Disregarded LLC for Real Estate Investing (What does it mean for Real Estate Investors?)
Published 2021-08-24
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Details surrounding these titles are vital to understanding as they make a huge difference in how you file your taxes.
We will be going over our reasons for selecting either a Disregarded LLC or a Partnership LLC, as each comes with advantages and disadvantages.
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Want to make use of the advantage of a Disregarded LLC for Real Estate Investing? Tune in, as we discuss how it can be advantageous for Realtors. Plus, get to know its some unique tax attributes that make them ideal real estate ownership vehicles.
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Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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All Comments (21)
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Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/6k7
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I like your channel and I feel you are one of the more honest and knowledgable YouTubers but the issue is finding someone to do the Real Estate deal under the LLC. I called quite a few agents who don't have a lender to deal with that. A cash deal yes, but not financing.
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You are the man!! You made it simple and to the point.
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This was so informative!! Thanks Clint!
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Great presentation. Thank you.
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Hi Clint! I love your style of teaching, & you are very thorough with everything you explain. Thank you for making such great videos. I have a question. I have several residential properties in AZ all under separate single-member LLC’s. I’m very interested in starting an LLC in WY to act as the member for each property. Can I use the the same LLC in WY to act as the member for each of my LLC’s in AZ? Would one LLC as member in WY suffice, or do the members of each LLC need to be different? Thanks Clint! Mike
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Clint thank you for such informative videos. I have watched a lot of your videos where you have discussed which states should one have an LLC for better protections etc. one question that i don’t have an open view on is being a CA resident and own rental property in CA can i still register my LLC outside of CA (say WY) and have the CA property under this WY entity? Thank you again for such amazing work on YouTube.
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Great information! Thanks Clint! A C corp election for holding llc (IRS form 8832) must be filed every year or good 'till...Also, In same scenario, SM WY holding LLC treated as C corp by IRS files annually or quarterly? I see an advantage in some cases to file as C-corp status due to separation of assets and fringe benefits to owner of C-corp llc unless there's major bookkeeping CPA / Legal/State fees. (SFR rentals in NY/PA SM S-LLC, ShortTerm rentals in same states SM S-LLC)
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Awesome stuff!!
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Hi Clint, thanks so much for this, it is very educative. I have a question- I live in Texas & I own 1 rental property & intend on getting more. However, I do not have a holding company. What do I do as far as where to create a holding company, having a partnership and minimizing taxes? Thank you
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Very helpful, thanks very much! Can your own c Corp or a land trust be one of the 2 members of a LLC taxes? Thanks!
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Hi Clint. Thank you for the content you are creating. What would you say is the better LLC structure for flipping land: series LLC or disregarded entity? Thanks!!
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Another topic: as a general partner of a LP or manager managed LLC, how to best protect yourself as the manager of a LP or LP?
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Hi Clint, Thanks for sharing the information. Question - Got a few paid-off rentals in Florida, all are in one LLC that has me and my spouse as partners. The local lawyer suggested creating a separate LLC for each property and then put all LLCs in a holding company. What would be your suggestion? I understand from asset pro it's a better way but what type of structure should this holding company be and then further into estate planning structuring for tax purposes. Thanks again
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Good stuff 👍
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Nice one Clint! If I have Wyoming holding LLC with disregard LLC for each property with the state the property is located. Do I need a checking account for every one of the disregard LLCs?
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Thanks for the great videos. What about spouses 50/50 partnership LLC’s in California community state? Can we have a choice to elect partnerships LLC or must consider as disregarded ? Thanks
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Clint, do a video on using two entities as a partnership.
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Hi Clint - thanks for creating these awesome videos! If I may ask a quick question - I have set up a Partnership LLC (Manager Managed) in WY, of which we have an EIN. We have also created a Single Member LLC in SC for mine and my business partner's properties. Will I need to have a new EIN for that SC entity? Especially if I will be trying to set a bank account for that SC specific LLC.
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Hi Clint thank you to clarify my previous questions. I have follow questions, my new current LLC formed and registered as solo member even EIN from IRS , how this my current LLC will turn into partnerships? What documents do I have to make to add my spouse as member? Thanks!
