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The Smart Way to Deed Property to Your LLC
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Thinking about protecting your property and taking your real estate strategy to the next level? This video dives into a smart, legal approach that savvy property owners are using to safeguard their investments while staying ahead of potential pitfalls. Whether you’re a first-time investor or a seasoned landlord, understanding how to structure your ownership can make all the difference.
In this video, tax expert Karlton Dennis explains the process of transferring property ownership in a clear, step-by-step way that’s easy to follow. He breaks down the legal, financial, and practical aspects of the process, sharing insights that most property owners overlook. If you’ve ever wondered about creative ways to protect your assets or make your real estate holdings work smarter for you, this video is packed with valuable guidance.
Perfect for real estate investors, landlords, and anyone curious about LLCs and asset protection, this video covers essential strategies without getting lost in legal jargon. Learn how to make your property work for you while keeping your personal assets protected. Don’t miss out on this must-watch guide to smart property ownership and tax-savvy planning.
CHAPTERS:
0:00 Intro
0:20 Why Even Bother?
1:06 Step 1: Form Your LLC
1:32 Step 2: Check Your Mortgage — Or Face the Wrath of Your Bank
2:16 Step 3: Draft the Deed
3:29 Step 4: Sign, Notarize, and Deliver
4:01 Step 5: Update Your Insurance
4:30 Step 6: Mind the Taxes
5:14 Step 7: Keep Your Records Clean
5:50 Step 8: Celebrate
6:08 Taking Legal Protection One Step Further
8:17 Common Pitfalls to Avoid
9:17 LLCs and Partnerships
9:38 Looking Toward the Future
10:45 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#deedpropertytollc #realestateinvesting #realestatellc
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