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.

 



$109,900
Multi-Family For Sale
Active
2
BED
2
TOTAL BATHS
73-75 Cabana Ave
North Fort Myers, FL 33903
NORTH FORT MYERS Subdivision
$94,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
892
SQFT
Foxmoor #H
5745 Foxlake Dr H
North Fort Myers, FL 33917
New Listing - yesterday
$184,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,431
SQFT
502 SE 18th Ave
Cape Coral, FL 33990
CAPE CORAL Subdivision
New Listing - 2 weeks online
$149,900
Multi-Family For Sale
Active
4
BED
2
TOTAL BATHS
5445 Eighth Ave
Fort Myers, FL 33907
PINE MANOR Subdivision
New Listing - a week online
$59,900
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
1817 NE 23rd Ave
Cape Coral, FL 33909
CAPE CORAL Subdivision
New Listing - yesterday
$139,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,192
SQFT
3232 Carrington Dr
North Fort Myers, FL 33917
NOT APPLICABLE Subdivision
New Listing - yesterday
$11,900
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
421 Tropicana Pky W
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
$135,000
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
1,002
SQFT
19215 Arrowhead Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$134,995
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
958
SQFT
9945 Lake Fairways Blvd
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$12,500
Land For Sale
Active
0.231
ACRES
LEE
COUNTY
2816 NW 6th Ave
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
New Listing - 3 weeks online
$254,900
Multi-Family For Sale
Active
4
BED
4
TOTAL BATHS
5148-5150 24th St SW
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision
$144,900
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
918
SQFT
19847 Eagle Trace Ct
North Fort Myers, FL 33903
PINE LAKES COUNTRY CLUB Subdivision
New Listing - 4 weeks online
$164,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,440
SQFT
4323 7th St W
Lehigh Acres, FL 33971
NOT APPLICABLE Subdivision
Price Change - 3 weeks ago
$249,900
Multi-Family For Sale
Active
4
BED
2
TOTAL BATHS
18645/647 Holly Rd
Fort Myers, FL 33967
SAN CARLOS PARK Subdivision
Price Change - 4 weeks ago
$249,900
Multi-Family For Sale
Active
4
BED
2
TOTAL BATHS
18669/671 Holly Rd
Fort Myers, FL 33967
SAN CARLOS PARK Subdivision
New Listing - yesterday
$6,900
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
4725 NW 38th Pl
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
$249,900
Land For Sale
Active
0.914
ACRES
LEE
COUNTY
17107 Serengeti Cir
Alva, FL 33920
SERENGETI Subdivision
New Listing - 4 days online
$69,900
Land For Sale
Active
1.01
ACRES
LEE
COUNTY
21910 N River Rd
Alva, FL 33920
ALVA Subdivision
New Listing - 4 weeks online
$64,900
Land For Sale
Active
0.25
ACRES
COLLIER
COUNTY
205 2nd Ave
Immokalee, FL 34142
IMMOKALEE INDUSTRIAL PARK Subdivision

 

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