Is it Better to Use an LLC to Invest in Real Estate? Part 2

Limited liability companies – LLCs for short – can be a useful tool for real estate investors to help minimize their liability on property they own. But LLCs can also be expensive and time-consuming to create, and their liability protection only works if all the paperwork is done correctly. In many cases, good property and umbrella insurance coverage could be just as effective as an LLC at protecting your real estate investments. Tune in for the second part of Ilyce’s two-part rundown on the advantages and disadvantages of using an llc for real estate investing, on this episode of Big Money Real Estate. And be sure to delve in to the archive to watch part one if you missed it yesterday. Check out Ilyce’s Intentional Investor Series to learn everything you need to know to become a successful investor in real estate. Looking for more of Ilyce’s real estate and personal finance tips? Read her blog, see her tweets and follow her on Facebook.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.