Is there a definitive book on using LLC's for real estate purposes?

[Brant Richardson]

The title says it all. I'm looking for a highly recommended book on the use of LLC's specific to real estate. I saw this one on Amazon with 4.5 stars but figured I'd ask here because I trust the BP consensus more.

The Real Estate Investor's Guide to Corporations, LLC's, and Asset Protection Entities, by Richard T Williamson.

[Mark S.]

Hey @Brant Richardson ,

I'm interested in responses to your question. I just finished Nolo's book today on starting your own LLC. It was informative, but not exactly what I was looking for. It briefly mentions holding real estate in an LLC, but not the type of book we're looking for.

@Ali Boone posted a link on one of the recent forum posts with a link to her article on utilizing an LLC to hold rental real estate. As she stated in her post, the comments under the article are insightful, too.

I'm not sure what your situation is, but for me, I plan to use leverage and have mortgages on my properties. There are two major reasons I've come across so far that would make it unlikely I'll go the LLC route:

1.) The due-on-sale clause: I don't want the lender to call the entire loan due immediately because I move a property from my personal name to the LLC.

2.) Financing: It sounds nearly impossible for the LLC to get loans directly.

There are other considerations, too, but these are the big ones for me. It looks like I'll probably just get a huge umbrella liability policy.