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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Jason is in San Antonio, Texas.

Love your town, Jason.

What's up? Start off by thanking you, you've changed my life.

On our last three real estate transactions we've

definitely been blessed and we are on baby step seven. Thank God.

And thank you're

uh... we are in a position of where we could potentially be looking at a real estate

investment and uh... i know you have prolific experience in investing and I wanted to ask your opinion on setting up

potentially a business to invest in like an LLC or under my name and then how to properly find investment properties to invest in and then

obviously you know how do we how do we manage it you know do we do flips do we do rentals what's your opinion on stuff

like that okay well there's a lot of different things you can do there

that's a whole real estate course you're talking about in a sense.

But the, as you probably have already figured out,

I'm unusual and I pay cash for all mine or I don't buy it so that's thing one I do

put all of our properties in an LLC we don't buy residential houses anymore in our situation. We've got a bunch of them, but we're not adding any.

When we were buying those we would put up to five million dollars worth into an LLC and then we would form another

LLC. The reason for that is if an LLC owns the rental house the tenant gets

drunk and falls off the porch and decides it's your fault and

sues you they have to sue the owner of the house which is the LLC.

Exactly. Okay. which is the LLC.

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