Thursday, March 10, 2016

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.

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.

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 right now at this number: 1-800-706-4741

QUOTES

"I’ve found that my high-value activity is doing what I really like doing that generates income for myself..." Clint

“Too many people when they first start. They trip over pennies on their way to dollars” Clint

"If there is an opportunity, I'll invest" Clint


Links and Resources:

 

Check out Clint’s book ‘Asset Protection for Real Estate Investors’ on sale now!

 

Call Clint today at 1-800-706-4741 and tell him you heard him on this podcast for a free consultation



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