Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Do You Need An LLC?!

18 Jul 2023 · 0 min

Watch on YouTube

0:10

An LLC is worth forming if you have partners or lenders require it. If you're buying solo in your own name, it offers no tax break or liability protection, so skip it.

Do you need an LLC? Comes up all the time. We're going to answer this right now in 30 seconds. If you have partners, absolutely. If you're going to use hard money or sometimes commercial loans and the lenders require it, yes.
If you have different partners on different LLCs, you absolutely do.
However, if you buy in your own name like Dion does, then you don't need an LLC because there are no tax benefits and no asset protection.
There we go. Sole proprietor, LLCs are dumb. Just put it in your own name.

More from Christian

9:31

How To Buy Real Estate When You Have Zero Experience | Objection Series Ep.2

2d ago

0:39

Seattle is cooked

3d ago

0:38

Speak with authority to turn broker rejections into deals - boost your confidence #RealEstate

4d ago

0:34

Turn Broker Objections into Closed Deals - CRE Negotiation Tactics #RealEstate #Negotiation

5d ago

9:39

How to Get Multifamily Deals Under Contract Without Having All the Cash | Objection Series Ep. 1

5d ago

1:04

How I Scaled 500 Apartments in One Texas Market in 12 Months #RealEstate #Multifamily

6d ago

39:16

How to Raise Capital - The right way for every deal

1w ago

1:00

Turning a $12.2M, 200-unit mess into profit - live multifamily turnaround update #Investing

1w ago

1:03

Day 10 Update: Turning a $12.2M, 200-Unit Apartment Complex Around in 80 Days #RealEstate

1w ago

9:59

Day 10: Before Time Runs Out | Saving a Failing 200 Unit Apartment in 90 Days (Ep. 3)

1w ago

0:33

How 2 Direct Deposits Generate $70K/Month from 224 Section 8 Units @ 99.4% Occupancy#RealEstate

1w ago

See all content