Proper Use of LLCs for Real Estate
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- Опубликовано: 29 янв 2016
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So you either want to enter the real estate industry, or you already have, but what does that mean? What steps do you need to take to protect yourself and your business?
For many, the answer to that question is simple...LLC
Learn more about how to become anonymous AND appear as if you own nothing at our next Free Tax & Asset Protection Workshop. Save Your Seat: aba.link/8c12ea
LLCs are a popular choice when it comes to forming business entities for real estate purposes due to their flexibility and advantages. These advantages can range from taxes to practices, but everyone who chooses to form this entity has their reason.
There are many examples of this that we go over in the video, which prove an LLC can be a big help to you as a business owner when facing obstacles.
If you're 1% negligent, then you're 100% liable. A short but true line that highlights why using an LLC can help you if used properly.
Do you want to use an LLC properly for your real estate business? If so, then tune into the video to learn more about how you can do just that. You’ll also learn a few tips and tricks along the way, so you don't miss out on your future opportunities.
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FREE TAX & ASSET PROTECTION WORKSHOP
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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When this started playing I thought it was a commercial that was selling something. When it kept going and you were giving out the goods I was like "wait for free." YOU GUYS, this is legit info. I have a law degree and can vouch this is the way this is done. I salute you sir. This is a wonderful help for so many.
Thanks
@@ClintCoons Hey Clint I have a question that you may want to address in a video for the masses only if it is a concern for investors. My question is in situations where one deeds in a debt free property with what I heard is a dollar deed, when/if that new "owner" sells the property will they be charged gains tax on every amount over a dollar of the sale? Not sure if I have asked the question properly but with the experience that you exude in this video I know you can make cense of it and if this is the case folks/investors would wish they knew this piece of information before hand. Thank you for sharing all that you have.
I thought that he was doing an infomercial, too.😆 His voice sounds like an announcer...it's very nice and professional, but he sounds like an announcer. But, after listening for a few minutes and looking for the advertising countdown timer at the bottom so I could skip the ad and I didn't see one, I was like, "is this a real video?". After looking at the name of the video, I realized it's real! I'm so glad I checked it out! I'm now subscribed to his channel and became a new fan of this gentleman who is helping a lot of people understand in layman's terms how to navigate through the crazy and VERY confusing world of how to set up and maneuver an LLC. Thanks for sharing!!! 😊
I agree, this is 💯 spot on. 👌
Thank you Kaylia.. 🙏
Excellent video! Great explanation of LLC protections. My lawyer set up an umbrella LLC like this for me, but didn't explain it. At $300 an hour, I wasn't about to have him explain it either. Thank God I found this video. Saved me a bundle.
You killin me🤣🤣🤣
So I pretty much read an entire lengthy book on LLC's a few months ago, to find out what I just learned in a 37 minute video!!??......Thanks for making it visual and more clear..
which book was it?
Great namesake General. Yes, some books are bloated with superfluous time-wasting fluff.
@@bryandasilva3050 lmao 😂
@@billytheweasel why reading is overrated in today's day and age. just overly self qualified authors pulling shit out of their ass to profit off of your time and free advertising from you recommending their books by word of mouth; because of the psychological phenomenon of people feeling elitist that they actually read a book for once. frankly it's a "textbook" business lol. i peep game everywhere
😊
This guy is spot-on with his assessment but the fact that a property owner could be sued for what the valet did is just an indication of how screwed this country is
He couldn't have been sued if he was a PMA owner with a contract where his employees assume full liability for such instances....But why would a B.A.R. member/ATTORNey teach you those pearls of wisdom?
The presenter should give the case name, number, etc. and proof there really was a settlement. It sounds like a story to get people worried so they’ll set up LLCs in multiple states which will generate a lot of fees for this guy and ongoing fees. People can go online and set up their own LLCs in their own states without having to pay a lawyer.
@@brianruschel1934 one may also create a trust and put it in God and create a private contract or covenant and freely operate outside of all jurisdictions.
@@guardiandogoargentinos1385 what's a "PMA owner" ?
@@tyroncline5978 Private Membership Association. Are you looking into starting some kind of business?
This was the best video ever!!! Finally a lawyer that knows law and CPA information 😁😁😁
EXACTLY
It
A million dollar piece of wisdom for free. I am completely dumbfounded at the genius of this information and grateful for it. And I'm not even in real estate. You just won a new fan and potential client. Thanks
Goldmine of info. You helped me learn more half an hour than I learned in school. Thanks!
Same here
I learned more from this video than I did in 4 years at a top 15 university.
how is that so common
This was the best 37 minutes spent on RUclips all month.
As a tax guy I always tell my clients don't find a lawyer, find a great lawyer
John Duston if I am a member of a LLC that LLC has debt does that necessarily mean I have debt ?
He covers this in the video i think
Matthias Bernard no you do not have debt
California ruins everything.
Old as this video is, its gold! The tips open up options we are never told.
I am an Investor in OH. I have spoken to many financial institutions that have told me to get my property out of my LLC in order to secure financing against my free and clear properties, and then they said "You can transfer your properties back into your LLC after you get the monies!!! Mind you they're only giving me 75-80% of my value! SMDH!!! I actually did it once but the loan didn't go through, now I know GOD has his hands on ME, I avoided those TRAPS without knowing, but I was a willing fool searching for OPM.
This Information is Worth Millions People TAKE HEED
Thank You REAP!
I appreciate this video
This is exactly what I need as motivation 🥰
@@sunkim8275 Same here I'm from Philippines, I wish I knew about this bitcoin trading earlier
I suggest everyone should brace up and get bitcoin before it's too late
You got this!
I rarely write reviews but find this video to be extremely informative and good. Thank you for posting this!
the best real estate LLC explanation on youtube!
Thanks
Before today, I knew nothing about LLC’s. Binge watching this channel..
Jadon Petersen
Thanks for watching.
Wow a video with golden advice after golden advice... I've learned more from this free RUclips video than several paid courses. Now this is a damn good lawyer!
Thanks
Recently I got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of my financial advisor. Back to the video, wonderful job there, always look forward to your next content.
It’s almost the same situation here. The difference is that I got off early enough to know that financial planning would help me go a long way. I’m in my 60’s and reaping off my hardwork.
I don’t make that much, but I sure do make enough. However, it will not be a bad idea to hear from a professional.
This is the best content Josh Brolin has put out. Seriously, excellent video and a keeper in my Saved videos.
You know, this is what should be thought in HIGH SCHOOL, forget college!
I hope my husband and I will be needing your services really soon! Thank you! 👍
I’ve only heard amazing things about this company. This video just proved that wow
Hahahah! 2 minutes in I realize this is about how to create shell companies =) I love it. That said, this guy definitely knows his stuff.
sfincione2000 yep🤣
😂😂😂😂 hell yeah
Great video. Straight to the content. subscribed after 5 minutes.
Just set up a consultation with these guys. These guys are the real deal. Giving free info to the public.
Wow, you have the best communications skills I've seen in a long time!
Clint thank you so much for sharing this valuable information about setting up a LLC.
Wow. One of the rare videos that go straight to the point, no bs. Thanks.
Thank you for the detailed content, calm honest delivery of information. Direct shots from the hip are always appreciated!
That was a great presentation 👍
Thank you so much Client for doing this, a serious eye-opener.
An amazing educator! Clear and concise!!! Thank you!
Serious info. verifiable and accurate. INFINITE THANKS.
What an informative video. I'm just getting started with real estate and it's exactly what I was looking for. Thank you!
He should get a role on that sit comedy called ....Modern Family....lol. I can see him doing a skit with the real estate agent dude
Great video Clint. Thanks for sharing your obviously extensive legal RE experience. This has helped me immensely.
No useless information. Right to the point. Subscribed!
This has opened my eyes so much! Thank you!
The best video I have ever seen for business! Thank you for all the informations.
Clint I really like your countenance and appreciate the info you deliver so straightforward. Don't change. PROSPERITY to you, sir. We soon shall do business..
I set up a Land Trust on my own and that did saved my ass from lawsuit and it did. I rented to s.8 scum tenant that took me to small claim. It was filed against me because the stupid tenant was ignorant NOT to know the difference between an entity vs normal name. She redid the process. I sold the house before that. Never ever take title under your name and proper asset protection is a must. I have a sour taste in my mouth with section 8 rental from that experience. I am done with traditional r.e investing. Only whole sale r.e investing from now on.
By the way take this by heart because you need it.
You don't want to own anything but you do do want to control everything.
I am impressed by this attorney Utube i am going to employ his service to set up my business structure for my next venture in r.e investing.
This is the best video on this subject by far on any platform. Thanks so much for your time sir! I wish I can like this video 1000x.
This is freaking mind blowing. Amazing content!! I learned so much :)
Thanks
Great video can't thank you enough for sharing your experience on LLC's with Realestate investing. The man!
This free video made a retainer client for Anderson. Thank you, Clint.
Excellent!
Clint ~ You never disappoint! Thank you so much for consistently encouraging folks like me to access your extensive collection of informational videos & get busy self-educating! Familiarizing myself with the terms, strategies and purpose behind them maximizes the quality of consultation time, while decreasing the overall quantity needed. You guys are brilliant strategists offering protection from every conceivable angle, including paying unnecessary attorney costs! OUTSTANDING! What I love the most about you though, is that you are a real estate investor yourself!! Thank you again for all you & your team do!
Thank you. Much appreciated.
@@ClintCoons Hi. My name is Jean following from Montreal, Canada. This is a very instructive video i have ever watche I am interested to buy tax defaulted properties (tax deeds) in usa hoping to sell them for profit. I think i will have to create some llcs. Can you advise about the cheapest and simple way to proceed.
@@jeanwa I suggest you look at using a limited partnership in place of an LLC. The CRA will hit you with double tax when you use an LLC. We typically set up a limited partnership for our Canadian clients who invest in the US. Use the link in the show notes if you want a strategy session.
I've fallen in love with the Anderson team!
I have been looking for this information for so long. It is hard finding good asset protection info, this video is worth its weight in gold.
OMG! you just blew my mind. I'm a new subbie and I am going to binge-watch all your videos because I have not a clue.
Hi Clint, thank you so much for this info. It really clear up a lot confusion for me.
Thanks for this great info Clint! I will definitely be doing business with you soon.
I also want to see your video on Land Trusts, especially for primary residences.
I found out that if your primary residence is in an LLC, you cannot get the homestead exemption on it, so your primary residence should be in a Trust, not an LLC.
That was another gotcha that most LLC advisors don't tell you...
I learned more here than 10 years of Youtubing real estate investing.
Thanks for watching.
This man knows his stuff definitely learning a lot from his videos!!!
sir you’re the definition of a masterpiece
This was excellent information. Subscribed!
Thank you for the LLC clarity. Wow! Great in depth information for newbie investors.
Thank you counselor, wonderful information, appreciated.
Thank you. Great presentation!
Thank you for a no bull crap straight to the point gold mine of info, I am so pleased from this video I'm more than likely going to go into business with you.
Answer all my questions on creating a LLC for my future property investment. Such a great video.
Complex but vital information. Glad I found this!
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Clint, that was a great video my friend! Thank you! You will be part of my legal team.
Brilliant synopsis of the Business and Real Estate Law. Bravo.
Wow! Excellent, Excellent video... This guy is sharp and presents the information in a direct and succinct manner. Will definitely be consulting with his company for my LLC purposes.
Great Presentation. I learned a lot. Thank you!
What a eye opener. Thank you very much!
If you have rental property set up as an LLC. You cannot represent yourself in court you need a lawyer to represent your LLC to evict a tenant. It also would be a good idea to have a monthly legal service insurance.
Thank you very very much Clint!!! You are a true role model to me!
Thank you for this video - I learned a lot.
I’ve been waiting for this video my whole life!
for all credit card, PayPal, western union, cash app, bitcoin hacks up to $15,000 or more contact Matty via whatsapp @ +15186023105 OR mattyw193@gmail.com
Me too!!! Its a dream come true:)
Me too
Thank you so much... This is the first video that is complete and I truly understand and appreciate the need for a great Real Estate Lawyer.
Awesome. Thanks for watching
Thank you for breaking it down in simplest terms. I learned more with this video than I have with the last 10 videos I’ve watched.
Glad it was helpful!
So far,I like this guy calm quite informative I'm sure a few will agree, if one was to do business his firm will certainly be tops on the list. Real cool
I live in CA and I had a strategy session with one of your advisors. Nice guy, lots of great information but I was a little confused that he recommended a different strategy than you do in the video. He recommended setting up the Wyoming (or Nevada) LLC, then an LLC for the state you want to do business in. That is the same you recommend. The difference came in that he also wanted the Wyoming LLC to own a California C-corp instead of just taking disbursements on my schedule K. His reasoning was that California would get upset that I was doing business in CA without a formed company here.
I had the same experience with someone at their company. I decided to take the advise elsewhere.
@@edenjewel1966 Where did you get the Advise? Thanks,
I am SERIOUSLY considering talking to you people about this because I am considering both buying lands, but also developing them, and this stuff might be what saves me from disaster!
Sounds great. If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
Clint, Great info and THANK YOU!... I'm very interested in your video over Series LLC. Subscribed and waiting.
Again, many thanks!
AMAZING CONTENT, THANK YOU!!!
Wow this is powerful information thank you
Makes a lot of sense, although the "double fees" problem, you mentioned earlier in the video about the recommended structures of others, is always present. The moral of this story is that you need to have some money upfront, if you want all the protections you described. My view is that these protections are wise for such valuable assets as real estate holdings.
Damn this guy is very knowledgable. He pretty much answered every question that I had in my head as I was watching!
This guy is amazing. Thank you so much
fantastic! thank you very much! >:} learning all i can before i buy.
Excellent! Answered a LOT of nagging questions. Very informative. Thank you.
Excellent video. Thanks for sharing enough granular detail--I hate long teaser videos that provide only vague concepts at a 30k foot view. I'll sign up for your newsletter and will be looking into that platinum package when we buy our 3rd property. The 1st is our primary residence in CA and the 2nd is a rental property in NV. Both are held in our personal names...
Priceless information.
Good God man! Where have you been all my life?!
Awesome video man. Thank you for the invaluable information.
amazing information...thank you for sharing ~ been looking at starting my investment business, but knew the legal side was very important to success. This is great!
Sir if I could give you five thumbs up I would. Excellent video.
Thank you for a well articulated education on LLC's ,I will definitely call your group
Mind 🤯 literally the only person that knows legal + tax + real estate. This guy is 🤴🦸♂️
Thanks
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This video was really amazing. Very knowledgeable and really good details and tips.
This video should be titled How The Rich Stay Rich!
You sounded so bitter. May be work harder and own something and you will see if you want this advice or not.
Really great info, would like to get into real state once I turned 18 next year, But I had this question: What about buying a house/property in the LLC's name? Is it even possible or recommended/better?
Now, this is some must-have info, I have heard some of this before, but not in this way, and I can say now I am hearing the complete solution, to the questions, why, when, and where to form a proper asset protection LLC with anonymity.
Excellent! Man you're good at this thing.
“Excellent “
WoW! This information is worth its weight in gold. I will stay away from CA! lol
@@purushothamc7241 left
@@purushothamc7241 and okk ik o
this gentleman is a badass at explaining this topic! amazing work thank you! Subscribed!
Clint this was BY FAR the most informative video on LLCs and how to structure your business. Thank you for sharing your knowledge!
You are welcome