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December 18, 2023 | read

The Real Estate CPA Podcast Crash Course: Legal Series

Ben Isley

This Crash Course compiles all of our podcast episodes where we interview attorneys about legal matters. In this series we have information about entity structuring, asset protection, and lease agreements.

We also have specific sections for syndicates and flippers.

This Crash Course covers everything from the basic attributes of an LLC and using trusts to plan you estate to creating more advanced and anonymous protection.

We also break down the legal structure of syndications in depth and add some information about how many professionals save on the 15.3% SE tax by using an S-Corp.

Entity Structuring and Asset Protection

Episode 57: Revocable Living Trusts, Family Limited Partnerships (FLPs), and Much More with Kevin Day

This episode is an interview with Kevin Day and includes foundational education on LLCs, estate planning, and trusts. Kevin also speaks about using LLCs in combination with trusts, family limited partnerships, and shadow estate plans.

Estate planning is important in planning for the reality of death. Without an estate plan, an attorney will receive 6-7% of your estate for handling the affairs. To provide the most money to your children or heirs, you need to plan beforehand.

See also: Never Put Rental Real Estate in a Corporation!

Episode 74: Entity Structuring and Asset Protection with Wyoming LLCs with Mark and Andrew Pierce

We continue the entity structure and asset protection discussion with this episode featuring Mark and Andrew Pierce. We discuss more about asset protection for rental property owners including the unique advantages of Wyoming LLCs, using Series LLCs, and even Wyoming trusts.

Episode 35: How to Protect Your Asset with Series LLCs, Anonymous Land Trusts, and More with Scott Smith

In this episode with Scott Smith, we build more on asset protection and Series LLCs and even cover some anonymous types of asset protection. Scott advises on separating the operational activity from the assets of the business. We begin by learn about setting the assets away from public interaction and move all the way through holding companies and Series LLCs.

The Ultimate Guide to Tax Planning for Landlords and Buy and Hold Investors

Episode 99: Keys to Sound Lease Agreements and the Impact of the Coronavirus Crisis on Leases with Ron Rohde

In this episode, Ron Rohde joins us to discuss the components of an ideal lease agreement including the timeline and important clauses. In addition, we speak about the major influence that COVID-19 has had on residential and commercial leases and how this crisis will change leasing.

For Syndicates

Episode 71: Syndication Entity Structures and Other Legal Issues with Caiaccio Law

In this episode, Kevin Caiaccio and Trey Chancellor join the show to discuss a variety of legal topics related to real estate syndication including entity structuring, legal issues when acquiring and disposing of properties, tax strategies they see their clients use, and much more.

Kevin and Trey also speak about the legal considerations for GPs and LPs.

Episode 40: Understanding Real Estate Syndication Law and More with Kim Lisa Taylor

Kim Lisa Taylor joins us in this episode to discuss just about everything you need to know regarding syndication law, including when an offering becomes a security, rules for selling securities, accredited investors, syndication structures, and much more.

Episode 111: Carried Interest and Management Fee Tax Issues for GPs and Sponsors Explained with Kim Lisa Taylor

This week we’re releasing a recording of Kim Lisa Taylor of The Syndication Attorneys and Thomas Castelli discussing the tax treatment of carried interest and other fees that General Partners (GPs) of real estate syndicates and funds receive. This recording was originally published on The Syndication Attorney’s website for replay. This recording includes important information about taxes as they relate to the structure of a deal, K-1s and 1099s, and a Q&A session with Thomas and Kim Lisa.


For Flippers

Episode 16: How Real Estate Agents, Flippers, and Wholesalers Save Thousands in Taxes with S-Corps

Electing to have your business taxed as an S-Corp can provide quite a bit of tax relief. However, you must be aware of the operational and payroll requirements necessary to make this election or run an S-Corp. This involves paying yourself a reasonable salary, subject to the 15.3% SE tax. If you pay yourself more, this is done in the form of distributions, and is not subject to this tax.


Check out the Crash Course tag below for other topics!