Show notes
Clint Coons is one the founding partners of Anderson, a legal business and tax advising firm that helps real estate investors protect their assets. Clint is an asset protection expert and has helped many real estate investors structure their businesses to be more successful. In this episode, Clint discusses how he's done well in real estate investing by starting out small, growing his business, and using cost segregation, accelerated depreciation, syndication, passive investing, and capital gains distributions to pay for taxes or defer taxes. He also discusses how team building, teamworking, and a focus on the return on investment are key to success in real estate investing.Key Highlights:[00:00 - 06:16] Opening SegmentLet's get to know Clint CoonsDiversification as a new asset class of investingNarrowing one's focus in order to succeed[06:16 - 14:34] Investment StrategiesSave your time and money through entity structuringTime is better spent on activities that have a higher valueStick to what you're good at and hire professionals for what you're notThe importance of having a well-rounded financial plan[14:34 - 22:20] Leveraging Opportunities and Setting the Right MindsetThe importance of planning aheadHaving a preservation mindset and not being afraid to investHaving a corporationSetting up LLCs to funnel income from properties[22:20 - 35:10] Cost Segregation and Other Ways to Deal with RoadblocksFollowing someone who's already done what you want to doLooking at different strategies and legal approachesReducing the cost of purchase or renovation through cost segregationPartial asset disposition[35:11 - 43:14] Closing SegmentBiggest mistakes that people doConnect with Clint with the links belowFinal wordsInvest back into yourself by joining Clint's free bi-weekly virtual event! Visit this link to know more.Quotes:"You don't want to be the smartest person in the room. If you are the smartest person in the room, then go to the other room, because those are the individuals that are going to teach you." - Clint Coons"you should hire professionals to do what they're good at, and you should stick to doing what you're good at, and you're going to find you're going to make more money." - Clint Coons"When opportunities come my way, my first question is, what is it going to do for me?" - Clint CoonsConnect with me:https://www.5talents.capital/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. Here's how:STEP 1JoinStart by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.STEP 2LearnSupport the Show.