Would you like to learn more about forming LLCs? Schedule a free consultation here: https://aba.link/y1l
In this video, I break down the scenarios where using a limited liability company (LLC) as a real estate investor can actually hurt you more than help you.
While I often recommend LLCs for asset protection, there are specific situations where they’re not the right fit. For instance, if you’re trying to close on residential property with a conventional loan, your lender won’t allow you to close in the name of an LLC.
I also explain why using an LLC when buying property subject-to can trigger a lender to call the loan due, potentially costing you the entire deal. Instead, a land trust is often a safer alternative in those cases.
Plus, I cover how certain states, like Florida, impose taxes and reassessments when you transfer mortgaged property into an LLC.
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FINANCIAL PLANNING & RESOURCES
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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
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CONTACT US
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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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