Clint Coons
Unfortunately for real estate investors, separating fact from fiction when it comes to land trusts can be difficult. A land trust is a simple tool that has been around since King Henry VIII ruled England. Its purpose then, to hide ownership of land (so a commoner would not have to ...
Unfortunately for real estate investors, separating fact from fiction when it comes to land trusts can be difficult. A land trust is a simple tool that has been around since King Henry VIII ruled England. Its purpose then, to hide ownership of land (so a commoner would not have to ...
The Series LLC for Real Estate Investors
For those unfamiliar with a Series LLC, think of it as one company with multiple subsidiaries. Each subsidiary operates as a separate entity with a unique name, bank account and separate books and records, separate liabilities, and possibly even different owners and or managers. However, unlike a traditional parent-subsidiary relationship ...
The Risks of an Onsite Property Manager
If you own a multiunit complex, chances are you have an onsite property manager. Typically these arrangements consist of base pay and free rent, where the amount of pay is commensurate with the number of units and the amount of work. If living onsite is a perquisite to being a ...
Exploring the Benefits of a Real Estate Qualified Estate Plan
When it comes to thinking about asset protection for real estate investing, we tend to focus on LLCs, corporations, tax strategies, etc. What can get missed in all of the discussions is estate planning. As a real estate investor, you may be looking to create extra income to put your children ...
Airbnb Investments during the Pandemic
You have seen the headlines – “Airbnb to layoff nearly 1900 workers” CNBC May 5, 2020 “A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts” WSJ April 28 The facts are that many investors invested in Airbnb with the expectation of generating considerable rental income to justify the ...
Buying at auction can be an excellent way to pick up some exceptional real estate deals, but many investors are unsure how to take the title. As a result, mistakes lead to issues selling the property or potential lawsuits from disgruntled buyers. Buying in Personal Name with Subsequent Transfer When ...
Leveraging Your Retirement Account
When it comes to purchasing real estate with an IRA, the typical scenario works as follows: Roll you traditional IRA into a self-directed IRA Identify the investment then contact your self-directed IRA custodian to close on the property Going forward all income will flow to your self-directed IRA Consider Frank, ...
Protecting Your Assets, Part 2
Last month’s article discussed how a separate tax-paying entity can help the real estate investor appear more bankable. Here are two more important considerations. #2 Using Disregarded LLCs to Hold Multifamily or Commercial Real Estate It’s tempting to set up an LLC for asset protection and at the same time ...
When it comes to planning for real estate investments, many professionals fail to recognize the true needs of most real estate investors. It is often assumed that asset protection or tax reduction should be the focus of any planning. These are very important aspects of your investing, but as a ...
Asset Protection Planning for Real Estate Investments
01:09:18 | As a partner at Anderson Business Advisors & Law Group, Clint Coons is a real estate asset protection expert, avid real estate investor and Think Realty Coach. He wants to help every investor create a well-balanced plan so they can continue to grow their portfolio and have their ...
The Secret Language of Entity Planning
A common mistake I see with real estate investors is the failure of their local professional to truly understand their entity needs. Most real estate investors are told to create LLCs for their investing for asset protection. When it comes to the tax treatment most investors are advised to have ...
Flipping real estate requires access to capital. Most investors fall into one of two categories: investor/deal sponsor or lender/gap funder. Regardless of which side of the coin you are on, it is important to understand the various options available when using financing. The last thing you want to adopt is ...
Understanding Insurance Designations
You have created an entity to hold title to your real estate, but did you change your insurance policy to reflect the change in ownership? Unfortunately, some real estate investors who create LLCs, land trusts or other entities to hold title to their real estate forget or improperly update their ...
If you have set up a self-directed IRA, you have probably done so with the intent to expand your investing options outside of securities and obtain higher returns. However, in pursuit of those returns, you may want to pause and consider whether you crossed any lines subjecting your IRA to ...
What is the best strategy for insuring your real estate entity?
You have created an entity to hold title to your real estate but did you change your insurance policy to reflect the change in ownership? Unfortunately, some real estate investors who create LLCs, land trusts or other entities to hold title to their real estate forget or improperly update their ...
Does your professional advisor truly understand your real estate business?
What is the appropriate entity for real estate investors who buy and sell, wholesale, buy tax liens and deeds, or any other activity that does not require holding on to real estate for more than one year? This question is typically answered as follows – use a limited liability company ...
