How to Prevent 5 Expensive Real Estate Scenarios

How to Prevent 5 Expensive Real Estate Scenarios - Advice from my Attorney

Рет қаралды 7,923

Күн бұрын

⭐ Join Rental Property Mastery, my coaching & learning community:
www.coachcarson.com/RPM-YT
🎙️ Episode 281 - Learn the worst-case scenarios of investing in real estate during this conversation between Coach Carson and his attorney.
📄 Show Notes: www.coachcarson.com/worstscen...
🎬 Timestamps:
0:00 - The best protection
4:18 - Accident to railroad to REI
9:13 - #1 Tenant lawsuit
30:37 - #2 - Contractor lawsuit
37:49 - #3 Foreclosure
47:40 - #4 Bankruptcy
51:36 - #5 Title defects
1:05:58 - Ways to avoid risks
1:07:43 - How to find Ryan
🔗 Connect with Ryan:
• Website: nelsongalbreath.com/about/rya...
• Email: rnichols@nelsongalbreath.com
• Facebook: / wrnicho
--------------------------
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🌐 For everything else: www.CoachCarson.com

Пікірлер: 22

@robhemmerle643 Жыл бұрын

Loved every bit of this. Rarely does anyone get into this side that I love to learn about. So many podcasts are just about getting started but once you are in it, this is exactly what you need to learn.

@CoachChadCarson Жыл бұрын

Thanks for the feedback Rob! That's what I'm going for. The deeper details.

@aao449 4 ай бұрын

Fantastic video!!👏👏 Highly valuable information. Get a good real estate attorney!

@chadhaugen-leathertech4848 3 ай бұрын

We made an LLC for our own prop management and we even charge ourselves a management fee, every quarter we get a distribution and if there is profit this goes into a separate account for us to use if we want. The properties are in our personal names, so this will be the next step. We like taking rent using the business and managing it like a business.

@xolofimusic 5 ай бұрын

Loved the information. Took plenty notes. Thx

@CoachChadCarson 5 ай бұрын

Great to hear! Thanks for watching!

@laurasamaniego5937 Жыл бұрын

Couch Carson, great content! Most people on KZfaq talk about how to start and how to adding more properties but you are the only one that talks about how to protect it once you acquired it. Thanks so much.

@CoachChadCarson 2 ай бұрын

glad to hear that! More and more I've found the same thing. Buying a property is just the start! Now you have to figure out all the other details (so more content coming on THAT)

@shumatsuopost Жыл бұрын

Interesting insights on potential worst-case scenarios for real estate investors. It's important to be aware of these risks and take steps to mitigate them.

@jessescott3558 5 ай бұрын

Excellent work

@mcanultymichelle 7 ай бұрын

Very helpful 🙏

@jimmypritchard5991 Жыл бұрын

Thank you Coach I've been looking for lawyer.

@CoachChadCarson Жыл бұрын

Good luck with your search!

@davidkazakov6232 Жыл бұрын

Very interesting content as always! Quick question - time to invest to new headphones? They dont look cool 🙂

@CoachChadCarson Жыл бұрын

Ha. True. Left my good ones in US when I came to Spain.

@thejohnbeck Жыл бұрын

Before he was spelling his email, I thought he meant Maine, "that's a brave choice in the south", but then he spelled it.

@supoashafa Жыл бұрын

How does Tenant's Rental Insurance protect the Landlord?

@CoachChadCarson Жыл бұрын

I had a tenant caused fire (accident, left stove on) and their insurance paid for damage. No deductible for me or issues with my insurance not renewing after claims

@jsisbeingcensored Жыл бұрын

Hold no harm clause. Boom

@clemryanson Жыл бұрын

The SC Landlord Tenant Act (and I imagine similar Acts enacted in other states) explicitly prohibits indemnification (or hold harmless) provisions in residential lease agreements. See S.C. Code 27-40-33(a)(3) ("(a) A rental agreement may not provide that the tenant: ... (3) agrees to the exculpation or limitation of any liability of the landlord arising under law or to indemnify the landlord for that liability or the costs connected therewith.). This does not apply to commercial leases, however. Indemnification provisions are extremely common in commercial leasing.

@besreal3419 Жыл бұрын

Should my primary residence be in an LLC? I didn't want my name in the searchable pubic record because my ex's enjoy sabotaging women's success. But now realizing if my residence is in the LLC, I could lose it if the company gets sued. How easy is to sell an LLC property or transfer them to my heirs? How do I prove to a realtor that I'm the owner of an LLC property?

@CoachChadCarson Жыл бұрын

It's a good question about residence in an LLC. I don't know. I've not seen anyone do it but doesn't mean you can't. More commonly I have seen people use a form of trust to hold title and keep privacy.. basically your trustee owns the property for you and that's kept private. You can talk to attorneys who specialize in trusts to give you better details.