Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: https://aba.link/kg0
In this video, I’ll explain the crucial steps to setting up an LLC to protect your rental real estate and the eight mistakes real estate investors must avoid.
Get in contact with National Real Estate Insurance Group 👉https://affiliate.nreig.com/Anderson
Entity selection is important for investors to understand regional tax implications.
Learn why simply setting up an LLC isn’t enough for asset protection and how improper property transfer can jeopardize your investment.
I will also address the risks associated with mortgages, particularly the due-on-sale clause, and how it can affect your property when transferred into an LLC.
Tune in to learn how to safeguard your investments properly!
🔔 Stay ahead of the curve. Subscribe for cutting-edge insights on real estate investing, business strategies, and more!
Show Notes:
0:00 Introduction
0:16 Choosing The Entity
2:10 Transferring Property
2:30 Wrong Type of Deed
3:40 Mortgage on a Property
5:43 Not Changing Your Insurance to Name of LLC
7:41 Who The Tenants Pay Rent To
8:23 Not Setting Up LLC in The Same State
11:20 Listing Yourself as Manager or Member
13:50 Outro
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FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers, creditors, or even greedy people out to make a quick buck who want to take advantage of YOU. 👉 Save Your Seat: https://aba.link/3xq
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FINANCIAL PLANNING & RESOURCES
📚 Order Your Copy of “Next Level Real Estate Asset Protection: Comprehensive Strategies for Investors” Here: 👉 https://aba.link/nxtlvl
Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. https://aba.link/b688b6
For financial strategies, podcasts, articles, and details on upcoming workshops, visit https://aba.link/clintaba
Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. 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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