Ep #86: Asset Protection Advice for Real Estate Investors - With Clint Coons

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 8 September 2015

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our guest for this week’s show is Asset protection specialist, active real estate investor, and real estate attorney, Clint Coons. In today's show we're going to speak with Clint about how we, the real estate investor, can best protect our real estate investments.

I’ve received multiple emails over the past few months from listeners who had questions regarding asset protection and I thought that the best way to cover the topic would be by bringing an expert on the show.

In this show you’re going to learn:

How Clint got his start as both a Real Estate Attorney and active real Estate investor
Why you should never take title to an investment property in your own name…ever!
Why having the appropriate insurance coverage on your properties doesn’t mean that your assets are properly protected.
Why obtaining a loan for a real estate deal from the bank that you keep most of your money with is a big no-no and what you need to do to protect yourself.
Why an LLC is the preferred entity structure when forming a JV partnership.
What a series LLC is and when it makes sense to use it.
Why you should never allow your CPA to setup your entity structure
Why it’s best to create the entity for your holding company in Wyoming or Nevada, no matter where you live or invest
The right questions to ask in order to find the right real estate attorney and asset protection specialist for your unique needs.
The reason you should never setup your LLC as member managed.
Why you need to start on your asset protection plan now, even if you don’t yet own any properties.
And much more...

Recommended Resources:

Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Learn more about Clint and his company, please visit https://clintcoons.wordpress.com/

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. This is the Real Estate
0:22.8	Investing for Cash Flow podcast. Now, here's Kevin Buck. Hey guys, Kevin Bup here with episode
0:32.3	number 86 of the Real Estate Investing for Cashflow podcast. We're missions to help you build
0:37.4	and maintain massive amounts of cash flow through income-producing real estate investments.
0:42.7	Our guest for this week's show is asset protection specialist, active real estate investor, and real estate attorney, Clint Coons.
0:50.2	And in today's show, we're going to speak with Clint about how we, the real estate investor, can best protect our investments that we've worked so hard to obtain.
0:58.7	And the show really came about because I've received multiple emails over the past few months from our listeners who have questions regarding asset protection.
1:07.7	And I thought that the best way to actually address these questions would be to bring
1:12.1	an expert onto the show which is what we're doing today with Clint and in the show you're going
1:16.2	to learn how Clint got his start as both a real estate attorney and an active real estate investor
1:22.1	why you should never take title to an investment property in your own name, never ever. Why having the appropriate
1:29.5	insurance coverage on your properties doesn't mean that your assets are properly protected. Why
1:34.8	obtaining a loan for a real estate deal from the bank that you keep most of your money with is a big
1:39.1	no-no and what you need to know to protect yourself. Why an LLC is the preferred entity
1:44.0	structure when
1:44.7	forming a joint venture partnership? What a series LLC is and when it makes sense to use it?
1:51.3	Why you shouldn't hire a CPA to set up your LLC? Why it's best to create the entity for your
1:57.4	holding company in either Wyoming or Nevada no matter where you live or invest.
2:02.9	The right questions to ask in order to find the right real estate attorney and asset protection
2:07.2	specialist for your unique needs. The reason you should never set up your LLC as a member
	...

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