Clint Coons - The Importance of Entity Structuring for Real Estate Investors

Clint Coons is one the founding partners of Anderson, a legal business and tax advising firm that helps real estate investors protect their assets. Clint is an asset protection expert and has helped many real estate investors structure their businesses to be more successful. In this episode, Clint discusses how he's done well in real estate investing by starting out small, growing his business, and using cost segregation, accelerated depreciation, syndication, passive investing, and capital gains distributions to pay for taxes or defer taxes. He also discusses how team building, teamworking, and a focus on the return on investment are key to success in real estate investing.

Key Highlights:

[00:00 - 06:16] Opening Segment

• Let's get to know Clint Coons
• Diversification as a new asset class of investing
• Narrowing one's focus in order to succeed

[06:16 - 14:34] Investment Strategies

• Save your time and money through entity structuring
• Time is better spent on activities that have a higher value
• Stick to what you're good at and hire professionals for what you're not
• The importance of having a well-rounded financial plan

[14:34 - 22:20] Leveraging Opportunities and Setting the Right Mindset

• The importance of planning ahead
• Having a preservation mindset and not being afraid to invest
• Having a corporation
• Setting up LLCs to funnel income from properties

[22:20 - 35:10] Cost Segregation and Other Ways to Deal with Roadblocks

• Following someone who's already done what you want to do
• Looking at different strategies and legal approaches
• Reducing the cost of purchase or renovation through cost segregation
• Partial asset disposition

[35:11 - 43:14] Closing Segment

• Biggest mistakes that people do
• Connect with Clint with the links below
• Final words

Invest back into yourself by joining Clint's free bi-weekly virtual event! Visit this link to know more.

Quotes:

"You don't want to be the smartest person in the room. If you are the smartest person in the room, then go to the other room, because those are the individuals that are going to teach you." - Clint Coons

"you should hire professionals to do what they're good at, and you should stick to doing what you're good at, and you're going to find you're going to make more money." - Clint Coons

"When opportunities come my way, my first question is, what is it going to do for me?" - Clint Coons

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