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Fantastically explained. Concise and to the point. No beating around the bush.

I’m into my first rental property and this is exactly what I needed thank you so much!

Clint you are the man

Great tip as always. Thanks Clint What is the impact on title insurance if transferring the property into an LLC?

Thanks Clint!

Very informative! Good stuff. Thank you Sir!

Good advice at the end. I need to refinance my FHA duplex. A year passed and have them both rented out now. This mortgage insurance is killing me. I'm also scared to refinance and then move it to an LLC because of the rumored due on sale clause. However unlikely it is, it may still happen.

Question: Do you still own the properties after turning them into an LLC and do I retain all rights?

That was kind of confusing. You stated the argument as owner and as a rental property. Even though they can be put both independently under your LLC there are deferent consequences and procedures. I think that's something that need to be clarified. Other than that, that's a good stuff.

I can wait to start investing in tax deeds and liens so I can have you guys help keep me protected and aware I just love the content your awesome

Amazing information

Great video!

I bought a prjmary that now I rent. I have a large umbrella coverage. Do you recommend an LLC for the now rental unit and is there a wallet friendly way of doing so? Does it require transfer of ownership? That’s be at least a few percent of assessed value in my locality. Thanks!

Awesome video, quick and easy to understand, thank you! Question; If I purchase a property in cash under my personal name, can I/should I refinance under an LLC? Just purchased my first property and I am trying to understand how to set myself up properly moving forward, thanks!

Is there any reason you prefer starting an LLC in Wyoming vs Delaware or Nevada? I've done some research toward starting several LLC's, and Nevada seems to be the one best suited for my needs, both for taxes and asset protection.

I'm not clear on the second LLC. I dont understand why have the Wyoming LLC.

Why Wyoming?

Hi Clint- thanks for the great videos! These have been tremendously helpful. If I have a conventional mortgage on my rental investment, am I allowed to change the title / deed to my LLC (if I am the only member of the LLC)? Or, will that trigger cash due on sale (i.e. will I have to pay off the mortgage)? This is something we've had trouble finding clarification on.

Happy New Year Clint. I enjoy your videos, please continue the content. Question, with regards to a rental in the states of PA and CT, is you're company available to place that also into a Wyoming LLC?

This is not an Ad for Wyoming LLC

what if you expect to do a cash out refi 2-3 years down the road?

They can still qualify for a non qm cash out refi

Thank you for the video! How do I switch property from personal name to LLC? and whats the cost? Thank you Clint!

Hi, Clint. Im wonder, If you have the loan under your personal name, and transfer the title into LLC, how do you pay the loan? Because looks like company shouldn't be paying any personal loans. Also WY LLC couldn't protect your name anymore, because property's loan is under your personal name.

Hi Clint, Thank you for putting out great contents. Do you have a recommendation on how to put rental properties into LLC and avoid transfer tax? you have talked about using land trusts in your other videos, but some states like Pennsylvania are not trust friendly and you still need to pay 2% transfer tax even using land trusts.

Las Vegas NV is a rip off for LLC I use to have one

for the Wyoming LLC to be taxed as a partnership, don't I have to have at least two members? so do I list myself individually and also my trust or another LLC as the other member?

What about the house we live in with no mortgage on it anymore. Should we convert it to an LLC and still continue to live in it?

Clint where's the link for the 45 min strategy advisory? I've been trying to reach you for sometime. Love your videos. I just have questions and would like to talk over the phone with one of your advisors or you!

When you speak of moving a rental into a State LLC (same state as property) you, of course, are referring to "deeding the property" over to it. In lieu of that, couldn't I just create a new LLC at the management level? Meaning, setting up a new entity (such as a property management company) at the state and federal levels, and then create an agreement between me, the property owner, and the management entity? This entity would be responsible for managing or leasing the property, effectively shifting the responsibility away from personal assets. All business transactions, such as lease agreements and contracts, could go through the management LLC, providing a layer of protection?

Good afternoon Clint. FANTASTIC videos and new follower here, Thank you very much! I have a question for you. I'm on the process of closing our first rental property (Airbnb, Verb, etc)in a week. We got a Conventional loan but want to change it to a LLC. How long do I have to wait after closing to change it? Thank you so much.

What if mortgage in personal name? Does this matter? How does irs view an llc doing all the operating while it doesnt own it? Should there be a lease that llc pays to owner?

Great Video and thanks for sharing your knowledge. Will the property taxes go up if I put my existing home into a LLC before converting it into a rental property?

What if the property was already purchased under the LLC in the first place? 6-8 months the equity increased. A cash out refinance should still be able to happen no?

Should you put in under a non disclosure LLC or just a regulated LLC?

Hey Clint - videos are awesome. I have 3 properties that I own in my personal name. I'm in the process of a cashout refi on one of the properties that will allow me to payoff the other two mortgages. I believe using the llc loan to pay off mortgages in my personal name will trigger a taxable event for me. Do you have any suggestions how to accomplish moving the property to the LLC and paying off the other mortgages?

Thanks a lot Clint for the video, Regarding transferring Title from your personal name into an LLC, I see how Fannie/Freddie are now allowing this transfer, assuming the original borrower controls the new LLC. Is it permissible for the new LLC to be controlled by a new parent LLC, which is then in turn controlled by the original borrower?

What changes when talking now about commercial real estate rental properties nstead of residential rental?

Great video Clint. Question: I own a property in Texas. Are you saying to put property in Texas LLC and then put that LLC in a Wyoming LLC? Question: I’m applying for SBA loan and they will place a lien on property if we’re approved. Should I wait until SBA loan is approved before placing property in a LLC or would bank 🏦 even allow us once lien is on property? Thanks Clint and keep up the great work

How about divorce ? Well once I hear the whole thing you might mention it

Thanks. So the tax benefit is because the LLC has a higher tax rate and the 10k is taxed on one’s 1040 via K-1 at a lower rate.?

Hey Clint, Question about the ReFI: If I know that I’m going to ReFi my property in the next 12 months so I don’t move my property into an LLC… can I still open an LLC and run all income and expenses through that LLC for tax purposes? Even the LLC doesn’t own/hold the property?

very good information. I have a question. If i buy a property with 25% down payment. The 25% is after taxed money. Can i get my down payment back with rents? what if i borrowed the money from family, i wouldnt want to pay family back with rent that has been taxed a 2nd time.

Great video Clint! I appreciate all the information! I have a question sir, I have a rental property under my name in California that is paid off and I’m looking into getting a HELOC on it to invest in more real estate . Should I keep this rental under my name for now and hold off on putting in it on an LLC or Would you recommend putting it in a personal living trust. Would a personal living trust give me asset protection? Thanks!

Question on the Cash Out Refi in an LLC. You mentioned if i plan on doing it within 6-12 months its not a good idea. Well, if i wait longer maybe 18-24 months, will it work out?

Great Content as always Clint - I've tried getting conventional financing on rental properties in the past but have been turned down by several banks because I had 10+ properties owned. They were all owned in my own name, does moving them into an LLC help me out in this scenario?

Just to be clear. If I want to refi and use equity. I wait 6 months, then refi? Will the bank be ok with me switching it over to an llc after I’ve used it to refinance to get equity money to reinvest in another property?

Amazing Video ? If I had the my rental property for 2 years and now 2024 want to transfer into an LLC . If I decide to refi next year will I still have to pull it out from LLC ? Asking because you stated don’t transfer to early. Thank you !

Great Video! are you able to use a Wyoming LLC and get it's benefits even if you and your property are not in Wyoming?

When preparing deed for transfer into LLC, what is the consideration amount to put on deed? $1 or a realistic sales price?

Great videos Client. Quick question, Can I stay in my own investment property when not renting it out? Are there any restrictions on this? Ie… if we rent out property for 6months of the year and want to stay in it for 6months are selves. Any depreciation or other tax impacts if allowed to stay in it ourselves?

With a llc, do we pay fica social security? Currently, I don't. Also, I live in the multiunit. Does this matter?

So a Wyoming llc helps you build a platform that is impressive to lender , correct me if I am wrong. What does the Wyoming llc do , a bit confused there.

What if i don't want to refinance now but maybe in 2-5 years? Then it can be a problem to do that if I moved it to an LLC and put that llc under Wyoming llc?

You mentioned the six month seasoning period, however if the property is pur chased under an LLC with an all cash offer (not using any financing) is this still subject to the six month seasoning period?

What if I own a very small fleet of rental cars and want to partner with someone who has the same. Would our disregarded LLCs form a 50/50 LLC?

what is a Wyoming LLC or is that just an example of another LLC

Does the Wyoming llc remove the tax by partnership with them or do they cause it to be underwritten

Sir, I'm planning to buy a 2 unit rental which is owned by an LLC for around 1.2 Mil, I'll 100% of the interest in the LLC Will there be close cost for this transaction? Like mention tax, title fee etc?

Thanks for the great video Clint! A main question is can the lender stops me from moving my rental into an LLC? I buy my rentals as owner occupied to take advantage of lower downpayment and lower rate, but what would the bank say if I move it to an llc? or how long after I buy the property I can move it to an llc without triggering rate hike?

When you set up your Wyoming LLC what address should show up on my LLC certificate?

is it a good idea to rent your house to a company which wants to house consultants

If property is already titled in a living trust, can it be put into an llc?

Stopped listening after the 5th "Wyoming LLC " 😂 What a pain. I came here to learn about LLC benefits, not to be brainwashed into WLLC.

Hi, i jave a question. Iam buying a property with 3 people, is it a good idea to buy it as a company or individual. ?

Do you need file state taxes in Wyoming if you establish LLC there or in home state?

Hi Clint, really appreciate your video. I have "heard" of people selling back investment properties held inside LLCs (to themselves) for a $1. Is that real? If so, what's the benefit?

Hi Clint, Thanks for making excellent videos with great info in real estate management. Is it a good idea of having an established Holding LLC own multiple properties first and deed transfer to each sub LLC when it's created? What are the pros and cons in this?