July 1, 2020

Q&A with Ron LeGrand: Part Three, with Ron LeGrand

Episode 84:

You may know Ron LeGrand as the real estate guy. He’s been at it for 36 years and has bought and sold well over 3000 houses without using his money or credit, and he’s taught hundreds of thousands of people to do the same and still do to this very day. Ron still teaches classes all over America and does live deals with students everywhere he goes.

What you’ll learn about in this episode:

  • Why the price paid for a house using seller financing is none of a tenant buyer’s business and shouldn’t be something to worry about
  • How the “tenancy by the entirety” joint ownership by married couples works with an LLC you and your married partner both own
  • Why it is important to make it clear to the seller that the home won’t be paid off at closing
  • Why the moment you take the title for the property you should have a non-owner occupied insurance policy
  • Why income from a property with a tenant-buyer should go to LLC C, your investment portfolio, instead of LLC B, your operating entity
  • What steps you need to take to fill out a land trust form correctly and how to structure your properties under the land trust
  • How to virtually meet with sellers via video if you can’t meet them in person, and why Ron’s systems will work even in difficult economic times
  • How Ron does pretty house deals in high-end markets the same way he does them in less expensive areas, just with a bigger payday
  • How a single-member LLC differs from a traditional LLC, and why an LLC with multiple owners gives you an extra layer of protection from judgments against you
  • Why tax liens are often slow to redeem or don’t end up redeeming at all, and why quality leads such as those from Ron’s Gold Club are the key to getting deals done

Additional resources:

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