Episode 28: Clint Coons on Why LLCs May Be Hurting You

Normally we talk about profit master investment strategies on this podcast, but today I’m doing this a little bit differently. We’ve all been taught that LLCs are the way to go in this business, but my guest today is about to throw a wrench into that idea right now. According to Clint Coons, co-founder of the Anderson Law Group, LLCs could be causing you to miss out on the valuable capital you damn well deserve. He explains why by breaking down the complicated legal jargon of real estate and giving us some insider tips on how to find investors, secure our profit, and even lead our property managers. [youtube]https://youtu.be/ow3h2fU1PlU[/youtube] Clint may be a lawyer, but he understands what it’s like to work in real estate. He comes from a long line of lawyers, investors, and flippers. He has spent his life growing up deep in the scene of property flipping and managing. Combining legal expertise with real world experience is Clint’s forte, and the advice he has for us today is definitely going to change the way we look at our businesses. [Tweet "I’ve found that my high-value activity is doing what I like doing that generates income"] MINUTE MARKERS: 4:23 - Clint talks about growing up with real estate investment 5:18 - What Clint focused on when he started his first law firm 6:33 - What the stock market did to Clint in the early 2000s 8:17 - How Clint turned his passion for real estate investment into a first career 9:38 - What was Clint’s biggest mistake in real estate? 12:28 - Clint shares his “secret sauce” and what he’s doing for real estate investors right now 15:25 - Clint tells you why you want to set up a C Corporation for your business 16:21 - Clint and I break down the tax game in real estate investment 17:20 - Here’s how to look as attractive as possible to lenders from Clint’s point of view 19:20 - What strategies C Corporations open up for you as a real estate investor 21:04 - How Clint helps investors restructure their financial plan 23:07 - Clint’s biggest and best advice 25:11 - Why does Clint call real estate investment a game? 25:27 - Clint’s favorite business quote 25:44 - Clint’s perspective on the books and literature that inspire this business 26:36 - Why does Clint hire people to manage his mobile apps? 27:02 - High Value vs. Low Value activities and how you can gauge the worth of what you do 30:56 - Clint Coon’s morning routine starts at 4:30 in the morning 32:20 - The most powerful lesson Clint has learned 33:21 - What Clint has to say about wholesalers and solving their unique issues with a trust 37:00 - How family plays into Clint’s success 38:27 - Clint’s evolving perspective on when, where, and how to find a mentor 41:01 - What it means to architect your business, your goals, and your success 44:20 - Clint and I uncover the real definition of “retirement” 46:14 - Contact Clint today!   [Tweet "If there is an opportunity, I'll invest."] Links and Resources: Check out Clint’s book ‘Asset Protection for Real Estate Investors’ on sale now! Contact Clint Coons and Anderson Law today by going to Get Your Free Asset Protection Blueprint Here. Watch this short video from Clint that explains exactly what services he provides and how he can help you. Watch Video Here and fill out the form for a Free Consultation! ($250 Value) Make sure tell Clint you heard him on this podcast for a FREE consultation   Full Transcript Download the PDF Transcription Cory:        What is going on, what is going on? This is Cory Boatright, I'm your host for Real Estate Investing Profit Masters podcast series. I hope you have a phenomenal productive day. Most of the CEO here for Real Estate Investing Profits where we bring on some incredible guests here on to the show with you so you can learn. We all need to learn, we always need to continue to learn. Today is something special. We have Atty. Clint Coons on with us today,