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Did you know that you can use a self-directed IRA for your real estate investment? I’ve talked about this before and you can read more
Yes, there is such a thing as a “Friendly Lien”. This is a lien against your property held by a party who is friendly to
When dealing with life’s only two certainties, it’s hard to tell which is more painful: death or taxes. Death is painful no matter what. But
A land trust can provide anonymity and asset protection, but how are they treated for tax purposes? It will depend on the type of trust
A Series LLC is a limited liability company that allows you to create multiple entities under one “master LLC”. Each new entity is called a
Are you an investor who buys and sells properties? Do you deal in tax liens or deeds or engage in property investment activities in which
Designating a proper beneficiary is essential for retirement account holders to guarantee their interests will be served. Whether you’re using a Self-Directed IRA or 401(k),
You are probably already familiar with the benefits of a 401(k) for retirement planning. But did you know that using this type of account can
Every year, the IRS updates contribution limits for the various types of retirement plans. If you want to ensure that you are getting the most
Freddy Stein is an active real estate flipper making big moves in the Atlanta market. He currently has four properties he’s rehabilitating, all held under
Do you own a multi-unit complex of any kind? Do you have a property manager on site? If you answered “yes” to both of these
Partnerships, and LLCs taxed as partnerships (MMLLCs), do not pay tax at the partnership level. Instead, their income and losses are passed through to the
The Pass-Through Deduction, introduced by the Tax Cuts & Jobs Act, allows sole proprietors, partnerships, and S-Corporations to deduct up to 20% of their qualified
Whether you have kids now or plan to in the future, paying for college is an undertaking you should plan ahead for. Real estate investors
In previous articles, we’ve discussed the main benefits of holding title to real estate investment property in a land trust. A land trust is just
Are your kids eyeing that expensive out-of-state college? Do you want to see a larger return on your individual retirement account (IRA) investments? On the
When it comes to legal expenses, what can and cannot be claimed as a tax deduction can be confusing. In fact, the answer really depends
As real estate investors ourselves, we understand how difficult it can be to keep up with all the compex legislation surrounding real estate. Today, we’ll
At Royal Legal Solutions, taxes are always on our minds. We know what you are thinking. Tax season is months away! However, now is the
Charities often hold auctions as a way to gain valuable contributions that help better their cause. If you are a real estate investor, you may
As an individual taxpayer, the Internal Revenue Service (IRS) allows you to make certain deductions. For example, you can make miscellaneous itemized deductions in relation
The tax code can be a wonderful thing for real estate investors, especially for those who invest full-time. This is because there is a special
No matter what walk of life you come from you’ll eventually deal with or perhaps serve as a landlord. As a tenant, you must stay
The dozens of day to day responsibilities required to be a landlord can cause important liability concerns to go unattended. Criminal acts and activities may
Over several years of helping landlords fight and win cases, we’ve noticed that the term “protected classes” leads to a lot of confusion. In this
Do you use arrest and conviction records to assess potential tenants before allowing them to rent your property? You might want to read this as
You have a lot of leeway when it comes to screening potential tenants for your property. You can deny tenancy to an applicant based on
LLCs are magnificent legal creatures with a number of fantastic uses. One potential use is that they can act as an investment vehicle for your
As a landlord, you may not understand what is expected of you when it comes to renting out your property to families with children. This
A land trust provides owners with anonymity. This is one of the biggest benefits of establishing a land trust. However, this level of anonymity extends
There are some real estate investors that are secret because they use cash to buy their properties. They do this to keep it off the
With the sheer prevalence of substance use disorders and addiction in the United States, most real estate investors will have to confront the issue of
There are many valid reasons why a landlord may need to enter a tenant’s property. Perhaps the landlord must assist with maintenance or a necessary
Even a good landlord occasionally finds themselves in a tricky situation. When a tenant injures themselves, there are a number of situations in which a
When it comes to having a land trust with someone you are close to, using a power of attorney with a land trust is a
Mold is a serious problem in a number of older homes. Not only can mold aggravate your tenant’s allergies, but it can decrease their quality
One thing I tell all my clients is that they need to put their investment properties into a land trust. A land trust is a
If you are going out of business, owe a significant amount of money to one or many parties, trying to figure out how you will
There is more to liquidating your business assets than just posting a yard sale sign. Below, Royal Legal Solutions help you better understand the scope
When you decide to close your business, it is not as easy as simply pinning a “Closed for Business” sign on the front door. From
There are two main documents to establish when forming an LLC. First is the articles of organization. Next, is the operations agreement. While the operations
Special allocations are often the trickiest things to deal with when it comes to a traditional LLC. However, by not understanding the intricacies of special
Closing your business can be a very stressful time. Not only are you shutting down a chapter of your life, but you also must notify
Forming an LLC with partners can be a lot like a marriage. What partners expect during the duration of the partnership are more clearly expressed
Businesses pay taxes. It is a truth as old as time. However, how a business entity pays taxes vary. For many, the Internal Revenue Service
One of the key elements of asset protection is financial privacy. The only way a savvy real estate investor, such as yourself, can keep their
Single-member LLCs must pay a self-employment tax along with their standard tax on gross income. In fact, 92.35% of net earnings from self-employment, or practically
There are some instances in which a couple who run a business together wouldn’t be interested in creating a formal business entity. The question then
A fictitious business name (FBN) is a trade name for a sole proprietor. They can also be called assumed names or DBAs (doing business as).
A fraudulent conveyance happens when someone illegally transfers assets or property into someone else’s name, such as spouse, friend or family member, or even a
Having a land trust is a good idea for property owners and real estate investors. Land trusts are especially a good idea in case you
When it comes to having a land trust with someone you are close to, using a power of attorney with a land trust is a
An irrevocable land trust is different from a revocable trust. The difference between the two is that once the grantor or the trust owner signs
Today I’ll shed some light on an aspect of land trust that may seem so simple, it’s often overlooked. The naming of a land
LLC stands for limited liability corporation and it is a business structure that combines that of a sole proprietor with a limited liability of a
Florida is one of six states along with Illinois, Indiana, Virginia, North Dakota and Hawaii that have specific statutes allowing a land trust to hold
The history of land trust goes back to Medieval England. The prevalence of lengthy wars, such as the Crusades, led landowners to construct a
Although choosing a trustee for your land trust is an important thing you have to do for your property or assets, it is also a
A limited liability company (LLC) is a great way to protect personal property while simultaneously saving on taxes. A series LLC is a multi-tier business
Most of us would find out pretty quickly if ordinary thieves broke into our homes or rental properties. But did you know that the paper
If you’re thinking about establishing a land trust, you may already know that not all information you read online about them is accurate. One relatively
If you’re not sure how to sell property from a land trust, you’re not alone. Even experienced investors are often unaware of this tool’s mechanics,
Whether you cannot handle the responsibility of your assets and property because you are always out of town or the country for business reasons or
For many entrepreneurs, limiting their liabilities is an important factor when establishing a business. Because of this, most start with a comparison of a limited
California real estate investors face certain regulations and restrictions in their home state. Land trusts, however, are not subject to the same burdensome tax obligations
A lot of folks often wonder whether or not a trustee of a land trust has personal liability under EPA or other Federal regulations. The
A limited liability company (LLC) is a popular way for entrepreneurs to file a business entity. A LLC offers owners a level of flexibility not
The “situs” is the technical legal term for where a trust is located. It’s typical for the situs of a land trust to be located
Tenancy by the Entirety (which is abbreviated T by E or TBE) is a holding title in which a married couple each own 100% of
There are a number of good reasons why an individual would want to pursue a land trust. A land trust involves the transfer of a
There are some real estate investors that are secret because they use cash to buy their properties. They do this to keep it off the
A land trust, or what they call a Title Holding Trust in Illinois, is a trust that the grantor creates to put his or her
Real estate investors that do well are smart folks, but it can be hard for smart people to admit they aren’t experts at everything. Many
More investors have been looking into Multi-Unit properties in the recent years. This is in part because rental properties are in high demand, and millenials
Many landowners often ask the question of whether or not they should form a land trust with multiple beneficiaries. Although you would think they could
The rumors are true, folks: everything really is bigger in Texas. This can be a double-edged sword for real estate investors in Texas, because while
A pass through entity is a business structure, such as an LLC, Series LLC, or S-corporation. We use the term “pass through” because you can
Real estate is big business all over the country, but savvy California investors must be aware of the limitations and unique concerns they face under
It’s time to talk about the f-word: foreclosure. Foreclosure is a very rationale fear for any property owner, and during the housing crisis became something
Unless you’ve been living under a rock or abstained from cable news for your own mental health, you’re probably familiar with identity theft. Identity theft
There are two short answers to the title question: yes, and hell yes. But don’t just take our word for it. Passthrough income is a
Are you a landlord? Do you run your business in a haphazard and lax manner with no regard to how your tenants and other potential
Separating your personal property from your investments is absolutely critical for real estate investors. Ensuring that you do this correctly is important for both saving
I often get asked whether a retirement fund such as IRA can be used to invest in real estate. It’s unfortunate that many real estate
Owning investment property is a lucrative and exciting venture. With 2,654 new renters entering the market every day, it’s easy to see why. However, there
As a real estate investor, your most obvious goal is to make a profit. But in order to make a profit, you need to protect
A proper asset protection strategy lets you sleep easy at night even if you are sued. Below, I will share with you the secrets that
The Delaware Statutory Trust (DST) is a tool wise real estate investors use to avoid the dreaded Franchise Tax that eats into the profits of
The most exciting aspect for owners of a self-directed IRA with checkbook control is to have more direct authority and oversight over the investment and
This is article may appeal to the amateur historians and aspiring empire builders in all of us. We’re going to break down the Delaware Statutory
Self-Directed IRAs offer investment freedom, but they require some explanation. Here are the answers to the most common questions we receive regarding Self-Directed IRAs. 1.
The Roth IRA is a beauty. Everyone should be buying these beasts. By the time you’re done reading this, you will know the primary benefits.
You probably have your eye on a beautiful retirement home. If not, you may want to think about it. In my experience a retirement that
There are a lot of reasons to invest overseas for US citizens, almost all of which are dollar bills. Nonetheless, Uncle Sam will hunt you
You have to think of the IRS like they’re Privateers. Thieves press-ganged into stealing your money. They want to get into your home. They want
After the recession, joint ventures were hotter than documentaries about corruption at investment banks. If you’ve been in real estate since then, you’ve probably entered
Private companies need start-up funding. There are trillions of dollars in retirement plans across the United States. These funds can be invested in your business.
Bad reviews hurt a business. If you own the business that they hurt your soul. Nonetheless, Platforms like Yelp are the gatekeepers to quality now
This article is part 2 of a series with the goal of educating you, the Self-Directed IRA LLC investor, on how to successfully invest &
This article is the grand finale of a series with the goal of educating you, the almighty Self-Directed IRA LLC investor, on how to successfully
The monkeys on Wall Street are sitting there wearing their suits, scratching their heads, and laughing. Why, you ask? Because they’ve successfully fooled the majority
If you’re a kick ass entrepreneur or self employed, this is one article you definitely want to read. But you know, all my articles are
It’s never too early or too late to start saving for your retirement. If you are just starting out, focus on saving as much as
Here you are, years after the housing crisis. The markets are surging higher than ever before and there’s never been a better time to invest
This article is part 3 of a series with the goal of educating you, the Self-Directed IRA LLC investor, on how to successfully invest and
You’re living in the 21st century now, which means you don’t have to put all your eggs in one basket when it comes to investing.
If you don’t have a Self-Directed IRA LLC, you’ve probably at least heard about them. Especially if you’re a regular reader.Once you start looking for
You’ve been saving for a long time, now you’re getting close to the point where you can start taking distributions (finally). If you scroll below
You wouldn’t believe how many people ask me these questions. Especially number 1 on our list. I can promise you that by the end of
Unlike the movies, you won’t just get a call one day telling you that you’ve been named as the Executor or Trustee to a billion
Do you have a private company or start-up that could use some funding? Maybe you’re planning on starting your own soon. Whatever the case is,
To whoever is reading this: Congratulations! You’ve probably either lived long enough to retire or you’re almost there. But before you “cash out” and get
Real estate is more than just about selling and buying. It’s also about signing and copying. You may or may not enjoy doing the “backend”
Do you remember a couple years ago (2015ish) when some guy drowned in actress Demi Moore’s pool? The incident caught the media’s attention and made
Appointing a trustee is easier said than done. How do you know how someone will act once you’re not around anymore? If you appoint the
You probably already know that investing can be a risky business. Some people make it big. Others lose everything. There’s always going to be those
Are you a real estate investor? Chances are you either use an umbrella insurance policy or an LLC to protect yourself from liabilities concerning your
You’ve no doubt seen negative reviews and comments about someone or a business online, maybe even one about you or your own business. A single
You’ve worked hard all your life, and now it’s time to retire, or you’re getting ready to retire. When that time comes, depending on what
With all due respect to any financial masochists in the audience, almost nobody derives pleasure from paying taxes. But it’s kind of part of the
You’re probably already aware some of the countless ways the IRS tries to get your money. Here in the land of the free and the
Have you become estranged one of your heirs? Sometimes, the apple falls far far away from the tree. I hate to sound satirical, but the
Chances are you’ve been steadily growing your IRA for quite some time. Did you know that you can buy a retirement home with a Self
Did your adviser tell you how great annuities are, and how they can guarantee a life time of income for you and your spouse? Yep,
Is it almost time for your son or daughter to go off to college and finally stop mooching off of your hard earned money make
If you’ve been in the real estate business for awhile now, the chances are extremely high that you’ve entered a Joint Venture Agreement at least
For 2017, the IRA contribution limits will remain the same as 2016. This means the following is true for individuals: If you’re under the age
Yes, it’s true. There are plenty of other companies in Texas claiming to be Solo/Individual 401k Plan providers and experts. So what separates Royal Legal
Many investors prefer the individual 401k because it’s specifically designed for small businesses with only owner(s). Individual 401ks offer cost effective and tax efficient investment
If you’re an American citizen, it doesn’t matter where you go in the world. You can’t outrun, or out-fly, the Taxman. Beware the Wrath of
The Self-Directed IRA LLC gives you absolute freedom & control to decide how you invest and what you invest in. When you think about it,
Yes, your IRA can invest in and own bitcoin and other cryptocurrencies. Bitcoin is a form of virtual currency using blockchain technology. Bitcoin can be
“So then I says to the guy, ‘leave the gun, take the Canolli.” Yes, we’ve all seen that movie. When it comes to going over
The short answer is yes. Your Solo 401k does allow for Roth contributions. You can choose to treat contributions under your plan which would otherwise
There are many benefits to setting up a solo 401k. If you’re interesting in learning about those, check out one of our many free resources
When it comes to making investments with a self-directed IRA LLC, the IRS doesn’t tell you what you can invest in. What’s funny is they
You may already be aware of the many rules and penalties your friends at the IRS have when it comes to prohibited transactions. The penalty
Solo 401ks and SEP IRAs have both been around for awhile now. Previously, SEP IRAs were considered better only because they had lower administration cost
Your friends at the IRS just love making new rules for us lawyers to learn. I decided to “share the love” and write this article
Have you ever heard of the Solo 401k plan? The Solo 401k is the most tax efficient way for small business owners, consultants and contractors
If you’re ready to kick your Roth account up a notch, you’re in the right place. Today we will discuss how to easily transfer your
An IRA must be established by a bank, financial institution, or authorized trust company. Which means only banks such as Bank of America or financial
Is your retirement account not working out for you the way you hoped? Or maybe you’re just ready to kick it up a notch and
You’ve got lots of investment options. But not all of them are created equal. This is especially true when it comes to the SIMPLE IRA
A Self-Directed IRA LLC is a great way for hard money and peer to peer lenders to generate tax deferred & tax free returns. Most
Your retirement account is probably one of the most valuable assets you own, as it is for tens of millions of other Americans. But what
Have you ever thought about deducting your custodian/trustee fees from your taxes? That’d be fun, considering you’d most likely have to talk to your custodian/trustee
Royal Legal Solution’s Self-Directed IRA LLC allows you to use your retirement funds to make almost any type of investment on your own without requiring
Just in case the title blew your mind, we’re going to start at the very beginning. What is a Self-Directed IRA LLC? A Self-Directed IRA
Here at Royal Legal Solutions we offer both Solo 401k plans and Self-Directed IRA LLC services. So you can trust us when we say the
As you may already know, Individual Retirement Accounts (IRAs) exist in many forms. If you have income from working for yourself or someone else, you
Do you want to control what you invest in, have a greater variety of investment choices, and have more money to spend during your retirement?
Remembering these tips will not only help you make more money, but they’ll also keep your friends at the IRS happy! So I realize you
Hey, you may or may not know this already. But your Self-Directed IRA is the ultimate retirement solution. A whole world of profitable investment opportunities
Did you know tax liens can be purchased with retirement account funds? Yes, it’s true! By Self-Directing your IRA LLC or Solo 401k Plan investments into tax
Are you an independent contractor or the only employee of a business you own? If so, you may want to learn about the Solo 401k.
Investors who are successful and want more options for retirement investments are wise to take advantage of the Self-Directed IRA. This type of account allows
Welcome to our blog. I congratulate you on taking the time to become the best real estate investor you can be. You’ve come to the
If you don’t own an LLC yet and you plan on getting one, read this first. You may or may not know that you’re required
Believe it or not, as a real estate investor you can only lose money in two ways. Think about it. Either you make a bad
The title of this post says it all. As a real estate investor, you have to understand, lawsuits are a business. When someone wants to
Are you thinking about filing a claim with your insurance company? I wouldn’t bother wasting my time if I were you. Insurance is a total
There's a lot of bad information when it comes to advice about how to protect your real estate investments.
If you’re a real estate investor with assets in your personal name you need to pick up the clue phone. You’re in the most litigated
Whenever you're going into a JV deal. It'll almost always be inside of an LLC where you'll be a part owner of that company.
Whether you’re new to the real estate business or well-established, if you do business outside of your home state you’re going to need a registered
Surprise surprise, for every different kind of LLC, there are also different taxes. It’s important for you to know the different taxes for each kind
All right my fellow real estate investors, let’s break this down. First and foremost, most of the time you can choose which kind of LLC
You’ve likely heard online from some keyboard warrior or a CPA or perhaps even from an attorney that an LLC is easy to sue. This
A pass through entity is a business structure, such as an LLC, Series LLC, or S corporation. We use the term “pass-through” because you can
You may have heard about the self directed IRA before, (especially if you’ve read my blog!) The self directed IRA offers many advantages, including asset
People will tell you that your IRA is safe. I mean come on, it’s a retirement account. Yet in reality, they’re wrong. Your IRA isn’t
Are you in the process of transferring property? Or maybe you’re planning to transfer a property, or even multiple properties in the near future. If
Despite what you might read on the Internet, don’t worry about the due on sale clause. The fact is, since before 1960 we haven’t seen
As a real estate investor, your priority is to get a return on your investment. But if someone, most likely a tenant or other business,
Series LLC is one of the best asset protection companies for real estate investors.
Nightmare in Litigation Means Risking Thousands of Dollars.
Welcome to the real estate industry! You’ll quickly find out how easy it is to lose money when you don’t know what you’re doing. And
As a real estate investor, you have to understand that lawsuits aren't a business.
The basics of asset protection comes down to two parts.
Where do you form a Limited Liability Company? Here are three states where you can form an LLC.
Hide company ownership by following these three steps.
Transferring ownership interest in a Limited Liability Company (LLC) may seem like a straightforward process.
Making your company litigation proof is essential.
Lawsuits are all about how much money someone can get out of you.
Land trust or title holding trusts don't actually provide protection from a lawsuit itself.
Lis Pendens is a potential lawsuit regarding a property.
If you're thinking of waiting to set up your LLC structure, don't.
Judgment proof for a real estate investor: Scott Smith, an asset protection specialist in the real estate industry, helps his clients become judgment proof — if anybody sues you, they get nothing.
Fact: Creditors Want Your Equity Did you know lawsuits don’t need to be resolved with strictly monetary settlements? Creditors can and will attempt to take
Do you realize that a lawsuit can ruin your life? Lawsuits and judgments where even small amounts of money are involved can force you to
Don’t turn back if you own a Traditional LLC–the information below applies to both the Traditional and Series LLCs. The Series LLC is a powerful
If you’re a real estate investor, it’s time to ask yourself an important question: are you protected? Before I began specializing in asset protection I
One day you’re living life, enjoying the profits from your real estate investments. The next day you’re trying to figure out how you got sued.
The public disclosure associated with the identity of the true party in interest and the location where the party may be served with process if suit is filed is called a DBA.
You might think selling your property “as is” offers all-inclusive protection, but it actually fails to dispose several potential legal claims. The reality is that