Ever wondered about the crucial role of accounting systems and asset protection structuring for real estate investors? 

 

Join us for an in-depth conversation with Clint Coons, founding partner of Anderson Business Advisors, to discuss the importance of accounting systems and asset protection structuring for real estate investors when it comes to obtaining financing and the different entities available. We'll explore the difference between tax protection and asset protection, the need for a good estate plan to ensure that built wealth is preserved for future generations, and why individuals should have conversations with professionals such as attorneys and accountants before investing in real estate.

 

 

Don't miss this fascinating discussion on protecting your assets while building wealth through real estate investments!

 

 

 

[00:00 - 07:44 ] Clint Coons: Real Estate Investor, Attorney & Asset Protection Expert

• Clint introduces Anderson Business Advisors

• Setting up land trusts, limited liability companies, and corporations to protect assets 

• Clint's vast experience in real estate investing and asset protection

• How to set up entities the right way to reduce the risk of audit and capitalize on tax benefits

 

 

[07:45 - 14:54 ] Don't Make Mistakes When Obtaining Financing for Your Rental Properties

• Tips on asset protection structuring and tax benefits

• Why an accounting system is vital for obtaining financing

• LLC is not the only entity to use for asset protection

• Tax classification of entity is essential to avoid taxable events when refinancing

 

 

[14:55 - 26:46 ] Understanding the Difference Between C Corp & S Corp Taxation Strategies

• The importance of asset protection for multiple generations

• • Setting up an entity can help protect against lawsuits and other risks

• Estate planning should be at the forefront of financial planning

• C Corp and S Corp refer to how the federal government taxes entities

 

 

[26:47 - 30:21 ] Wrapping Up!

• Why you should complete an analysis of tax strategies

• Working with an attorney and accountant can help understand the Internal Revenue Code

 

 

Key Quotes:

 

“If you don't have a good estate plan in place and haven't thought about that, it's time to start. Putting that at the forefront of what you're doing.” - Clint Coons

 

“When we're creating the real estate plan for someone, it's not just focused solely on asset protection. We're also looking at preserving all the tax benefits that come from real estate investing.” - Clint Coons

 

 

 

Want to connect with Clint? Follow him on LinkedIn. Head to Anderson Advisors to unlock the path to wealth!

 

 

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