#1 $396 #2 $517 #3 $540 #4 $146 🥃🎩

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

Agreed with Dion's statements on this. We were recently looking into investing for the first time and were just about to pull the trigger on forming a trust, with holding LLC and another LLC for our first rental home investment ...total price $7000 (which is probably pretty cheap compared to other rates, they even helped create business credit with the purchase of the LLCs, trusts etc) . . . but after watching this video I contacted some personal injury high power trial attorney friends (read below for their response)..I've worked for trial lawyers for 30 years going to jury trials and mediations in large personal injury cases. Most lawyers that create your LLCs have never been to a jury trial for a personal injury lawsuit. They are always going to tell you to protect assets with LLCs.. and I'd say they have no experience in teaching people how to to protect assets if they have never been to trial or handled a lawsuit. The Plaintiff lawyers I work for actually sue insurance companies and corporations for personal injury damages,..at any rate, I thought to myself, what a pain in the ass to invest in props...there's already enough paper work and learning to deal with financing, taxes etc, forming these entities in the beginning is just going to make it harder, more expensive and increase the chance of failure, just as this video brought up.... If you can't save any more on taxes with forming an LLC (b/c you can write of the same expenses as a sole proprietor), then the question is liability from litigation. If you don't have a high net worth, if you don't make 300 or 400k per year as a doctor or lawyer, if you are not worth millions of dollars, then you shouldn't worry about protecting your assets and should focus more on insurance for protection. Save yourself the headache when getting started. Me or my personal injury lawyer friends ARE NOT providing legal advice to you, and you should make your own decisions regarding protecting your assets, but in short: 1. Mom and pop LLCs can be treated in courts as passthrough corporations and lawyers can still find out who owns the anonymous LLCs. 2. It's an expensive and lengthy process for lawyers to go after personal assets and typically plaintiff lawyers are pursuing INSURANCE. 3. In Texas, if you have a high damages lawsuit, you have the Stower's Doctrine to protect the owner. Other Doctrine's probably apply in other states. 4. If the insurance company doesn't pay out, you have a bad faith case against the insurance company. Its easier, more affordable and most likely better to cover yourself in $1M in liability coverage and $5M in excess/umbrella coverage. I think Dion's $300k in coverage is a bit low and my friends also said $1M/$5M would be better. When children are permanently injured, like losing an eye, or something major, their medical and future loss of earnings is oftentimes higher than an older adult. My opinion and plan - I'm skipping the complicated business structure and going with protection through better insurance coverage, as well as performing due diligence in making properties safe and providing good service to rental clients. I think it all works together to help you prevent a lawsuit and anonymous LLCs are not going to protect you are much as you think. When you become a millionaire and have many assets and business adventures, then you can step up to better "protection", but it's not necessary for your first rental or two. You can use the saved money for more insurance and a down payment :) Focus less on corporate structure and focus more on Coach's videos that teach you how to make money in rental properties. Thank you Coach and Dion for this video!

I’m a small rental investor - 5 SFH in DFW. There is no such thing as rentals without stoves. I mean - I can’t imagine renting a home to someone without a stove. Lost of the time I try to have a fridge too. My wife worked for Samsung so we got discounts. Every rental and my home are all Samsung. The dishwashers are the issue - the drain pump. However I do what everyone hates - every home has AHS home warranty. I don’t have to worry about anything. Yes there is a cost to it. AHS is much better in the last two years. I provide nice homes at market rent. I sleep knowing I provide a nice home to families. I guess if you deal with crap homes and want to retire on that - you can. I have micro vent hoods in 4 of 5 rental and primary. Sadly yeah they don’t have external outside venting. I also inspect to make sure they clean cabinets. I make a nice cash flow.

Thanks really good info

I want to set a monkey name for dondo

Super valuable

This girl gave such great tips!! 😉

Great episode Coach and @BrickbyBrickWealth -- as always!

@BrickbyBrickWealth My parents and friends of ours also have a Samsung fridge with broken ice maker. Grrrr!

Great, densely-packed info, Coach. Always worth watching your vids to the very end.

Thank you so much for having me on again! Loved our conversation today! ❤

Chad we can hear u breathing brother

Samsung and LG stay away from. Both use the same circuit board that is problematic and not cheap to replace

You are spot-on about fridges, Casey. The two worst features for longevity are 1. Electronics-- motherboards fail and cost more to replace than the price of the fridge... and 2. Water & Ice in the door. Even for my own home, I would never buy a fridge with either feature.

Agree. Free up countertop space by putting the microwave above the stove.

I’ve got a Samsung fridge that came with my house. The ice maker was already broken lol

GE!!! Great choice. Hotpoint also a workhorse

I worked at Rent a Center and a friend of mine worked at Aaron's, Samsung are the worst, then GE and whirlpool laundry units were sent to service constantly, now Maytag and Amana as well, they're all the same company now. The very best were LG. The big ones were small enough to fit through doorways, they were lighter and I've never sent one to service. I've never taken a range either of any brand but they were uncommon anyway.

Great video ❤

Very helpful Thank you for sharing this

Hi coach your voice is constantly cracking, I think it’s your mic 🎤

Great stuff.

Learned alot! Enjoyed your guest. Very knowledgeable in area of Memphis.

Perfect timing. Thanks!!

By the way if you do an over the stove hood vent people with bring their own counter top microwave and expect you to.

The dumber the appliance the better.

No one is going to move over a microwave !!!! LOL !!!!! Thats just silly !!!!! This lady is killing me !!!! LOL !!!!!

Great episode! Always good to hear what other investors are choosing to purchase.

Excellent timing! Just secured a HELOC and am going to upgrade malfunctioning appliances in my primary residence. Couple days ago I tried searching for a video on this topic I thought I remembered seeing from your channel. Thanks!

You dont want the microwaves about the stove. They go out because they get hot from the stove. Do a vent hood and that pushes them to buy their own counter top microwave. You should have had me on the show lol.

"Those little circular electric burners" = coil burners :)

My brother in law fixes appliances and he says Samsung are the worst

Thanks Coach

In the 1980s when I was a kid, tenants always brought their own stoves and fridges and washers and dryers. Its time we all go back to that !!!!

I put it into my clean and sober living home rental contracts merry Christmas all of the kitchen appliances and the washer and dryer are yours. Dont call me when they break and their answer was no sweat. We get donations all of the time. Its a win win !!!!

In live in Tulsa, how are people wholesaling if it’s illegal? If you don’t have a real estate license.

How do you avoid getting ripped off by your PM asking you for money for fake repairs?

The spread sheet doesn’t work for me. Is it still available?

Your rules do not apply in Australia. You could not buy one property in Australia applying your 1% rule.