This is Tereo Media.

Did you know that up to 50% of your lifetime income will be wiped out by taxes?

What if you could stop this madness?

Isn't it about time you play on a level playing field

with the wealthiest 1%? Now you can. Tim Berry, attorney at law, shares here each and every

week current tactics and strategies that anyone can implement to

hack the tax code. Protect your assets and keep what's rightfully yours. It's time for

Tax Hacker Tuesday.

Well, there's so many people who I've met that gosh, they have five houses, they have ten houses, they have 20 houses, and for some reason they feel like they have to have a separate LLC for each property. And I know why they feel that way.

Somebody's told them, oh my gosh, if you have all 10 properties inside one LLC,

I know that LLC gets hit with a lawsuit, you're going to lose

all the equity inside them. Well if you're doing things wrong that's absolutely

correct you will lose all the equity but there's a very simple strategy where you can protect yourself

from losing all the equity if you put all the properties inside one LLC.

And what is that strategy?

That strategy is the dual LLC strategy. For the most part, all

you need is two LLCs. Even if you have 500 properties, just the use of two LLCs is going to give you some pretty darn strong

asset protection. And stop and think about that, by the way. If right now you're running with

four, five LLCs, me and you you know it's an

accounting nightmare it's a hassle to keep up with everything on that and so if we

could knock that down to two LLCs what do you? Is that going to make your life easier?

Yeah, probably. Okay, let's go into the strategy. This is what you do.

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