Don’t buy property in your own name

23 Oct 2023 · 1 min

Watch on YouTube

0:40

In this short YouTube monologue, the speaker advises viewers to avoid holding real‑estate directly in their personal name. For a personal residence, he recommends placing the title in a revocable trust to bypass probate and simplify estate transfer. For investment or rental properties, he suggests purchasing them through an LLC or similar corporate entity to obtain liability protection, so that a lawsuit related to the rental does not endanger personal assets. He emphasizes that owning property in one’s own name exposes owners to higher costs, probate, and risk. The video ends with a promotional call‑to‑action to click his picture for a newsletter and to hire his services.

Chapters

People, don't buy property in your own name. If it's personal property, buy it in the name of your revocable trust. If it's investment property, buy it in the name of an LLC or some other corporate entity. The LLC will give you liability protection. For instance, if it's a rental home, buy it in the name of an LLC. If you get sued by someone who rents your home, you'll be protected. Your personal assets will be safe. Buying your personal home in a revocable trust would allow your beneficiaries to get around probate. If you're buying all your property in your own name, you're subjecting yourself to a lot of additional expense and risk. Now say it with me: click my picture, my link for my newsletter, and to work with me.