Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. aba.link/of8
@BradSimmons Жыл бұрын
Thank you Clint - this video explains a ton. I've been in real estate since 1981 -- new stuff to learn all the time.
@ClintCoons Жыл бұрын
Very welcome!
@robynwonnell66802 жыл бұрын
Excellent information. Thank you. A few new bites of information that I hadn't heard before. Thank you.
@ClintCoons2 жыл бұрын
Robyn Wonnell Thanks for watching.
@organizer14 Жыл бұрын
Thanks, helpful and great explanation!
@ClintCoons Жыл бұрын
Glad it was helpful!
@terryterry35442 ай бұрын
Hi , thank you for all the information on set up business entity's.. You guys are the best 😊. I well be emigrating to FL USA , IN Aprox 9/12 months- and we'll contact your company for business set ups.. Butch-- Ireland.
@kimberleycarroll10772 жыл бұрын
I am purchasing a single family home from my son in Massachusetts I want to have it listed as a homestead and protected by an LLC I will have my daughter baby daddy and 4 grand children in the house and I want to build a 2nd house that I will be living in on the same property and I want it protected in a landtrust so it will be safe for generations to come. I have just started as an investor I am planning on acquiring several long term rentals and I hope to also have 2-3 Air B+B's . Should I open a LLC for each of the rentals can I combine long term ones in a LLC and short term in an LLC
@ClintCoons2 жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@CDReimer3 жыл бұрын
You recommend partnership for WY LLC to get a K1 for lending purposes. A partnership requires at least two individuals. What about a single individual (especially in California!)?
@ClintCoons3 жыл бұрын
Correct. You could use another entity as your partner or just keep it disregarded.
@StreamingF1ydave3 жыл бұрын
Keep watching. Clint recommends a land bank trust or grantor trust for California, but this may or may not apply to your situation. Call them and get the last attorney service you will ever need.
@ClintCoons3 жыл бұрын
@@StreamingF1ydave Thanks, Dave!
@AG-xq6kj2 жыл бұрын
Great video. At 9:51, you mentioned an automatic conversion strategy triggered upon bankruptcy or a similar event - wouldn’t this action be disregarded as ipso facto under § 541(c), leaving the DST still exposed?
@ClintCoons2 жыл бұрын
Not sure. BK is not within my wheelhouse. Thanks for watching.
@deloriahoward33483 жыл бұрын
Congratulations! That is awesome!
@ClintCoons3 жыл бұрын
Thank you!!
@aeongaming25613 жыл бұрын
Can't creditors take your interest in the WY LLC?
@ClintCoons3 жыл бұрын
Wyoming has charging order protections that limit a creditor's remedy to a charging order and not foreclosure of your interest.
@mgmtcp2 жыл бұрын
Love your videos Clint. It guides me on what do do with real estate investment assets. However, what structure would be best for other assets ? Stocks, bonds, mutual Funds, forex, cyrpto currency?
@ClintCoons2 жыл бұрын
Absolutely. I posted a video a few weeks back on protecting these types of assets.
@lxbui2 жыл бұрын
Amazing work thanks for this.
@ClintCoons2 жыл бұрын
Glad you liked it!
@vintageport7804 Жыл бұрын
Hey Clint...I'd be interested in hearing your take on 1031DST exchanges. Comparing monthly rent of LTRs to the distribution and appreciation of the properties within the DST.
@ClintCoons Жыл бұрын
The problem with DST is illiquidity. If you want to sell and move on your are stuck. I know it is a great fall back option for a blown 1031 and that is how I would use it.
@leonliang3030-12 жыл бұрын
can you introduce other DST, Deferred Sales Trust and the difference comparing Delaware Statutory Trust? thx
@timothybracken17283 жыл бұрын
can you make an updated revised edition of your book on real estate asset protection Clint? I want to buy the book but am afraid it's outdated information
@ClintCoons3 жыл бұрын
Its not outdated and I am 3/4 of the way finished with my latest book. My editor estimates it will be released in December. The second book expands on the first book but does not cover all of the same topics.
@animallover2863 жыл бұрын
Can DST be used for reducing capital gain tax? Or is MIST (IRC 453) a better strategy?
@ClintCoons3 жыл бұрын
A DST does not change your Capital gains tax on the sales (assuming you are not considering a 1031)
@blackdiamondrob2 жыл бұрын
why make the WY LLC a limited partnership at the base, over making it a disregarded LLC?
@ClintCoons2 жыл бұрын
To control where the income hits your 1040 so you can help your DTI when working with lenders.
@kimberleycarroll10772 жыл бұрын
should I set up the LLC in Massachusetts? asset protection
@ClintCoons2 жыл бұрын
Possibly. Set up a strategy session to discuss.
@lesliebrown59463 жыл бұрын
Will this type of structure work in Indiana? I watch a lot of your videos and the closest you've ever gotten to Indiana was Illinoise.
@ClintCoons3 жыл бұрын
Yes
@BrogeKilrain3 жыл бұрын
If I Delaware Corp but live in Florida do I have to pay delaware income tax on collected rents ?
@ClintCoons3 жыл бұрын
Only on income generated in DE not in FL.
@MWLegalGroup2 жыл бұрын
Hi Clint, are you allowed to have another entity on title with the DST or does it have to be the sole entity on title?
@Michael-nc9re7 ай бұрын
No dst
@LeolyanGRAY7 ай бұрын
Hey Clint, Lee Gray here. Why do you choose Wyomi over Nevada or New Mexico is Wyoming better than Nevada
@ClintCoons7 ай бұрын
Wyoming is better from an anonymity standpoint. Nevada requires you to use a nominee manager on your LLC to obtain anonymity, creating issues when you open a bank account. Wyoming does not collect any information on Managers or Members of LLCs. See this video. kzbin.info/www/bejne/l3fZl2lsfa18j6M
@todamoon552 жыл бұрын
Can you only use a statutory trust for real estate? Can it be securities as well. Can you replace a grantors trust within a family limited partnership with a statutory trust and avoid huge trustee administration fees from corporate trustees.
@ClintCoons2 жыл бұрын
Yes you can. A WST can be set up for securities.
@roballington23194 ай бұрын
Very interesting
@kimberleycarroll10772 жыл бұрын
Can I protect my homestead with a landtrust with a LLC
@ClintCoons2 жыл бұрын
No I would not use this combination. A land trust might be an option but not the LLC component.
@benjaminiwuno1014 Жыл бұрын
Hello Clint.... I would love to know more on using this strategy to lend funds to my Corp. Or holding company and would really love to know the tax advantages involved.... Thanks
@ClintCoons Жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@saleemsafdar55949 ай бұрын
Well explained.
@alchemyamber8 ай бұрын
Does this still apply with the filings we have to report with the FINCEN? Wouldn't that make this void now?
@ClintCoons8 ай бұрын
Yes it does
@MrFreddarama2 жыл бұрын
Thank you for this info. Do you have a way to contact you?
@ClintCoons2 жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@BW-kv9wj3 жыл бұрын
Clint. I just sold my California 4plex and 1031 into a huge DST property in California where I own a small percentage of it. I opened a CA LLC which is owned by my Wyoming LLC to hold that property. I have to pay $800 a year for that CA LLC. Did I do this the wrong way? I’m in an exchange now and sold a triple net lease property in Alabama and 1031 into another DST property in Minnesota. How can I avoid CA charging me an $800 fee if I do the same thing in Minnesota while being a CA resident?
@ClintCoons3 жыл бұрын
I don''t understand. If you are investing into a DST why would you be opening an LLC to hold the property. The property is owned by the DST.
@BW-kv9wj3 жыл бұрын
@@ClintCoons That’s why I asked you. I thought it would protect me. If the building blew up, or burned down killing people, I wanted to be protected with a LLC and I wanted anonymity with Wyoming
@BW-kv9wj3 жыл бұрын
@@ClintCoons I didn’t want my name anywhere to be seen.
@steveb760020 күн бұрын
Why would you ever use a California based DST lol?
@kimberleycarroll10772 жыл бұрын
Can I hire you to set up landtrust + wy LLC
@ClintCoons2 жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@allshoulders9624 Жыл бұрын
Clint, can a DST be used for new development projects? I have a bunch of investors with 1031s and a single family home development project. I can’t find any determination
@ClintCoons Жыл бұрын
Yes it can provided you work with a securities attorney who knows how to create it to qualify.
@Bennuides2 жыл бұрын
can a trust have a credit score and take out loans like an LLC?
@ClintCoons2 жыл бұрын
A business trust could but not necessarily a land trust.
@Bennuides2 жыл бұрын
@@ClintCoons should i make a seprate WST or DST for the property management company or just use the same WST/DST that the property was purchased in? Can the WST/DST evict a tennant?
@ClintCoons2 жыл бұрын
@@Bennuides You could but if you only have a few properties then I would use the WST holding the property to collect rents.
@Bennuides2 жыл бұрын
@@ClintCoons do I need a separate LLC for property management for eviction? Can the WST evict tenants?
@chuckhager Жыл бұрын
Can the DST be setup the same way as a WST? And I believe there is only a one time fee of $500 to setup a DST with zero annual fees. And the DST works like a series LLC using child trusts that can be setup for free, and can all be managed using only one bank account. Is this correct?
@ClintCoons Жыл бұрын
Yes the DST is set up the same way as a WST and it does allow for the use of series. Not sure on the one bank account if the statute reads similar to various series LLC statues where you must separately account for each WST series.
@roballington23194 ай бұрын
Again does it have to be a partnership? Can it be a single member llc?
@ClintCoons4 ай бұрын
It can be disregarded if you are the sole owner.
@jmarquardt11 Жыл бұрын
Is statutory trust a good structure for self-directed IRA?
@ClintCoons Жыл бұрын
It can work.
@jmarquardt11 Жыл бұрын
Are you available for advisory?@@ClintCoons
@yasarmalas Жыл бұрын
How can I contact you to discuss options?
@ClintCoons Жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession