February 13, 2019

Structuring Your Empire, with Ron LeGrand

Episode 41:

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:

  • How to get started and set up your IRA, and then form your LLC with the IRA as the owner
  • Why you should invest in properties through your LLC instead of directly through your IRA
  • Why you should own property through a land trust, and why you should never have your IRA listed as the owner of the property
  • What advantages you’ll get by setting up a land trust, and why the liability benefits are necessary
  • Why you should never directly control the funds in your IRA, and why you will need a manager to control your IRA and LLC
  • Why you need an operating entity for your short-term properties like wholesaling, rehabbing and retailing properties
  • Why your operating entity should be paying for most everything business related so that you’re paying with pre-tax dollars
  • Why you shouldn’t be the only owner of your LLC to protect your assets against predatory litigation
  • Why the rules covering LLCs and trustees vary from state to state, and why your trustee shouldn’t have your same last name
  • How to join Ron in Jacksonville FL on April 3-4 to learn more about land trusts, IRAs, LLCs and estate planning

Additional resources:

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