In this video, you will learn the correct way on starting an LLC to refinance your property into rental income. This is the ultimate cash flow strategy especially after refinancing your home and turning your home into a rental property while starting an LLC. This can all be done at the SAME table!
I go through the pros and cons of using an LLC for a rental property along with the specific order and time frame this needs to be done to avoid mistakes and additional legal fees. If done correctly, you will be able to take advantage of the refinance cash out tax-free, and also avoid any penalties to your loan agreements when you create the LLC.
Having the LLC will protect you and your personal assets if something were to happen. This is the best “insurance” to keep your personal life and assets safe from any potential tenant liability claims.
⏰ 🎬 TIME FRAMES🎬 ⏰
00:00 Introduction
01:32 Benefits of Nevada LLC’s
02:42 Move Out, Refi, LLC all at Once!
03:39 Agreement Penalties to Avoid
04:19 Timeline for Transactions
04:58 Tax Free $ From Your LLC
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