Don’t make this huge mistake when investing in real estate!

Most people make this mistake when they're buying real estate. It's their LLC structure. When you buy real estate, you want to protect that wealth. You want to protect the asset because there's always risk. There's always liability. You don't want to have all your real estate holdings into one entity, and you definitely don't want to have all of them or any of them in your personal name. So what I do is I have a holdings company LLC that holds each LLC that owns individual assets. And then from there, you also want a property management LLC that manages the property and collects all of the cash flow from the property. And then for each individual asset, you put those in their own LLC. So if you get sued or something happens on that asset, like let's say you have an apartment complex and somebody falls down the stairs and they sue you, that it's only going to sue that LLC and all of your other assets aren't at risk. And then also you have that holding company. It's not you that owns that LLC. So you have an additional layer of protection. And then also your cash flow isn't at risk because your cash flow is going into the property management LLC. So the right LLC structure can truly protect you. It's not just about how much money you make. It's about how much money you keep.