If you use THIS real estate business structure, you could pay fewer taxes, have less liability on your hands, and grow your portfolio to new heights without having to worry about losing it all. If you don’t set up your real estate business correctly, you could face larger lawsuit threats, accounting and bookkeeping nightmares, troublesome tax filings, and headaches that aren’t worth the extra houses. Today, expert flipper, BRRRRer, and investor, Tarl Yarber, will walk through how he sets up his businesses.

Tarl is primarily a house flipper. With over 600 homes finished (yeah, 600!), he’s had to face a LOT of risk and a mountain of taxes. Thankfully, he learned sooner rather than later that setting up your business the right way with LLCs, S corps, attorney protections, and more can help you dodge Uncle Sam’s obsession with your wallet. But, even if you’re NOT a house flipper and just invest in rental properties, Tarl shows how you should be setting up your business so you have the least headache with the most passive income possible.

Would you set up your business this way? Did you do something different? How would you rate Tarl’s handwriting? Let us know in the comments below!

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What’s the Most Powerful Business Entity for House Flippers?
https://www.biggerpockets.com/blog/ho...
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LLC vs. S Corporation: Which Is Better for Real Estate?
https://www.biggerpockets.com/blog/s-...
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The Difference Between LLCs, C Corporations, and S Corporations:
https://www.biggerpockets.com/blog/di...
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LLCs for Rental Properties & Bulletproof Asset Protection:
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Follow Tarl on Instagram:
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00:00 How to Set Up Your Real Estate Business
01:20 Active or Passive Income?
03:06 BEFORE You Start
06:21 The Active Income Business Structure
16:56 Who SHOULDN'T Do This
19:07 How Many LLCs Do You Need?
19:59 The Passive Income Business Structure
23:37 Don’t Make Tarl’s Mistake