Avoid Legal Disasters: How NOT Having an LLC Can Ruin Real Estate Careers | Barbara Schreihans

Do you know the risks of not having an LLC in real estate?Make sure to tune in and gain valuable insights from our conversation with Barbara Schreihans. Don't miss out on this enlightening discussion! In this critical episode, we delve into the often-overlooked dangers that real estate professionals face by not establishing an LLC (Limited Liability Company). Join us as tax expert Barbara unpacks the legal nightmares you could encounter and how to effectively shield your assets and future.Subscribe to our channel and hit the notification bell to stay updated with the latest episodes. 🛎️✅Chapters:00:32 - Introduction 01:36 - Barbara's Unexpected Journey into Taxation04:04 - Transitioning to Entrepreneurship in Taxation05:36 - Understanding Real Estate Professional (REP) Status06:28 - Strategies for Non-REP Real Estate Investors07:28 - Importance of Cost Segregation Studies09:20 - Flipping Homes: Tax Implications11:25 - Importance of Having an LLC14:21 - Essential Financial Practices for Real Estate Agents17:51 - Educational Resources for Tax Strategy20:00 - New FinCEN Reporting Requirements for LLCsLooking to scale, grow, and automate your real estate business? Tune in to Real Estate VS Technology UNLEASHED, a podcast that provides valuable insights into the strategies used by top-performing real estate agents across the country. Our in-depth interviews with successful agents will give you the hard-hitting questions you need to ask yourself to achieve and maintain success.In addition to agent interviews, we showcase great technology companies, featuring owners who discuss their offerings and how they can help boost your real estate business.Want to be featured on our show? Schedule your podcast date using the link below:? https://bit.ly/3nj1J85CONNECT WITH US: ▶Subscribe ?     /  @realestatevstechnology8232  Instagram: https://bit.ly/3ZceY7C