16:04 Wow! This is an amazing statement from an attorney! I had this idea to tag the best parts and give you times to fast forward to, but there are too many to be reasonable. And I just saw the heartbeat of not just a lawyer, but of a human being who has seen good people be so wronged and his passion is to protect these good people. If you will at all, for any reason, please watch the whole video.
Thanks Clint, great information. In regards to your story about your brother's business, around 40:16, would you still advise someone to separate their business assets into different LLCs even if they were registered as a Wyoming LLC that offers charging order protection? Or do you think this separation of assets would still be a good idea even in that case?
WOW!!!! IMHO: EVERY student, and EVERY Citizen ought to get SERIOUSLY EDUCATED on ALL of THIS kind of VITAL Information, and Learn HOW TO Take Advantage of these Laws, Rules, Regulations, and Jurisdictions, so as to MAXIMIZE their Wealth Retention, and Earning POWER!!!! INCREDIBLE!!!!!!!!!
LOL, yeah I've heard about those tenants... but I've never had them myself... that's the low-brow kind of tenants, who will wreck the property if they are given the opportunity... and they'll find it! I use a professional renter recruiter who pulls the right kind of tenant out of the masses, and with those, I get renter quality and people who share my own views of material values and what it takes to get to enjoy them! Result: no vandalizing renters, no destabilizing social activities and long term peaceful coexistence! A win-win-win situation!
In Europe tenants pay their own heating, electricity so and water..sewertax. not included anymore..most houses or is apartments are not furnitures either .
Hello Clint, I'm a landlord in DC. I need to set up a LLC. This is what I'm doing. I'm converting my 4-unit apartment into CONDOS. Once this is done.I plan to live in one and sell the three or rather two to paid off the hard money loan...the third one will be profit. What Entity do you suggest?
Hey I plan to start investing in the next 2 years because most mortgage lenders want to see two years of W2 but I was wondering if I buy the first investment with an LLC the requirements won't be the same right?
After the owner (Joe Owner) of the property transfers ownership into a Land Trust and a potential plaintiff (Sue Smith) tries to sue Joe, Sue's attorney will do due diligence and discover that the property is now owned by the Land Trust. Won't Sue's attorney put 2-and-2 together that Joe was the one who deeded the property to the Land Trust? Won't they still try to go after Joe since they'll assume that he's still the one in control? Does a title search show previous owners or just the current owner?
Yes one could make the assumption you describe but most attorneys do not search title transfers - just title record of ownership. The fact you moved an asset into a land trust does not make you responsible for any claims. If properly structured the land trust with an LLC will protected you from claims made against the entities.
If we can rewind time, would buying the property into the Land Trust directly (without it ever being under Joe Owner's name) have been a better strategy to eliminate the trace of Joe having owned the property?
To the eyes of the Sue's attorney performing discovery, is there a difference between property that has been transferred into a Land Trust after Joe Owner purchases it against a transfer into a Land Trust immediately after Bob Newbuyer buys the property from Joe Owner and puts it into the Land Trust immediately?
I need to start planning as of now how to isolate/protect my rental property in the next 2 yrs. Itll be paid off by then and id love to learn how to save $ on taxes etc as well on the income generated by it so as to build more funds to acquire and build my real estate portfolio /holdings... just worried how expensive the service will be..
Frenchy, contact dlewis@andersonadvisors.com to set up a strategy session. The session is free and you will be given tax and asset protection advice. You should also consider attending one of our 3 day tax and asset protection events for real estate investors.
What do you do when you live in the same building you rent out? e.g. Duplex or large home that one rents out rooms...Is it something you just have to accept liability for?
in all seriousness.... my child has the potential to be a liability. has anyone tried to transfer custody to an llc or trust? This way i still have de facto custody at the end of the day, but i would gain asset protection from my child.
I know your comment is two years old, but my response may help someone who asks the same question. Civil suits require a basis of an injury in fact. The holding company does business with the operating LLC . The operating company carries the risk because it owns the "asset" that the "injured" party is making claim to.
A trustee is related to trusts. This is the person who holds title to the trust assets for the benefit of the trust beneficiaries. A resident agent is is a business or person who resides in the state of your entity's formation that is designated to receive service of process if your entity is being sued. A nominee is someone who serves in a position e.g., president, manager, that is listed with the secretary of state to mask the actual controlling individuals from outside discovery.
The Hawaii case: IF the tenant was legally evicted at the time when he set the fire, he was no longer her tenant, but just a stranger on the street. At least that is what makes sense to me. A tenant is only a tenant as long as he holds a valid lease/rental contract. Seems that this person no longer had that. So what judge would hold the FORMER landlord of this FORMER tenant responsible for the damage??? What kind of justice is that? Basically, if he had come back some years later and burnt it down, it would have been the same: a former tenant burnt down the building.... right?
It is ONE thing to be financially sound. It’s about being SMART and not selling your soul as you so obviously have. Ok the rest of the tenants they were not affected but A was his funeral paid? His family? Also in the COLD DEAD FREEZING days of winter 68 fucking degrees is laughable! And in my building the thermostat is in the half of the unit with no effect near the windows with NO storm windows
Lmao. Mr.melt face had a heart attack so no funeral payment was provided. As for the next tenant he had his sons clean up the mess so the new tenant was okay.
40:00 "you may think a car a dangerous asset, and I get this a lot when I teach these workshops and I throw out there 'hey is a car a dangerous asset' -- 85% of the people say 'it is a dangerous asset' -- well I'll tell you what, I've never seen a car walk into a bar, order up a few gin and tonics and then go out and drive itself home by itself, there's always somebody behind the wheel. So it's the vehicle itself is not the dangerous asset, because if you did nothing with it, it's just going to sit there, it's the driver that's the danger. So vehicles are pretty much safe, in my opinion." lol Clint look at this guy getting run over by a stationary car www.liveleak.com/view?t=kwi2K_1526044385 looks like the vehicle has become dangerous
Real Estate Asset Protection Yup, I’ve learned from your videos that your firm seem to know the business of Real Estate especially when it comes to protecting that business.
![เป็นไปได้ไหม - WanMai [Performance Video]](http://i.ytimg.com/vi/Eh5hItD4Mr0/mqdefault.jpg)
![เปิดบ้าน โคตรสวย ป๋องกพล รู้จักตั้งนาน เพิ่งรู้ว่ารวย!!! l [Nickynachat]](http://i.ytimg.com/vi/tmgCF_2HfYI/mqdefault.jpg)
Schedule a complimentary consultation with our experts today! Visit: aba.link/4ui
Amazing information .. crazy how all this is free . People really need to take advantage.thank you so much for this
it's a good into education for those of us not in the know. at least we can work with our attorneys and know what they're talking about!
It is an advertisement for getting an attorney. Why would it not be free?
It's messed up that people charge
16:04 Wow! This is an amazing statement from an attorney! I had this idea to tag the best parts and give you times to fast forward to, but there are too many to be reasonable. And I just saw the heartbeat of not just a lawyer, but of a human being who has seen good people be so wronged and his passion is to protect these good people. If you will at all, for any reason, please watch the whole video.
You are a great teacher my friend!
Great and very intelligent useful information! Well explained, thank you!
Glad it was helpful!
Clint, thank you. You gave me the idea I needed to move me forward in my corprate restructuring.
darling this is all "in depth" that's why you spent years learning it...thank you for the down and dirty 101 version :)
You explained it so well. Thanks for the class…. Pretty cute too 😊
Thanks Clint, great information. In regards to your story about your brother's business, around 40:16, would you still advise someone to separate their business assets into different LLCs even if they were registered as a Wyoming LLC that offers charging order protection? Or do you think this separation of assets would still be a good idea even in that case?
WOW!!!! IMHO: EVERY student, and EVERY Citizen ought to get SERIOUSLY EDUCATED on ALL of THIS kind of VITAL Information, and Learn HOW TO Take Advantage of these Laws, Rules, Regulations, and Jurisdictions, so as to MAXIMIZE their Wealth Retention, and Earning POWER!!!! INCREDIBLE!!!!!!!!!
AMAZING presentation! thank you!
Very good explanation why you need asset protection.
Thanks
LOL, yeah I've heard about those tenants... but I've never had them myself... that's the low-brow kind of tenants, who will wreck the property if they are given the opportunity... and they'll find it! I use a professional renter recruiter who pulls the right kind of tenant out of the masses, and with those, I get renter quality and people who share my own views of material values and what it takes to get to enjoy them! Result: no vandalizing renters, no destabilizing social activities and long term peaceful coexistence! A win-win-win situation!
Thanks, Clint, very informative video.
Throwback! Great stuff brother
You are welcome
Very informative, I love his teaching thanks
You are very welcome
In Europe tenants pay their own heating, electricity so and water..sewertax. not included anymore..most houses or is apartments are not furnitures either .
Clint, you're awesome. I HAVE to make contact really soon!
Harvey Specter in real life, with the equivalent charisma.
Clint, do you practice in Canada as well? If not, can you refer any firms that possess similar expertise?
Thanks
Josh Brolin is dropping jewels.
Tenant: Melted.
Thank you!🤙🏼
Hello Clint, I'm a landlord in DC. I need to set up a LLC. This is what I'm doing. I'm converting my 4-unit apartment into CONDOS. Once this is done.I plan to live in one and sell the three or rather two to paid off the hard money loan...the third one will be profit. What Entity do you suggest?
Hey I plan to start investing in the next 2 years because most mortgage lenders want to see two years of W2 but I was wondering if I buy the first investment with an LLC the requirements won't be the same right?
Correct
Can you explain series LLC?
30:00
Thanks! Great info!
From my undrestanding, the debtor pays the taxes on the distributions when a charging order is imposed, not the creditor. Is that true?
"the widow", ie...his sisters is suing him
is Pennsylvania an issue with land trust in general or just a particular issue you were speaking of in the video
After the owner (Joe Owner) of the property transfers ownership into a Land Trust and a potential plaintiff (Sue Smith) tries to sue Joe, Sue's attorney will do due diligence and discover that the property is now owned by the Land Trust. Won't Sue's attorney put 2-and-2 together that Joe was the one who deeded the property to the Land Trust? Won't they still try to go after Joe since they'll assume that he's still the one in control?
Does a title search show previous owners or just the current owner?
Yes one could make the assumption you describe but most attorneys do not search title transfers - just title record of ownership. The fact you moved an asset into a land trust does not make you responsible for any claims. If properly structured the land trust with an LLC will protected you from claims made against the entities.
Thanks, Clint. Your videos are so invaluable. Thanks for making them.
If we can rewind time, would buying the property into the Land Trust directly (without it ever being under Joe Owner's name) have been a better strategy to eliminate the trace of Joe having owned the property?
Yes you are correct.
To the eyes of the Sue's attorney performing discovery, is there a difference between property that has been transferred into a Land Trust after Joe Owner purchases it against a transfer into a Land Trust immediately after Bob Newbuyer buys the property from Joe Owner and puts it into the Land Trust immediately?
Where do we find these workshops?
Sandra go here andersonadvisors.com/bulletproof-ss/
I need to start planning as of now how to isolate/protect my rental property in the next 2 yrs. Itll be paid off by then and id love to learn how to save $ on taxes etc as well on the income generated by it so as to build more funds to acquire and build my real estate portfolio /holdings... just worried how expensive the service will be..
Frenchy, contact dlewis@andersonadvisors.com to set up a strategy session. The session is free and you will be given tax and asset protection advice. You should also consider attending one of our 3 day tax and asset protection events for real estate investors.
Hello I am smith Maxwell I have investor that want to give his money for investment
very helpful info. THANKS
Do you support checking self-directed checking IRA LLC?
Aren't these LLCs known as "shell companies"?
If the average American understood this, the entire country would change.
What do you do when you live in the same building you rent out? e.g. Duplex or large home that one rents out rooms...Is it something you just have to accept liability for?
in all seriousness.... my child has the potential to be a liability. has anyone tried to transfer custody to an llc or trust? This way i still have de facto custody at the end of the day, but i would gain asset protection from my child.
Why wouldn’t you just put your assets into an LLC ? Humans can’t be owned by a company. There was a war about it.
Love the pops!
He's so handsome❤
Mr.Clint, in this case what happens if the parent LLC gets sued?
I know your comment is two years old, but my response may help someone who asks the same question. Civil suits require a basis of an injury in fact. The holding company does business with the operating LLC . The operating company carries the risk because it owns the "asset" that the "injured" party is making claim to.
Fantastic educational material! Thank you!!
How do I get your services?
Alba, first we need to review your situation. If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
Yea
Great videos, What's the difference between a Trustee, a Nominee, and a Resident Agent? Thanks in advance.
A trustee is related to trusts. This is the person who holds title to the trust assets for the benefit of the trust beneficiaries. A resident agent is is a business or person who resides in the state of your entity's formation that is designated to receive service of process if your entity is being sued. A nominee is someone who serves in a position e.g., president, manager, that is listed with the secretary of state to mask the actual controlling individuals from outside discovery.
Do you still hold these type of events?
Yes. Check out andersonadvisors.com and click on events.
Mr Clint . I really need your help for my properties. I live in California. Where do you live Clint. How could i contact you?
Thank you for the valuable information, but 68°F was just plain taking advantage. I would certainly turn my oven on as well.
68 degrees is reasonable- you don’t need 75 degree weather during the winter!
The Hawaii case: IF the tenant was legally evicted at the time when he set the fire, he was no longer her tenant, but just a stranger on the street. At least that is what makes sense to me. A tenant is only a tenant as long as he holds a valid lease/rental contract. Seems that this person no longer had that. So what judge would hold the FORMER landlord of this FORMER tenant responsible for the damage??? What kind of justice is that? Basically, if he had come back some years later and burnt it down, it would have been the same: a former tenant burnt down the building.... right?
That is our screwed up court system that does not protect those who pay the bills.
How to contact you?
Bravo Now his videos you you listen to the very end! Thank you so much and looking for your biz contact # now
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
@@ClintCoons Thank you and i will
It is ONE thing to be financially sound. It’s about being SMART and not selling your soul as you so obviously have. Ok the rest of the tenants they were not affected but A was his funeral paid? His family? Also in the COLD DEAD FREEZING days of winter 68 fucking degrees is laughable! And in my building the thermostat is in the half of the unit with no effect near the windows with NO storm windows
Lmao. Mr.melt face had a heart attack so no funeral payment was provided. As for the next tenant he had his sons clean up the mess so the new tenant was okay.
40:00 "you may think a car a dangerous asset, and I get this a lot when I teach these workshops and I throw out there 'hey is a car a dangerous asset' -- 85% of the people say 'it is a dangerous asset' -- well I'll tell you what, I've never seen a car walk into a bar, order up a few gin and tonics and then go out and drive itself home by itself, there's always somebody behind the wheel. So it's the vehicle itself is not the dangerous asset, because if you did nothing with it, it's just going to sit there, it's the driver that's the danger. So vehicles are pretty much safe, in my opinion."
lol Clint look at this guy getting run over by a stationary car www.liveleak.com/view?t=kwi2K_1526044385
looks like the vehicle has become dangerous
Thanks for the valuable info!
Sooo... we're just going to ignore the fact a man had his kids clean up a dead body then? Ok.
be there or be square.
What about the man who died
He'll be okay.
My god each LLC costs $800 dollars to file in CA, if I own 20 houses there, I'll have to pawn off my car to pay for this
Marc, you need to watch my other video on CA specific strategies to avoid the $800 fee. See th-cam.com/video/UTbLaukU6XU/w-d-xo.html
Real Estate Asset Protection Yup, I’ve learned from your videos that your firm seem to know the business of Real Estate especially when it comes to protecting that business.
I know right Cali $800.00 plus is not a Asset protection state either that's messed up!
We avoided disaster nothing happened just a man died in front of his stove but everything else is fine! Lol
600k for getting thrown out of a boat? I was mauled by a dog and only got 12k. I need a new attorney.
😂👍