When this started playing I thought it was a commercial that was selling something. When it kept going and you were giving out the goods I was like "wait for free." YOU GUYS, this is legit info. I have a law degree and can vouch this is the way this is done. I salute you sir. This is a wonderful help for so many.
@@ClintCoons Hey Clint I have a question that you may want to address in a video for the masses only if it is a concern for investors. My question is in situations where one deeds in a debt free property with what I heard is a dollar deed, when/if that new "owner" sells the property will they be charged gains tax on every amount over a dollar of the sale? Not sure if I have asked the question properly but with the experience that you exude in this video I know you can make cense of it and if this is the case folks/investors would wish they knew this piece of information before hand. Thank you for sharing all that you have.
I thought that he was doing an infomercial, too.😆 His voice sounds like an announcer...it's very nice and professional, but he sounds like an announcer. But, after listening for a few minutes and looking for the advertising countdown timer at the bottom so I could skip the ad and I didn't see one, I was like, "is this a real video?". After looking at the name of the video, I realized it's real! I'm so glad I checked it out! I'm now subscribed to his channel and became a new fan of this gentleman who is helping a lot of people understand in layman's terms how to navigate through the crazy and VERY confusing world of how to set up and maneuver an LLC. Thanks for sharing!!! 😊
Excellent video! Great explanation of LLC protections. My lawyer set up an umbrella LLC like this for me, but didn't explain it. At $300 an hour, I wasn't about to have him explain it either. Thank God I found this video. Saved me a bundle.
Consider upgrading it with a forgery proof interdiction living Trust and counterfeit free Permission Ledger LLC when Notary Index Crime Enforcement Regulatory Approved Inheritance Administration Lawyers arrive soon to protect us when we're vulnerable and defend our grantees.
So I pretty much read an entire lengthy book on LLC's a few months ago, to find out what I just learned in a 37 minute video!!??......Thanks for making it visual and more clear..
@@6789uiop why reading is overrated in today's day and age. just overly self qualified authors pulling shit out of their ass to profit off of your time and free advertising from you recommending their books by word of mouth; because of the psychological phenomenon of people feeling elitist that they actually read a book for once. frankly it's a "textbook" business lol. i peep game everywhere
A million dollar piece of wisdom for free. I am completely dumbfounded at the genius of this information and grateful for it. And I'm not even in real estate. You just won a new fan and potential client. Thanks
Wow a video with golden advice after golden advice... I've learned more from this free UA-cam video than several paid courses. Now this is a damn good lawyer!
Recently I got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of my financial advisor. Back to the video, wonderful job there, always look forward to your next content.
It’s almost the same situation here. The difference is that I got off early enough to know that financial planning would help me go a long way. I’m in my 60’s and reaping off my hardwork.
This guy is spot-on with his assessment but the fact that a property owner could be sued for what the valet did is just an indication of how screwed this country is
He couldn't have been sued if he was a PMA owner with a contract where his employees assume full liability for such instances....But why would a B.A.R. member/ATTORNey teach you those pearls of wisdom?
The presenter should give the case name, number, etc. and proof there really was a settlement. It sounds like a story to get people worried so they’ll set up LLCs in multiple states which will generate a lot of fees for this guy and ongoing fees. People can go online and set up their own LLCs in their own states without having to pay a lawyer.
@@brianruschel1934 one may also create a trust and put it in God and create a private contract or covenant and freely operate outside of all jurisdictions.
Clint ~ You never disappoint! Thank you so much for consistently encouraging folks like me to access your extensive collection of informational videos & get busy self-educating! Familiarizing myself with the terms, strategies and purpose behind them maximizes the quality of consultation time, while decreasing the overall quantity needed. You guys are brilliant strategists offering protection from every conceivable angle, including paying unnecessary attorney costs! OUTSTANDING! What I love the most about you though, is that you are a real estate investor yourself!! Thank you again for all you & your team do!
@@ClintCoons Hi. My name is Jean following from Montreal, Canada. This is a very instructive video i have ever watche I am interested to buy tax defaulted properties (tax deeds) in usa hoping to sell them for profit. I think i will have to create some llcs. Can you advise about the cheapest and simple way to proceed.
@@jeanwa I suggest you look at using a limited partnership in place of an LLC. The CRA will hit you with double tax when you use an LLC. We typically set up a limited partnership for our Canadian clients who invest in the US. Use the link in the show notes if you want a strategy session.
Now, this is some must-have info, I have heard some of this before, but not in this way, and I can say now I am hearing the complete solution, to the questions, why, when, and where to form a proper asset protection LLC with anonymity.
@Stevens Kaholoaa Same here I'm from Philippines, I wish I knew about this bitcoin trading earlier I suggest everyone should brace up and get bitcoin before it's too late
Thanks for this great info Clint! I will definitely be doing business with you soon. I also want to see your video on Land Trusts, especially for primary residences. I found out that if your primary residence is in an LLC, you cannot get the homestead exemption on it, so your primary residence should be in a Trust, not an LLC. That was another gotcha that most LLC advisors don't tell you...
I'm a newbie and was extremely confused with the video but I upvoted because you are a great teacher and I'm sure after a couple of listens it'll make sense. Two q's. 1. I'm a GA resident buying a property in GA and one in Hawaii. Should I set up 2 LLC's? 2. How much does your firm charge on average? My plan is to have continuous investments and I need a trusted advisor. Thank you.
I live in CA and I had a strategy session with one of your advisors. Nice guy, lots of great information but I was a little confused that he recommended a different strategy than you do in the video. He recommended setting up the Wyoming (or Nevada) LLC, then an LLC for the state you want to do business in. That is the same you recommend. The difference came in that he also wanted the Wyoming LLC to own a California C-corp instead of just taking disbursements on my schedule K. His reasoning was that California would get upset that I was doing business in CA without a formed company here.
THANK YOU! THANK YOU! THANK YOU! This is incredibly helpful. Amazing info! And it's JUST what I've been looking for! This video contained so much more than I expected from the title. I really don't think the title does it any justice. If it were me, I'd title it something like: "What Nobody tells you about LLCs in Real-Estate" or "What the Wealthy Know about Structuring LLCs for Real Estate". It just deserves and a lot more eyeballs looking at it. I actually stumbled upon this by your video coming up after another on autoplay. I had no idea the wealth of knowledge I was about to receive with just this one 30 min video alone! I'm now a huge fan of yours and I'm sharing your video with everyone who I think can use it! We will be signing up for your consulting services as well! Thank you again! You're awesome!
Your website stands out as a benchmark for excellence in product quality and customer service, consistently delivering exceptional value to clients. As a review reputation specialist, I understand that negative feedback can significantly impact your sales potential and overall brand perception. By implementing a targeted strategy to address and manage these reviews, we can enhance your online reputation, ensuring that your remarkable offerings gain the visibility and recognition they deserve in a competitive marketplace.
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Great video! Watched another one of your shorter vids with some of the same info, but this was more helpful for me because it answered further questions. Longer/more detailed. Played it at 2x speed and it few by. So just to make sure I understood correctly If you have a mortgage on a property that you're wanting to start using as an investment property the correct/safer steps would be: *Law 1. create a MANAGER HOLDING LLC in Wyoming for anonymity (because if you create the other LLC first then you've lost anonymity). Someone else will be the initial manager, but then they'll resign, you become president, and that information is hidden. 2. then create a MEMEBER LLC in the state where the property is located (TX for me). The Wyoming LLC will be the MEMBER listen in your state's LLC. 3. place the property in a trust to which the state LLC in step 2 (TX for me) is the trustee. *Taxes- General (doesn't apply to trusts) (Because Wyoming LLC is a (sole) MEMBER of my state LLC this means Wyoming LLC owns and is (inside and outside (woot TX) LIMITEDLY) responsible for the State LLC) 4.1 If I am sole owner/manager OR MARRIED TO MY BUSINESS PARTNER/JOINT OWNER then when I file my taxes for both my state and Wyoming LLCs entities I do so as disregarded so that the taxes that must be paid show up on MY/my spouse's 1040 schedule C. 4.2 If it's a partnership then I can still file state LLC as disregard, BUT my WY LLC will file a 1065 which will then also show up on my and other member's 1040 schedule K1. BUT WHAT ABOUT THE TRUST IN PART 3? Through research (correct me if I'm wrong) I read the trust doesn't pay capital gains (up to 500k if married) if they're revocable. But once the LLC becomes the trustee then it becomes IRREVOCABLE. Still not sure if it's simple irrevocable or complex irrevocable (though it's complicated so I'd wanna say complex), but EITHER WAY the trust pays capital gains? ..... but because the entity that has to pay those gains trickles down to you (from state LLC to WY LLC THEN to you) then 4.1 and 4.2 still apply the same correct? It's not like the trust is paying taxes and then you're paying taxes, right?
Serious, knowledgeable advice without flourish or bait tactics. Yes it’s dense, and it may take 2-3 viewings for the uninitiated to understand. “For the diligent only (the gold)”!
for all credit card, PayPal, western union, cash app, bitcoin hacks up to $15,000 or more contact Matty via whatsapp @ +15186023105 OR mattyw193@gmail.com
If you have rental property set up as an LLC. You cannot represent yourself in court you need a lawyer to represent your LLC to evict a tenant. It also would be a good idea to have a monthly legal service insurance.
So far,I like this guy calm quite informative I'm sure a few will agree, if one was to do business his firm will certainly be tops on the list. Real cool
I am an Investor in OH. I have spoken to many financial institutions that have told me to get my property out of my LLC in order to secure financing against my free and clear properties, and then they said "You can transfer your properties back into your LLC after you get the monies!!! Mind you they're only giving me 75-80% of my value! SMDH!!! I actually did it once but the loan didn't go through, now I know GOD has his hands on ME, I avoided those TRAPS without knowing, but I was a willing fool searching for OPM. This Information is Worth Millions People TAKE HEED Thank You REAP!
Really great info, would like to get into real state once I turned 18 next year, But I had this question: What about buying a house/property in the LLC's name? Is it even possible or recommended/better?
A Grand Master. Well spoken with total clarity of explaining the conditions terms and cause & effects all aspects of the very structural and embodiment of a LLC Entities, Thank you clint for being you and doing what you do, thank you brother
You know, this is what should be thought in HIGH SCHOOL, forget college! I hope my husband and I will be needing your services really soon! Thank you! 👍
Wow! Excellent, Excellent video... This guy is sharp and presents the information in a direct and succinct manner. Will definitely be consulting with his company for my LLC purposes.
What is the best method to transfer a rental property that's in personal name to a Texas LLC. From your example, it seems like the best method is to put it into a land trust me as the trustee and then resign as a trustee before moving it into an LLC. What happens to that land trust once I resign as a trustee? Can the land trust be used again to repeat the process with another property or is it no good after single use?
Great info. One question though: you suggested that since the IRS is focusing their audit attention on RE Investors, it would be a good idea to make the holding company a PARTNERSHIP ask that income skills show up as a single line item on your personal 1040. But in that scenario, the holding company now has to file a tax return. The IRS will still see the same number of properties listed won't they? So if it would have triggered an audit for you personally, why will it not do so for the holding company? Meaning stumble would this fix that issue?
It’s to avoid an audit- by filing the holding companies income as a 1065 and passing on a K-1 to you. S Corp is just a taxing status it doesn’t save anything per se
Thank you for a no bull crap straight to the point gold mine of info, I am so pleased from this video I'm more than likely going to go into business with you.
Yes use a WY LLC but if you need real time feeds then you should possible use a personal property trust for the account and have the PPT owned by the LLC.
ding ding ding. this guy is good !!!! I appreciate you as a business advisors and knowledge on business entity.. Awesome information thank you so much. wow blew me away.
Very good presentation 👏, lots of people and business don't know the're different types of tax professionals & advisers, that are specialized are the're: Tax preparers (basic), CPA's (Basic to Medium), CFP (Medium to High), Tax attorney and Tax strategist (Complex). By order of tax suitation.
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do you have experience with AZ LLC? ( I spoke to an attorney awhile back was told AZ LLC offer charging order protection at a cheaper price. then DE, NV, WY llc...great video!!
Thank you very much Mr. Coons, your explanation of LLC and all other topic is nothing but wisdom, you have live it, experience it, and now prefect it. I will joint your program. Thank you.
Hi Clint,just for clarification in the video you used the example of owning a rental property in Oregon that reported back to an LLC in NV when you registered it with Oregon you lose anonymity and other protections plus extra costs. The next example you used Oregon again but with a TX LLC why does this second example not lose the extra protections? Is it that the second example did not register in Oregon and if so could I evict the tenant in Oregon without registering in Oregon for the TX LLC.. I live in TX also so can I set up TX one first and put other state properties in their state llcs then flow through TX. Thanks
The NV LLC isn't OPERATING in Oregon which is when you'd have to register it in Oregon as a foreign entity. It is just a MEMBER (aka owner) of the Oregon LLC.
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This is great info! I've used multiple LLC to connect to one LLC to unify my properties
When this started playing I thought it was a commercial that was selling something. When it kept going and you were giving out the goods I was like "wait for free." YOU GUYS, this is legit info. I have a law degree and can vouch this is the way this is done. I salute you sir. This is a wonderful help for so many.
Thanks
@@ClintCoons Hey Clint I have a question that you may want to address in a video for the masses only if it is a concern for investors. My question is in situations where one deeds in a debt free property with what I heard is a dollar deed, when/if that new "owner" sells the property will they be charged gains tax on every amount over a dollar of the sale? Not sure if I have asked the question properly but with the experience that you exude in this video I know you can make cense of it and if this is the case folks/investors would wish they knew this piece of information before hand. Thank you for sharing all that you have.
I thought that he was doing an infomercial, too.😆 His voice sounds like an announcer...it's very nice and professional, but he sounds like an announcer. But, after listening for a few minutes and looking for the advertising countdown timer at the bottom so I could skip the ad and I didn't see one, I was like, "is this a real video?". After looking at the name of the video, I realized it's real! I'm so glad I checked it out! I'm now subscribed to his channel and became a new fan of this gentleman who is helping a lot of people understand in layman's terms how to navigate through the crazy and VERY confusing world of how to set up and maneuver an LLC. Thanks for sharing!!! 😊
I agree, this is 💯 spot on. 👌
Thank you Kaylia.. 🙏
Excellent video! Great explanation of LLC protections. My lawyer set up an umbrella LLC like this for me, but didn't explain it. At $300 an hour, I wasn't about to have him explain it either. Thank God I found this video. Saved me a bundle.
You killin me🤣🤣🤣
Consider upgrading it with a forgery proof interdiction living Trust and counterfeit free Permission Ledger LLC when Notary Index Crime Enforcement Regulatory Approved Inheritance Administration Lawyers arrive soon to protect us when we're vulnerable and defend our grantees.
So I pretty much read an entire lengthy book on LLC's a few months ago, to find out what I just learned in a 37 minute video!!??......Thanks for making it visual and more clear..
which book was it?
Great namesake General. Yes, some books are bloated with superfluous time-wasting fluff.
@@bryandasilva3050 lmao 😂
@@6789uiop why reading is overrated in today's day and age. just overly self qualified authors pulling shit out of their ass to profit off of your time and free advertising from you recommending their books by word of mouth; because of the psychological phenomenon of people feeling elitist that they actually read a book for once. frankly it's a "textbook" business lol. i peep game everywhere
😊
A million dollar piece of wisdom for free. I am completely dumbfounded at the genius of this information and grateful for it. And I'm not even in real estate. You just won a new fan and potential client. Thanks
This was the best video ever!!! Finally a lawyer that knows law and CPA information 😁😁😁
EXACTLY
It
Old as this video is, its gold! The tips open up options we are never told.
I rarely write reviews but find this video to be extremely informative and good. Thank you for posting this!
the best real estate LLC explanation on youtube!
Thanks
Goldmine of info. You helped me learn more half an hour than I learned in school. Thanks!
Same here
This is the best content Josh Brolin has put out. Seriously, excellent video and a keeper in my Saved videos.
I learned more from this video than I did in 4 years at a top 15 university.
how is that so common
Just set up a consultation with these guys. These guys are the real deal. Giving free info to the public.
Wow, you have the best communications skills I've seen in a long time!
Finally! A clear understanding of the differences and uses of LLC and how to Structure! Thank You!
You bet!
Wow a video with golden advice after golden advice... I've learned more from this free UA-cam video than several paid courses. Now this is a damn good lawyer!
Thanks
Recently I got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of my financial advisor. Back to the video, wonderful job there, always look forward to your next content.
It’s almost the same situation here. The difference is that I got off early enough to know that financial planning would help me go a long way. I’m in my 60’s and reaping off my hardwork.
I don’t make that much, but I sure do make enough. However, it will not be a bad idea to hear from a professional.
This guy is spot-on with his assessment but the fact that a property owner could be sued for what the valet did is just an indication of how screwed this country is
He couldn't have been sued if he was a PMA owner with a contract where his employees assume full liability for such instances....But why would a B.A.R. member/ATTORNey teach you those pearls of wisdom?
The presenter should give the case name, number, etc. and proof there really was a settlement. It sounds like a story to get people worried so they’ll set up LLCs in multiple states which will generate a lot of fees for this guy and ongoing fees. People can go online and set up their own LLCs in their own states without having to pay a lawyer.
@@brianruschel1934 one may also create a trust and put it in God and create a private contract or covenant and freely operate outside of all jurisdictions.
@@guardiandogoargentinos1385 what's a "PMA owner" ?
@@tyroncline5978 Private Membership Association. Are you looking into starting some kind of business?
This was the best 37 minutes spent on UA-cam all month.
Clint ~ You never disappoint! Thank you so much for consistently encouraging folks like me to access your extensive collection of informational videos & get busy self-educating! Familiarizing myself with the terms, strategies and purpose behind them maximizes the quality of consultation time, while decreasing the overall quantity needed. You guys are brilliant strategists offering protection from every conceivable angle, including paying unnecessary attorney costs! OUTSTANDING! What I love the most about you though, is that you are a real estate investor yourself!! Thank you again for all you & your team do!
Thank you. Much appreciated.
@@ClintCoons Hi. My name is Jean following from Montreal, Canada. This is a very instructive video i have ever watche I am interested to buy tax defaulted properties (tax deeds) in usa hoping to sell them for profit. I think i will have to create some llcs. Can you advise about the cheapest and simple way to proceed.
@@jeanwa I suggest you look at using a limited partnership in place of an LLC. The CRA will hit you with double tax when you use an LLC. We typically set up a limited partnership for our Canadian clients who invest in the US. Use the link in the show notes if you want a strategy session.
Clint is the real deal. A true professional.
Thanks
Great video. Straight to the content. subscribed after 5 minutes.
Now, this is some must-have info, I have heard some of this before, but not in this way, and I can say now I am hearing the complete solution, to the questions, why, when, and where to form a proper asset protection LLC with anonymity.
This is the best video on this subject by far on any platform. Thanks so much for your time sir! I wish I can like this video 1000x.
OMG! you just blew my mind. I'm a new subbie and I am going to binge-watch all your videos because I have not a clue.
I appreciate this video
This is exactly what I need as motivation 🥰
@Stevens Kaholoaa Same here I'm from Philippines, I wish I knew about this bitcoin trading earlier
I suggest everyone should brace up and get bitcoin before it's too late
You got this!
@@ClintCoonsAwesome Mr. Coons...Thank you for this information!
I’ve only heard amazing things about this company. This video just proved that wow
Thank you so much... This is the first video that is complete and I truly understand and appreciate the need for a great Real Estate Lawyer.
Awesome. Thanks for watching
This is freaking mind blowing. Amazing content!! I learned so much :)
Thanks
Clint this was BY FAR the most informative video on LLCs and how to structure your business. Thank you for sharing your knowledge!
You are welcome
Hahahah! 2 minutes in I realize this is about how to create shell companies =) I love it. That said, this guy definitely knows his stuff.
sfincione2000 yep🤣
😂😂😂😂 hell yeah
This is/was the best explanation and presentation of asset protection utilizing LLCs that I have ever viewed or heard. Bravo!!
Wow, thanks!
Thanks for this great info Clint! I will definitely be doing business with you soon.
I also want to see your video on Land Trusts, especially for primary residences.
I found out that if your primary residence is in an LLC, you cannot get the homestead exemption on it, so your primary residence should be in a Trust, not an LLC.
That was another gotcha that most LLC advisors don't tell you...
This is the best video I’ve ever watched on UA-cam. No joke.
I appreciate the comment.
sir you’re the definition of a masterpiece
No useless information. Right to the point. Subscribed!
I'm a newbie and was extremely confused with the video but I upvoted because you are a great teacher and I'm sure after a couple of listens it'll make sense. Two q's. 1. I'm a GA resident buying a property in GA and one in Hawaii. Should I set up 2 LLC's? 2. How much does your firm charge on average? My plan is to have continuous investments and I need a trusted advisor. Thank you.
IN GA and starting out, did you contact him?
You should contact BM consult they are very reliable and will guide you through your investments and tradings!!
@@shawnnal2717 +1 nine two zero seven one zero two six54
@@shawnnal2717 contact them on their business WhatsApp above they will be able to help out! Good luck!
Thank you for breaking it down in simplest terms. I learned more with this video than I have with the last 10 videos I’ve watched.
Glad it was helpful!
I live in CA and I had a strategy session with one of your advisors. Nice guy, lots of great information but I was a little confused that he recommended a different strategy than you do in the video. He recommended setting up the Wyoming (or Nevada) LLC, then an LLC for the state you want to do business in. That is the same you recommend. The difference came in that he also wanted the Wyoming LLC to own a California C-corp instead of just taking disbursements on my schedule K. His reasoning was that California would get upset that I was doing business in CA without a formed company here.
I had the same experience with someone at their company. I decided to take the advise elsewhere.
@@edenjewel1966 Where did you get the Advise? Thanks,
THANK YOU! THANK YOU! THANK YOU! This is incredibly helpful. Amazing info! And it's JUST what I've been looking for! This video contained so much more than I expected from the title. I really don't think the title does it any justice. If it were me, I'd title it something like: "What Nobody tells you about LLCs in Real-Estate" or "What the Wealthy Know about Structuring LLCs for Real Estate". It just deserves and a lot more eyeballs looking at it. I actually stumbled upon this by your video coming up after another on autoplay. I had no idea the wealth of knowledge I was about to receive with just this one 30 min video alone! I'm now a huge fan of yours and I'm sharing your video with everyone who I think can use it! We will be signing up for your consulting services as well! Thank you again! You're awesome!
Great suggestion. Thanks.
What an informative video. I'm just getting started with real estate and it's exactly what I was looking for. Thank you!
Your website stands out as a benchmark for excellence in product quality and customer service, consistently delivering exceptional value to clients.
As a review reputation specialist, I understand that negative feedback can significantly impact your sales potential and overall brand perception.
By implementing a targeted strategy to address and manage these reviews,
we can enhance your online reputation, ensuring that your remarkable offerings gain the visibility and recognition they deserve in a competitive marketplace.
Is there charging protection in Ga if I utilize NV as owner of GA LLC
This free video made a retainer client for Anderson. Thank you, Clint.
Excellent!
Clint, that was a great video my friend! Thank you! You will be part of my legal team.
Thank you for the detailed content, calm honest delivery of information. Direct shots from the hip are always appreciated!
Thank you so much Client for doing this, a serious eye-opener.
Great video with eye-opening advice, Clint. I have been flying blind with LLCs. I will be calling. Thanks!
Excellent!
I’ve been waiting for this video my whole life!
for all credit card, PayPal, western union, cash app, bitcoin hacks up to $15,000 or more contact Matty via whatsapp @ +15186023105 OR mattyw193@gmail.com
Me too!!! Its a dream come true:)
Me too
Sir, you are one knowledgeable attorney, I really appreciate your video, Clint!
Thanks for watching
The best video I have ever seen for business! Thank you for all the informations.
Great video! Watched another one of your shorter vids with some of the same info, but this was more helpful for me because it answered further questions. Longer/more detailed. Played it at 2x speed and it few by. So just to make sure I understood correctly
If you have a mortgage on a property that you're wanting to start using as an investment property the correct/safer steps would be:
*Law
1. create a MANAGER HOLDING LLC in Wyoming for anonymity (because if you create the other LLC first then you've lost anonymity). Someone else will be the initial manager, but then they'll resign, you become president, and that information is hidden.
2. then create a MEMEBER LLC in the state where the property is located (TX for me). The Wyoming LLC will be the MEMBER listen in your state's LLC.
3. place the property in a trust to which the state LLC in step 2 (TX for me) is the trustee.
*Taxes- General (doesn't apply to trusts)
(Because Wyoming LLC is a (sole) MEMBER of my state LLC this means Wyoming LLC owns and is (inside and outside (woot TX) LIMITEDLY) responsible for the State LLC)
4.1 If I am sole owner/manager OR MARRIED TO MY BUSINESS PARTNER/JOINT OWNER then when I file my taxes for both my state and Wyoming LLCs entities I do so as disregarded so that the taxes that must be paid show up on MY/my spouse's 1040 schedule C.
4.2 If it's a partnership then I can still file state LLC as disregard, BUT my WY LLC will file a 1065 which will then also show up on my and other member's 1040 schedule K1.
BUT WHAT ABOUT THE TRUST IN PART 3?
Through research (correct me if I'm wrong) I read the trust doesn't pay capital gains (up to 500k if married) if they're revocable. But once the LLC becomes the trustee then it becomes IRREVOCABLE. Still not sure if it's simple irrevocable or complex irrevocable (though it's complicated so I'd wanna say complex), but EITHER WAY the trust pays capital gains? ..... but because the entity that has to pay those gains trickles down to you (from state LLC to WY LLC THEN to you) then 4.1 and 4.2 still apply the same correct? It's not like the trust is paying taxes and then you're paying taxes, right?
Thanks for watching
Serious info. verifiable and accurate. INFINITE THANKS.
Wow. One of the rare videos that go straight to the point, no bs. Thanks.
An amazing educator! Clear and concise!!! Thank you!
Serious, knowledgeable advice without flourish or bait tactics. Yes it’s dense, and it may take 2-3 viewings for the uninitiated to understand.
“For the diligent only (the gold)”!
Clint thank you so much for sharing this valuable information about setting up a LLC.
Hey Clint, you had me at deeding my home to an LLC for protection but thank you for your eye opening topic about land trusts.
Glad to help
As a tax guy I always tell my clients don't find a lawyer, find a great lawyer
John Duston if I am a member of a LLC that LLC has debt does that necessarily mean I have debt ?
He covers this in the video i think
Matthias Bernard no you do not have debt
California ruins everything.
Wow! Such a wealth of information in less than 45 minutes...thank you so much
Glad it was helpful!
I've fallen in love with the Anderson team!
Best video I have ever seen on real estate matters. And I have seen a few.
Sello Mtshali
Thanks for watching.
Complex but vital information. Glad I found this!
for all credit card, PayPal, western union, cash app, bitcoin hacks up to $15,000 or more contact Matty via whatsapp @ +15186023105 OR mattyw193@gmail.com
Damn this guy is very knowledgable. He pretty much answered every question that I had in my head as I was watching!
That was a great presentation 👍
If you have rental property set up as an LLC. You cannot represent yourself in court you need a lawyer to represent your LLC to evict a tenant. It also would be a good idea to have a monthly legal service insurance.
So far,I like this guy calm quite informative I'm sure a few will agree, if one was to do business his firm will certainly be tops on the list. Real cool
I am an Investor in OH. I have spoken to many financial institutions that have told me to get my property out of my LLC in order to secure financing against my free and clear properties, and then they said "You can transfer your properties back into your LLC after you get the monies!!! Mind you they're only giving me 75-80% of my value! SMDH!!! I actually did it once but the loan didn't go through, now I know GOD has his hands on ME, I avoided those TRAPS without knowing, but I was a willing fool searching for OPM.
This Information is Worth Millions People TAKE HEED
Thank You REAP!
Really great info, would like to get into real state once I turned 18 next year, But I had this question: What about buying a house/property in the LLC's name? Is it even possible or recommended/better?
A Grand Master. Well spoken with total clarity of explaining the conditions terms and cause & effects all aspects of the very structural and embodiment of a LLC Entities,
Thank you clint for being you and doing what you do, thank you brother
Thanks Ronell.
You know, this is what should be thought in HIGH SCHOOL, forget college!
I hope my husband and I will be needing your services really soon! Thank you! 👍
Wow! Excellent, Excellent video... This guy is sharp and presents the information in a direct and succinct manner. Will definitely be consulting with his company for my LLC purposes.
Great video can't thank you enough for sharing your experience on LLC's with Realestate investing. The man!
What is the best method to transfer a rental property that's in personal name to a Texas LLC. From your example, it seems like the best method is to put it into a land trust me as the trustee and then resign as a trustee before moving it into an LLC. What happens to that land trust once I resign as a trustee? Can the land trust be used again to repeat the process with another property or is it no good after single use?
I was just thinking the same thing, but for a different state.
No reason to use a single land trust for multiple properties. Llc's are expensive. Land trusts are not.
WOW!! Talking about a monopoly mindset... Great video... I will be contacting you once I start my real estate business
Hi Clint, thank you so much for this info. It really clear up a lot confusion for me.
Great info. One question though: you suggested that since the IRS is focusing their audit attention on RE Investors, it would be a good idea to make the holding company a PARTNERSHIP ask that income skills show up as a single line item on your personal 1040.
But in that scenario, the holding company now has to file a tax return. The IRS will still see the same number of properties listed won't they? So if it would have triggered an audit for you personally, why will it not do so for the holding company? Meaning stumble would this fix that issue?
I thought setting up an LLC as an S-corp for taxation was better than having the WY LLC as a partnership. Can you explain?
It’s to avoid an audit- by filing the holding companies income as a 1065 and passing on a K-1 to you.
S Corp is just a taxing status it doesn’t save anything per se
wow this video is 5 years old but a wealth of knowledge. Thank you for such great presentation.
You're very welcome!
Thank you for a well articulated education on LLC's ,I will definitely call your group
Thank you for a no bull crap straight to the point gold mine of info, I am so pleased from this video I'm more than likely going to go into business with you.
Great Presentation. I learned a lot. Thank you!
this gentleman is a badass at explaining this topic! amazing work thank you! Subscribed!
This has opened my eyes so much! Thank you!
Hi Clint fantastic job, do you have any advise on how to set up an LLC for security investing? Stocks and bonds to manage quite a big portfolio?thanks
Yes use a WY LLC but if you need real time feeds then you should possible use a personal property trust for the account and have the PPT owned by the LLC.
Thank you. Great presentation!
ding ding ding. this guy is good !!!! I appreciate you as a business advisors and knowledge on business entity..
Awesome information thank you so much. wow blew me away.
I appreciate that!
This was excellent information. Subscribed!
Answer all my questions on creating a LLC for my future property investment. Such a great video.
Thank you counselor, wonderful information, appreciated.
Very good presentation 👏, lots of people and business don't know the're different types of tax professionals & advisers, that are specialized are the're: Tax preparers (basic), CPA's (Basic to Medium), CFP (Medium to High), Tax attorney and Tax strategist (Complex). By order of tax suitation.
Thanks
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do you have experience with AZ LLC? ( I spoke to an attorney awhile back was told AZ LLC offer charging order protection at a cheaper price. then DE, NV, WY llc...great video!!
Your videos are the best and mpst thorough I've seen. Thanks.
Wow, thank you!
Thank you for this video - I learned a lot.
Brilliant synopsis of the Business and Real Estate Law. Bravo.
This guy is amazing. Thank you so much
Thank you very much Mr. Coons, your explanation of LLC and all other topic is nothing but wisdom, you have live it, experience it, and now prefect it. I will joint your program. Thank you.
I appreciate that!
Hi Clint,just for clarification in the video you used the example of owning a rental property in Oregon that reported back to an LLC in NV when you registered it with Oregon you lose anonymity and other protections plus extra costs. The next example you used Oregon again but with a TX LLC why does this second example not lose the extra protections? Is it that the second example did not register in Oregon and if so could I evict the tenant in Oregon without registering in Oregon for the TX LLC.. I live in TX also so can I set up TX one first and put other state properties in their state llcs then flow through TX. Thanks
The NV LLC isn't OPERATING in Oregon which is when you'd have to register it in Oregon as a foreign entity. It is just a MEMBER (aka owner) of the Oregon LLC.
I'm so glad that this popped up on the main page! Great information! Subscribed
Sir if I could give you five thumbs up I would. Excellent video.