Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/pl3

Toby I love your videos! They are awesome! I have been a real estate investor- operator for over 35 years and I have not seen this type of intelligence on the topics anywhere on you tube. Thank you for your great videos. At some point in the future can you go over Alloidal Titles and Land Patents?

Thank you for this knowledge! Just got my first rental and was clueless about the structure. Great info!! 👏

I like the no-nonsense approach and personal experience.

this is brilliant..such crucial info...you went over everything i need to consider, even your side notes are entertaining and pertinent. you have a brilliant way of teaching and conveying the info; great skills and knowledge--thank you

I bought a 2nd home financed under my own name, then rented it out on VRBO & Airbnb. At tax time I received NO benefits because (according to my tax preparer) the mortgage was not held by my LLC. 😢

I find these talks fascinating... I wish I had your knowledge! Thank you!!

Uncle Toby... This was SUPER Valuable (as usual) and I needed this today. Will be setting up a consult. Thank you! 🙏🏾

Thank you for being thorough by going into the reasons why one must look at more than what is on the surface. Excellent presentation 😎👍

Excellent overview of options! Thank you!

Excellent pace Toby, easier to understand your content. Thank you.

Binge watching your videos and learning so much ~ appreciate all of the info you share!

Love the way you explain things. Thank you

Very interesting this guy knows his stuff

You're hilarious! Great showmanship. Everything is excellent especially the "It depends! 😁" great attorney joke.

So much to learn with all your videos. Thank you for doing these videos

hahaha, Toby went to the Graham Stephan school of YT intros and I love it.

Very well thought out! Many thanks!

Love your videos! House hacking tax question here. I’ve found a fair amount of info that discusses the house hacking situation related to passive rental income (schedule E). I’m having a really hard time finding info on house hacking and renting out the portion of the house, in my case a basement ADU, as a short-term non-passive active business (7 days or less with material participation). I do understand the awesome tax benefits of short-term rentals (from you), but what are the things to look out for in the house hacking non-passive active business situation (schedule C)? Anything to worry about in this specific situation versus the passive rental situation. Thank you.

Aren't you required to provide info on your assets during discovery if you're sued?

I'm moving to Washington State. Any great tax professionals you might recommend up there? I know you might hesitate in making recommendations because of liability issues...but if no recommendation, what should I be looking for, questions asked, etc. when looking for a great tax accountant? Thanks in advance.

Thanks for sharing this information god bless you

Wow, I’m listening.. I just made a verbal offer on my first income property. I’m willing to pay cash. The owner is a NFP church fellowship. They like my offer because the property has flaws, it’s a mess, needs repair. No realtor involved. I don’t know how to proceed. Should I have an attorney make a contract, and make a LLC for me? ( upstate New York) thanks again for all the great content.

How to convert a garage into a casita I don't want to use for long-term rentals. What I do a Land Trust on my main house both of them into an LLC separately

Thanx

Buying a new house and looking for rental property as well

Very good information thank you for putting out videos!

build or buy existing property at this time? Fourplex etc

Awesome video, Toby! I live and own a house in Cali, but I'm thinking of building a cottage on lake property I own in Canada, which I plan to rent out during the winter months. I'm a dual citizen, so does the LLC approach still apply to asset protection if the rental is outside of the US?... or would I need to set that up in Canada?

Thank you. I have 3 clients buying each 3 units with FHA, so they'll be house hacking, str, and market rental. Ha. should they create 3 different LLCs all under the land trust. Thank you for this information, your channel is very educative!

Toby, it sounds like i could do a land trust for a wrap around purchase situation?

I really enjoyed this

Your videos are so informative, thank you!

13:01 in this scenario are u leaving the original note the seller had on the property in place when u take over the trustee/beneficiary positions?

Does this work for overseas rental properties?

Can I use a VA benefit to purchase 2nd property and put it in a land trust?

Wow! I work with attorneys. This guy is sharp.

Thank you, Tony

buying huge piece of land. cash sale. it can be subdivided into to multiple uses (one area with a few dozen small homes for daily use and midterm rentals, a venue in one corner, several businesses along one side with road exposure. remaining thousands of acres left pristine as sanctuary. how to structure?

Is there benefit to doing SD trusts that are anonymous for the land trust?

Thank you

Did you know someone the know how do this structure on az ?

20:00

Dear Toby I am a fan, in fact, when you just now said, I know that is a lot, (for you all to digest, in a short video.) Whoa,, I was just thinking I am going to play this over a couple more times so I can thoroughly devour it, mentally and I probably am not going to do the Airbnb, anyway. Because I decided to go live in my Beach rental. and other property is long term. I will be sharing your name with who ever I can get to listen. But my experience is that even tho my family can see that building a portfolio of rental property is indeed building wealth long term. None of my family seems to be interested in long term wealth building. Your probably thinking, she must have a really dumb family! Guess so? Although only some of them, in my opinion.

If I have a WY LLC with 2 members (married couple), the IRS considers it as partnership. Is there any difference for tax purposes than a disregard LCC. Will the couple still be able to move the taxes to personal taxes. Do I have to do anything to make it a disregard LLC. IRS website says there is an exception when the members are spouses. Thanks for your time.

What do you think about cd or gold and silver as collateral

Own rental 2 fam how to transfer to trust so I get medical

Great video. Thanks

How about I live in a condo and plan to move out and use condo as rental and still have loan on it

Sorry I’m late to the party… Is there an avenue for tax benefits with NNN investments?

Toby, say you have opted not to set up an LLC for your first rental. I’m going to be renting my primary residence and move out while retaining my mortgage with my bank. Can I still realize the tax benefits?

Hi Toby, I currently have a home that I live in since 2017 and I’m thinking about having an ADU in it and I’m going to live in the ADU and rent out the main house. Can I change this to LLC even though I live in the ADU? Thanks!

17:52

Great!

why put the first rental into a land trust and then assign no it to an LLC, as opposed to buying it with an LLC and then assigning it to your trust? does it matter either way?

This was a great million dollar nugget. How can we setup a consultation T. Mathis? I need a land trust / private LLC in Florida.

14:35

Is it possible to do 50% 121 Exclusion and 50% 1031 Exchange on single property to reduce risk from market drop?

Gold.

how about house hacking witha a multifamily?

Great video, thank you! So much to take in, I watched it 3 times. I'll probably watch it another 3 times

man. this dude knows his stuff. (spoken as a noob to all this who knows nothing haha)

Great stuff, received the Cat pic too

Thanks for the info 🙂

9:50

I own a fully paid CO OP as my residence, I also have a rental CO OP apartment in the same building in NY state and a Condo townhouse in Florida. , all fully paid. Should I transfer my properties to a separate LLCs?

If I’m setting up a land trust for an Airbnb property, can the trustee and beneficiary be the same ie a Wyoming Llc ?

So llc for me then, got it 😂

You can't be the grantor, beneficiary, and trustee of your trust. You can only be two of the three. What's the difference in this situation?

Where is my profity for example I have profity you give me

Some other lawyers have said, depending on state, that single member LLCs regularly have their veils pierced and that making it a partnership protects against that. Do you agree?

I need to protect my only asset-my house. What is best asset protection?

I SAW on KZfaq! 😖 Haha my lawyer 😒

Hi, What does LLC stated for?

Great video. I like the Wyoming LLC to hide real estate. After 30 years of ownership for the benefit of depreciation it might be necessary to dump the LLC for a 1031 exchange and create a new one. How much does it cost to set up an LLC in Wyoming?

It often seems like owning a rental property outright means that you are the most at risk of losing big. So even if the rental property is inside of an LLC, but that rental property has vested 100% at that point, well, you've got an LLC with a whole lot of assets in it that are open to risk if a settlement goes above the insurance ceiling. So would it be a good idea to do a cash out refi, pay yourself personally, and then go back to the process of paying the mortgage off over the next however many years. That way there's no more than 20 to 50% of the equity vested at any given time?

😂😂😂 Thanks Tobey😹 I have serious questions ❓ re: my property

I want to hire you

I have heard from an attorney that it’s dangerous to have an umbrella policy because when an attorney searches you they see a huge jackpot to go after and know there is probably more. Ex: if your 16 year old son gets in car accident and it’s their fault and attorney sees you have $1M umbrella policy plus auto insurance. I am assuming you disagree because you talk about getting one. Is there any truth to it though?

Love ❤ your cat

How much to have a private session with you?

I received a quick claim I have the same name as the person who gave me the quit claim a few months later a letter came to me (I thought it was for me) and it was from an LLC broker in it she was adding her son on the paper apparently she's using it for Social Security business. I don't understand any of this what does this mean I'm afraid her son will come and kick me off the property she quit claimed to me should I be worried January will make a year and I can put it in my name legally should I be worried I feel like something is wrong

Toby I'm a landlord in Michigan what is the best way to contact you to get me set up properly ?

I have good credit how can i get funding no tax returns no proof of income

Please how do I get in contact with you?

I want to be a rockstar.

This guy plays four dimensional, chess in his sleep!!😅😅

If my Airbnbs are professionally managed, can they then be considered passive income even though I’m considered a Real Estate Professional for my other LTRs since I do not have a W2 job?

I fuckin love this guy

I'm

Keep the utilities in your name, if the tenants stop paying rent the power shuts off

So what is your contact #?

At this rate, if something goes awry, you're up shit-creek!

I’m I have a home mortgage $ 63,000,00 interest and principal $285 a fortnight $565 a month.

Meow

Did you just copy Graham Stephan and his showing a cute picture of an animal thing?

*Is there something simpler please?* *_Like an idiot-proof,_*_ Real Estate for Dummies type, ABC, step by step, guide that doesn't require you to be a legal/accounting, IRS-conversant, mental acrobat Ninja? ...when the greatest level of complexity you have attained is how to determine where you left your keys!_

that my friend, is a cute cat

Nice work as always Toby. I'm a California Estate Planning Attorney. Question - I want a job with Anderson Advisors. How should I proceed?

Thank you