When to Use or Avoid Anonymity with Real Estate Investing

Using anonymity to protect your real estate is a core strategy of asset protection. Plaintiff attorneys are deterred from seeking vengeance against those they perceive to have no assets. This is typically accomplished with real estate through the use of land trusts with a nominee trustee and LLCs filed in Wyoming or Nevada using a nominee manager. Future LLCs are set up as member managed with the Wyoming or Nevada LLC listed as its sole member. With this type of structure, you can create anonymity for all of your business interests because nothing will point to you, everything will point to Wyoming or Nevada and you nominee manager.

Although this strategy has served my clients well over the years, it is not appropriate in every circumstance. Assume you are a real estate flipper that uses hard money to fund your deals. If you set up a corporation in Wyoming and nothing is traced back to you, this can make it difficult to borrow money. A lender will want to see you name associated with your business and if all the lender can see is your nominee, your ability to obtain financing is greatly diminished. Thus, when if comes to using anonymity keep in mind it can be a hindrance to borrowing money. If you plan to use financing then operate your financing through an entity you name is associated with on the public record and hide everything else.
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
https://www.youtube.com/c/RealEstateA...

~~~~

FREE REAL ESTATE INVESTMENT STRATEGY SESSION

Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 https://aba.link/qc5

FREE TAX & ASSET PROTECTION WORKSHOP

Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: https://aba.link/35ceda

~~~~

FINANCIAL PLANNING & RESOURCES

Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. https://aba.link/8ql

For financial strategies, podcasts, articles and details on upcoming workshops visit https://aba.link/clintaba

Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio


~~~~

FOLLOW US:

Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin

~~~~

CONTACT US
Phone: 800.706.4741
Email: [email protected]
Fax: 702.664.0545

ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.