA to do it for you. Just don't wait till tax time to start. Start right away w/ a cpa and they submit it for you.

@user-ix5xt7rj7v Жыл бұрын

What is in your business binder? Like examples to hold onto.

@ronchapman7660 5 ай бұрын

I am a new agent and appreciate all the information in your videos. When you formed your LLC did you use your name for the LLC or something different? Branding is important and have seen both pro and con for using name, so I'm at analysis paralysis :)

@realtorwendolyq4760 Жыл бұрын

I’m in Florida as well and I would like to hire an accountant. Any tips on what to look for?

@TheBrightFamilyeats5 11 ай бұрын

Hi I just came across your Video and it was so interested i'm here thinking about getting my real estate license. Any suggestion, thank you?

@crownedbooked6886 Жыл бұрын

❤i love love love your videos. Thank you soo much. Can I ask what is your LLCs name for real estate? I have a virtual assistant business and wasn’t sure if I should just use that and put my RE things under or create another.

@JulienizBaez 2 ай бұрын

I used my name for my LLC 😊 I suggest talking to an accountant or professional regarding the best way to set up your businesses. But I personally have separate LLCs for both my real estate and media business.

@lindseyhavniear4548 Жыл бұрын

Do you teach realtors anything like what you do?

@kimberlinedookie-barron646 Жыл бұрын

Yaaaaayyyy

@JulienizBaez Жыл бұрын

Yay, indeed! Thank you for your enthusiasm and for watching my video. 🥰

@Josh4663 Ай бұрын

Why wait until a certain threshold before opening an LLC? Like why not right away?

@caddymac3 2 ай бұрын

Great video! Did you use your name for the LLC business name? Or did you come up with a name? And if the latter. Did you use something with Realty in it?

@JulienizBaez 2 ай бұрын

Thank you! I did use my name for my LLC to keep it simple. Every state has different rules when it comes to business names. Some prohibit using the word realty if you are not a broker, for example, others may allow it. I suggest checking your local laws. 😊

@caddymac3 2 ай бұрын

@@JulienizBaez Thank you 😊

@Ericka_Rayas Жыл бұрын

Hey girl, I have a question. Do you suggest obtaining the LLC as an agent who is pursuing to buy properties as investments? For example, I am looking to buy a second home but simply to start renting it out. Should I do this under an LLC? Thanks in advance.

@JulienizBaez Жыл бұрын

Hi love! I would recommend first to speak with a professional to help determine the best course of action for your scenario. But it is always good to keep things separate especially agent sales vs investing in RE. It also helps for liability purposes. Hope this helps!

@Ericka_Rayas Жыл бұрын

@@JulienizBaez You’re the best! Thank you.

@gladysr7047 Жыл бұрын

What is the purpose becoming LLC? Like will you be running you own real estate business?

@JulienizBaez Жыл бұрын

Hi! As real estate agents we are independent contractors meaning we are not employees of our brokers. Therefore, we have to be organized/set up as individual businesses. The purpose really depends on each agent. Some common reasons are to save on taxes, to separate personal and business liability/financial, scaling, hiring/payroll, When you produce over 6 figures annually, it definitely helps to have this set up. This is different than having my own brokerage. Hope this answers your question. 🙏