Brought to you by the Every Dollar App. Start budgeting for free today.

Jason is in San Antonio, Texas. Love your town, Jason. What's up?

Thanks. I'll 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.

Uh, thank God.

Way to go.

Um, thank you, sir.

Um, we are in a position 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 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 um 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 $5 million 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.

...