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LLCs for Rental Properties & Bulletproof Asset Protection

Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need⁠—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.

To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.

Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Brian on BiggerPockets:
https://www.biggerpockets.com/users/brianesq?utm_source=youtube&utm_medium=description&utm_campaign=none
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Check Out Brian’s Past Episodes on The Real Estate Rookie Channel:
Episode 105: https://www.biggerpockets.com/blog/rookie-podcast-105-brian-bradley?utm_source=youtube&utm_medium=description&utm_campaign=none
Episode 106: https://www.biggerpockets.com/blog/rookie-podcast-106-brian-bradley?utm_source=youtube&utm_medium=description&utm_campaign=none
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Learn More About Asset Protection or Schedule a Consultation with Brian:
https://btblegal.com/
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Shoot Brian an Email to Connect:
brian@btblegal.com
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Grab David’s Book “Long-Distance Real Estate Investing”:
https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=youtube&utm_medium=description&utm_campaign=none
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Anonymity & Asset Protection for Dummies:
https://www.biggerpockets.com/blog/anonymity-asset-protection-dummies-avoid-law-suits?utm_source=youtube&utm_medium=description&utm_campaign=none
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Do Landlords Need an LLC for Rental Property?
https://www.biggerpockets.com/blog/purchasing-property-llc-why-how?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Youtube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow David on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode 598

Show notes at: https://www.biggerpockets.com/blog/real-estate-595?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
05:10 Quick Tip
06:37 What is Asset Protection?
11:37 How Safe Are LLCs?
21:08 Using a Limited Partnership
25:19 How Legal Entities Protect Your Wealth
29:22 The Bulletproof Trust for Real Estate Investor
49:02 What if Someone Personally Sues You?
51:05 Financing When Your Properties are Protected
53:56 Cryptocurrency and Virtual Real Estate Protection
57:51 Fire Round
01:04:19 Connect with Brian!

#biggerpockets #realestatepodcast #ep598

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