The Benefits of Establishing an LLC for Your Real Estate Venture

Are you interested in a real estate venture? Are you considering starting a new venture? If you are, you should consider establishing an LLC.

Are you interested in a real estate venture? Are you considering starting a new venture? If you are, you should consider establishing an LLC. An LLC is a business entity that can give you many advantages. It is going to protect your personal property, give you tax benefits, and afford you more privacy.

Establishing an LLC for Your Real Estate Venture: Reduce Personal Liability

As the owner of a real estate property, you can be held liable if an accident occurs on your property. If the injured person can show that your negligence contributed to the accident, you could owe thousands or even millions of dollars. This could cause you to sell the property to cover the costs. If you still owe money, you could be forced to pay from your personal funds. They could even take your own home.

So how do you protect yourself? The secret is to own nothing, but control everything. Transferring your real estate property to an LLC reduces your personal liability in case of a lawsuit. If the LLC is the owner of the property, the injured person must sue the LLC. Once the LLC’s funds and properties are gone, they can’t take anything more. Your personal funds and assets are protected.

Tax Benefits

There are also several tax breaks for setting up an LLC. By setting up an LLC, you can avoid double taxation. Your LLC will also allow you to take advantage of qualified business deductions. In most cases, you can take a 20 percent deduction on your business income for tax purposes. You can also deduct costs of advertising your property and maintaining it. Just be sure that you keep accurate records of everything. You don’t want to run into trouble with the IRS.

Establishing an LLC for Your Real Estate Venture: Privacy

There are many reasons that you will want to keep your personal information private. If other people find out that you own a property, you could be bombarded with spam and other business mail. By using an LLC, you can avoid having your name be put on the public records as the owner. Anyone that is trying to determine where the owner of the property lives will get thwarted. Instead, they will only be able to find the place of business. This can be extremely helpful if you have a tenant that gets angry with you.

Real estate is a great way to generate passive income. However, it can quickly turn into a nightmare if you don’t take the proper precautions. By setting up an LLC, you give yourself the ability to protect yourself from many of the things that can go wrong. This protection will increase the likelihood of your new venture working out.

Interested in real estate but don’t want to work alone? Join our team!
 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



New Listing - 19 hours online
$169,990
Multi-Family For Sale
Active
5
BEDS
3
TOTAL BATHS
2640 Saint Charles St
Fort Myers, FL 33916
Evans Addition Subdivision
New Listing - 4 weeks online
$87,000
Land For Sale
Active
0.674
ACRES
LEE
COUNTY
1180 Palm Ave
North Fort Myers, FL 33903
North Fort Myers Subdivision
Price Change - 4 weeks ago
$699,900
Commercial For Sale
Active
0.4677
ACRES
LEE
COUNTY
1517 N Tamiami Trl
North Fort Myers, FL 33903
 
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.18
ACRES
LEE
COUNTY
924 Ridgeway Dr
North Fort Myers, FL 33903
Ridgeway Subdivision
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.24
ACRES
LEE
COUNTY
1299 Old Bridge Rd
North Fort Myers, FL 33917
Gramac Subdivision
$169,900
Single Family Home For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
1,436
SQFT
718 Lady Bird Ln
North Fort Myers, FL 33917
Twin Brooks Estates Subdivision
New Listing - 4 weeks online
$499,900
Single Family Home For Sale
Pending With Contingencies
3
BEDS
3
TOTAL BATHS
2,039
SQFT
2166 Cape Way
North Fort Myers, FL 33917
Yacht Club Colony Subdivision
New Listing - 4 weeks online
$49,700
Land For Sale
Active
0.344
ACRES
LEE
COUNTY
1721 NE 16th Ter
Cape Coral, FL 33909
Cape Coral Subdivision
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
1627 NE 16th Ter
Cape Coral, FL 33909
Cape Coral Subdivision
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
1628 NE 17th St
Cape Coral, FL 33909
Cape Coral Subdivision
$33,800
Land For Sale
Active
0.37
ACRES
LEE
COUNTY
4400 Ruthann Ct
North Fort Myers, FL 33917
Walsh Subdivision Subdivision
New Listing - 4 weeks online
$49,700
Land For Sale
Active
0.356
ACRES
LEE
COUNTY
1805 NE 16th Pl
Cape Coral, FL 33909
Cape Coral Subdivision
New Listing - 4 weeks online
$429,990
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,710
SQFT
3802 Palm Tree Blvd
Cape Coral, FL 33904
Cape Coral Subdivision
$329,990
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,458
SQFT
1104 NW 12th Ln
Cape Coral, FL 33993
Cape Coral Subdivision
New Listing - 4 weeks online
$43,700
Land For Sale
Active
0.344
ACRES
LEE
COUNTY
2206 NW 1st St
Cape Coral, FL 33993
Cape Coral Subdivision
$279,999
Multi-Family For Sale
Pending
6
BEDS
4
TOTAL BATHS
2134/2136 Zaharihas Dr
Lehigh Acres, FL 33973
Lehigh Acres Subdivision
$33,700
Land For Sale
Active
0.244
ACRES
LEE
COUNTY
14121 Cedardale St
Fort Myers, FL 33905
Buckingham Park Subdivision
$33,700
Land For Sale
Active
0.233
ACRES
LEE
COUNTY
6510 Chabot Ave
Fort Myers, FL 33905
Buckingham Park Subdivision
$20,700
Land For Sale
Active
0.231
ACRES
LEE
COUNTY
3853 Hopevale St
Fort Myers, FL 33905
Lehigh Acres Subdivision
$21,700
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
3803 15th St W
Lehigh Acres, FL 33971
Lehigh Acres Subdivision
$73,700
Land For Sale
Active
0.173
ACRES
LEE
COUNTY
17374/376 Dowling Dr
Fort Myers, FL 33967
San Carlos Park Subdivision
$73,700
Land For Sale
Active
0.171
ACRES
LEE
COUNTY
17486/488 Ellie Dr
Fort Myers, FL 33967
San Carlos Park Subdivision
New Listing - 4 weeks online
$48,700
Land For Sale
Pending
0.23
ACRES
LEE
COUNTY
2022 NW 41st Ave
Cape Coral, FL 33993
Cape Coral Subdivision
New Listing - 3 weeks online
$37,900
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
3004 NW 41st Pl
Cape Coral, FL 33993
Not Applicable Subdivision
New Listing - 4 weeks online
$47,000
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
3005 NW 42nd Ave
Cape Coral, FL 33993
Cape Coral Subdivision
New Listing - 3 weeks online
$14,900
Land For Sale
Pending
0.25
ACRES
LEE
COUNTY
3112 17th St W
Lehigh Acres, FL 33971
Lehigh Acres Subdivision
$18,700
Land For Sale
Active
0.25
ACRES
LEE
COUNTY
3216 39th St SW
Lehigh Acres, FL 33976
Lehigh Acres Subdivision
$22,000
Land For Sale
Active
0.25
ACRES
LEE
COUNTY
2816 11th St W
Lehigh Acres, FL 33971
Lehigh Acres Subdivision
$22,000
Land For Sale
Active
0.25
ACRES
LEE
COUNTY
2814 11th St W
Lehigh Acres, FL 33971
Lehigh Acres Subdivision
New Listing - 3 weeks online
$14,900
Land For Sale
Pending
0.241
ACRES
LEE
COUNTY
3101 47th St SW
Lehigh Acres, FL 33976
Lehigh Acres Subdivision
$16,700
Land For Sale
Pending
0.25
ACRES
LEE
COUNTY
2806 50th St SW
Lehigh Acres, FL 33976
Lehigh Acres Subdivision
$24,900
Land For Sale
Pending
0.2182
ACRES
CHARLOTTE
COUNTY
16435 Becasse Dr
Punta Gorda, FL 33955
Burnt Store Village Subdivision
$24,900
Land For Sale
Pending
0.252
ACRES
CHARLOTTE
COUNTY
16142 Juarez Cir
Punta Gorda, FL 33955
Burnt Store Village Subdivision
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.425
ACRES
LEE
COUNTY
702 Zemil Ct
Fort Myers, FL 33913
Mirror Lakes Subdivision
$21,900
Land For Sale
Active
0.227
ACRES
LEE
COUNTY
236 Pennfield St
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
New Listing - 4 weeks online
$21,700
Land For Sale
Active
0.18
ACRES
LEE
COUNTY
424 Alabama Rd S
Lehigh Acres, FL 33936
Lehigh Acres Subdivision
Price Change - 5 days ago
$202,900
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,176
SQFT
422 Valley Dr
Lehigh Acres, FL 33936
Lehigh Acres Subdivision
New Listing - 2 weeks online
$199,700
Single Family Home For Sale
Pending
3
BEDS
1
TOTAL BATH
1,080
SQFT
426 Cactus Cir
Lehigh Acres, FL 33936
Lehigh Acres Subdivision
New Listing - 3 weeks online
$39,000
Land For Sale
Pending
0.331
ACRES
LEE
COUNTY
812 Rue Labeau Cir
Fort Myers, FL 33913
Mirror Lakes Subdivision
New Listing - 4 weeks online
$24,700
Land For Sale
Active
0.3041
ACRES
LEE
COUNTY
700 Fargo Dr
Fort Myers, FL 33913
Lehigh Acres Subdivision
$9,900
Land For Sale
Active
0.2422
ACRES
CHARLOTTE
COUNTY
27215 Earthnut Dr
Punta Gorda, FL 33955
Tropical Gulf Acres Subdivision
New Listing - 3 weeks online
$14,900
Land For Sale
Active
0.226
ACRES
LEE
COUNTY
453 Grant Blvd
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$29,700
Land For Sale
Active
0.335
ACRES
LEE
COUNTY
1926 Magenta Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$24,900
Land For Sale
Active
0.233
ACRES
LEE
COUNTY
1531-1533 E 12th St
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$11,900
Land For Sale
Pending
0.382
ACRES
LEE
COUNTY
509 Ames Ct
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$21,300
Land For Sale
Active
0.506
ACRES
LEE
COUNTY
1220 Michael Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$9,900
Land For Sale
Pending
0.5
ACRES
LEE
COUNTY
1917 Robert Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$11,900
Land For Sale
Pending
0.295
ACRES
LEE
COUNTY
381 Mcarthur Blvd
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$19,700
Land For Sale
Active
0.5
ACRES
LEE
COUNTY
1404 Johns Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$29,900
Land For Sale
Active
0.282
ACRES
LEE
COUNTY
789-791 Bedford Dr
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$14,775
Land For Sale
Active
0.214
ACRES
LEE
COUNTY
1108 Eaves St E
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$107,700
Land For Sale
Active
0.241
ACRES
LEE
COUNTY
10021 Alabama St
Bonita Springs, FL 34135
Heitmans Subdivision
$80,000
Land For Sale
Active
0.25
ACRES
COLLIER
COUNTY
205 2nd Ave
Immokalee, FL 34142
Immokalee Industrial Park Subdivision
New Listing - 4 weeks online
$17,900
Land For Sale
Pending
0.25
ACRES
CHARLOTTE
COUNTY
4224 Elvington Rd
Port Charlotte, FL 33981
Gulf Cove Subdivision

 

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