The Best Legal Entity for Real Estate Investing | Morris Invest

Join us for a special live stream where Clayton and Natali Morris answer your questions about business legal entities for buying real estate.

We'll answer questions like:

Do we need a lawyer? Just one in our state, or one in each state where we own properties?

How hard is it to create corporate formalities for each LLC?

When do you transition from just a landlord to an official LLC?

Can you get a conventional mortgage in an LLC?

Can you refinance a property owned by an LLC?

Could you help to understand how do you go about due-on-sale clause? When an investment property is purchased with conventional mortgage lenders do not lend to LLCs. I would need to transfer the title from personal name to an LLC after closing which may trigger due-on-sale clause.

If you purchase a property with an FHA loan, it’s intended to be owner-occupied. Will the bank refuse to lend to you if they see that you’re buying it under an LLC ?

Do you need liability insurance on each rental property, getting this insurance on the LLC entity itself, or both?

How should you title your LLC?

Are there tax benefits to purchasing rental properties within an LLC?

And much more!

Resources Mentioned:

Rich Dad Poor Dad by Robert T. Kiyosaki: https://goo.gl/mMi8Lk

Freedom Cheat Sheet: https://goo.gl/mjiQYX

Exponentially Grow Real Estate Portfolio: https://goo.gl/QIbl2r

ProVision Wealth Strategists: https://goo.gl/u3MLRk

York, Howell, and Guymon Tax Planning: https://goo.gl/Xp5T9v

Getting the Money by Susan Lassiter-Lyons: https://goo.gl/CPQjHy

MorrisInvest.com/funding: https://goo.gl/hKufnq

Private Money Series: https://goo.gl/0xTVrv

Investing in Real Estate Podcast: https://goo.gl/ATKfwX

Morris Invest blog: https://goo.gl/asNe8n

You Can and You Will by Joel Osteen: https://goo.gl/MwJH4G

Seat of the Soul by Gary Zukav: https://goo.gl/5YSTI5

BOOK A FREE CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/DNIIh0

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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