A step-by-step guide to setting up your real estate LLC

Using an LLC is a powerful way to protect yourself from the liabilities inherent in owning rental property. We have had the discussion of whether you should use an LLC or an umbrella policy on the show before so we will dive into the details of setting one up. Today, Emil asks Michael about the process of creating and managing LLCs in regard to real estate investing.

[@crownsofseven0281]

Can you do a video on estate planning. Will trust. Power of attorney etc. When is a good time to do this. Thanks

[@roofstock]

Fantastic, thanks for the recommendation, Jeremy. I will add this to our topic queue.

[@roofstock]

The estate planning episode is coming on Saturday!

[@crownsofseven0281]

@@roofstock awesome thank you. I'll be ready

[@michael.saint-cyr]

How would getting the property in a land trust compare with putting it in an LLC? 🤔

[@roofstock]

For this one, we'd reach out to an attorney to understand the nuances of the differing entity structures as they can differ widely from state to state.

[@cottondai]

Llcd