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When you're a real estate investor and business owner, it's important to be mindful about how you use your rental income. Obviously, the ultimate goal is to reach financial freedom and live exclusively off your rental properties—but you have to do it correctly!
On this episode of Investing in Real Estate, Natali and I are sharing how to live off rental income! We'll talk about using the money in your LLCs' bank accounts, how to avoid commingling, and how to pay yourself as a real estate investor.
On this episode you’ll learn:
The importance of owning real estate in LLCs.
How to legally use the money in your LLCs’ bank accounts.
How to avoid commingling.
What a holding company does.
How to align your salary with your goals.
The way real estate investors are taxed.
How to legitimately funnel expenses through your business.
The Best Legal Entity for Real Estate Investing
Loopholes of Real Estate by Garrett Sutton
Using the Money in Your LLCs’ Bank Accounts
Find Your Financial Freedom Number
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If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.