Do not buy property in your own name

24 Aug 2023 · 1 min

Watch on YouTube

1:01

In this brief, confrontational YouTube monologue, the speaker warns viewers against holding rental or investment real‑estate in their personal name. He explains that personal ownership exposes the owner to lawsuits from tenants or guests, which could jeopardize personal assets. By purchasing the property through a limited liability company (LLC) the owner shields personal wealth and simplifies future sales or transfers, as the LLC itself can be sold rather than the property title. He clarifies that this advice applies only to investment properties, not to a primary residence, which he discusses elsewhere. The video ends with a direct call‑to‑action to join his newsletter.

Chapters

Do not buy investment property in your own name. If you do, I'm going to put my old King Triton costume on and come shove this trident up your ass. Owning rental or investment property is risky. If a tenant or a guest gets hurt and files a lawsuit, your personal assets could be at risk. If you own that property in your own name, you will be named as a defendant in that lawsuit. And if that happens, your personal assets will be up for grabs. But if you buy that property in the name of an LLC that you have created, everything you own personally will be protected. Plus, if you want to sell that home and you have it in an LLC, the sale or transfer of that home will be made much easier. You won't have to go through the whole process of selling that property. You just sell or transfer your LLC to the new owner. Do not do this for your own personal residence for many reasons that I have discussed in other videos. But for investment property, it is critical. Now join my newsletter in my bio link and we're done.