Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello, my friends and welcome to another episode of Ask Marco,

where I answer your investing related questions.

Today's question comes from Raphael and he says,

Hi Marco, thanks for the great content you provide every week.

I came across your podcast after listening to another real estate investing

podcast and I am getting a ton of value since I started listening six months or so ago.

My question today is in regards to LLCs and how someone would pay themselves through an LLC

if all rental real estate is held in a limited liability company for optimal asset protection.

Here is a scenario.

Say I become financially free today and quit my job.

I own 20 rental units and have a total net

cash flow of $6,000 per month. If my rentals are held in multiple LLCs one

per state that I am invested in and all of those LLCs are held in a Wyoming

LLC as a holding company how do I pay myself through those entities I'm having a

difficult time wrapping my head around that and

would love to hear your thoughts and comments. Thanks for doing what you do,

Raphael. Thanks for the great question. It sounds complicated and I can totally understand how this can be a bit of a brain twister.

I struggled with it for a number of years, believe it or not, until I actually saw the light. I guess I saw through the

matrix. But it's really pretty simple. So really the only LLC or entity that you are paying yourself through is your Wyoming LLC. In other

words it's that top of the pyramid holding LLC that you are actually a direct member in. the LLCs in each of the states that you have property in.

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