All Forum Posts by: Pedro Claussen

Good to see a fellow attorney on here, and congratulations on starting your real estate investing journey.

To mitigate personal liability, ownership of investment properties is often transferred to a limited liability company (LLC) via deed. It is generally recommended that the LLC be formed in the same state as the property, allowing for smoother legal recourse. By placing the property in an LLC, any liabilities associated with it are generally confined to the entity, helping to insulate personal assets.

For added protection, individual rental LLCs may be held under a Wyoming holding company. Wyoming is recognized for strong laws that help shield business assets from personal creditors and liabilities, offering an extra layer of defense.

These are just some basics and tips for the legal side of things.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hey Pedro,

Get connected with a wholesaler, they often have discounted off market deals.

Start small and learn as you go.

Goodluck with your real estate journey.

@Pedro Claussen

start with a house hack