Do You Need an LLC for Your Investments? with Seth Bradley | 622

Seth Bradley is a real estate entrepreneur and an expert at creating passive income as a highly paid professional. He is a managing partner of his own law firm, Bradley Law Ltd. and the host of the Passive Income Attorney podcast, and he is here today to help us better understand the importance of an LLC to you as an investor.Key Talking Points of the Episode[01:40] Listen to Simple Passive Cashflow! [02:55] Who is Seth Bradley?[04:00] What is Seth’s background?[06:24] How should you set up your LLCs for your rental properties?[09:15] Is it worth putting syndication-type investments in an LLC?[12:09] What are Charging Orders?[13:05] How can having LLCs for your investments help with taxes?[14:22] When should someone hire an attorney to help with the LLC?[15:41] What does Seth do today?[16:24] Why are people not talking much about RV parks?[18:34] Where can you connect with Seth?Quotables“A blue-collar background shows you how to work hard. You learn what it takes for a day’s work, how to trade time for money and provide for your family which is great to a certain extent, but then you have to get over that mindset.”“You’ve gotta have that shift where, how can I create passive income instead of it all just being trading your time for money.”“With respect to rental properties, you can ask 10 different attorneys and you’re gonna get 10 different answers. It really just does depend.”“As an attorney, I would say that it does because you wanna protect yourself from the liability on that property - a slip and fall and you get sued, or a tenant falls off a window, or something like that so you’re protected, but it really just depends on your risk tolerance.”