045: This is Why Experts Rely on Asset Protection for Tax Savings
Description
If you're looking for strategies on how to pay fewer taxes through asset protection, then this podcast episode is for you.
Join Mina and Lidiya as they interview Clint Coons, the founding partner of Anderson Advisor Groups. He shares his expertise on tax and asset protection techniques and his personal property hacks that have made him a successful investor with over 300 properties. He also discusses how to use LLCs and Land Trusts in real estate investing for protection.
Take advantage of this valuable conversation about tax code regulations and real estate strategies!
[00:00 - 03:23 ] Learn Tax & Asset Protection Strategies from an Experienced Investor
• Mina & Lidiya introduce Clint Coons's interview
- Tax and asset protection strategies
• What Anderson Advisor Group does
[03:24 - 05:51 ] Never Lose Money in Taxes Again!
• Tax codes are just a guide for investors to follow
• Asset protection and building entities properly can lead to low taxes
• How you can structure assets
[05:52 - 08:17 ] How to Protect Yourself with LLCs & Land Trusts
• Don't reuse an LLC for multiple properties; closet and open a new one
• Creating an LLC provides some protection, but filing it with a professional adds more
• Land trust is another option to protect your identity from being found.
• Strategies that you can tap into so you can preserve your income
Want to connect with Clint? Follow him on LinkedIn. Head to Anderson Advisors to unlock the path to wealth!
Key Quotes:
“Unless you have somebody that is also an investor that understands where you are and can understand and spend the time to understand where you want to go, it's going to be really hard actually to get good advice." - Mina Rickey
"Tax codes are just a guide. To tell the investor, how does the government want you to proceed? What kind of paperwork? How do they want you to work inside of your whole enterprise.” - Mina Rickey
Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.
If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!