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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!

Excellent information. Thank you. A few new bites of information that I hadn't heard before. Thank you.

@ClintCoons

Жыл бұрын

Robyn Wonnell Thanks for watching.

Thanks, helpful and great explanation!

@ClintCoons

Жыл бұрын

Glad it was helpful!

Congratulations! That is awesome!

@ClintCoons

2 жыл бұрын

Thank you!!

Amazing work thanks for this.

@ClintCoons

Жыл бұрын

Glad you liked it!

Well explained.

Very interesting

can you introduce other DST, Deferred Sales Trust and the difference comparing Delaware Statutory Trust? thx

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?

@ClintCoons

2 жыл бұрын

Not sure. BK is not within my wheelhouse. Thanks for watching.

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?

@ClintCoons

2 жыл бұрын

Absolutely. I posted a video a few weeks back on protecting these types of assets.

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-nc9re

4 ай бұрын

No dst

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 I want to buy the book but am afraid it's outdated information

@ClintCoons

2 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Its not outdated and I am 3/4 of the way finished with my latest book.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.

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

@ClintCoons

2 жыл бұрын

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

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

10 ай 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.

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.

@ClintCoons

2 жыл бұрын

Yes

should I set up the LLC in Massachusetts? asset protection

@ClintCoons

2 жыл бұрын

Possibly. Set up a strategy session to discuss.

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!)?

@ClintCoons

2 жыл бұрын

Correct. You could use another entity as your partner or just keep it disregarded.

@StreamingF1ydave

2 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.

@ClintCoons

2 жыл бұрын

@@StreamingF1ydave Thanks, Dave!

Can DST be used for reducing capital gain tax? Or is MIST (IRC 453) a better strategy?

@ClintCoons

2 жыл бұрын

A DST does not change your Capital gains tax on the sales (assuming you are not considering a 1031)

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.

@ClintCoons

2 жыл бұрын

Yes you can. A WST can be set up for securities.

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

If I Delaware Corp but live in Florida do I have to pay delaware income tax on collected rents ?

@ClintCoons

2 жыл бұрын

Only on income generated in DE not in FL.

Can't creditors take your interest in the WY LLC?

@ClintCoons

2 жыл бұрын

Wyoming has charging order protections that limit a creditor's remedy to a charging order and not foreclosure of your interest.

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.

Hey Clint, Lee Gray here. Why do you choose Wyomi over Nevada or New Mexico is Wyoming better than Nevada

@ClintCoons

3 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. kzread.info/dash/bejne/k3qqyJhveKuviaQ.html

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?

@ClintCoons

2 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-kv9wj

2 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-kv9wj

2 жыл бұрын

@@ClintCoons I didn’t want my name anywhere to be seen.

why make the WY LLC a limited partnership at the base, over making it a disregarded LLC?

@ClintCoons

2 жыл бұрын

To control where the income hits your 1040 so you can help your DTI when working with lenders.

Does this still apply with the filings we have to report with the FINCEN? Wouldn't that make this void now?

@ClintCoons

4 ай бұрын

Yes it does

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.

Thank you for this info. Do you have a way to contact you?

@ClintCoons

2 жыл бұрын

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

Can I protect my homestead with a landtrust with a LLC

@ClintCoons

2 жыл бұрын

No I would not use this combination. A land trust might be an option but not the LLC component.

Again does it have to be a partnership? Can it be a single member llc?

@ClintCoons

Ай бұрын

It can be disregarded if you are the sole owner.

Is statutory trust a good structure for self-directed IRA?

@ClintCoons

10 ай бұрын

It can work.

@jmarquardt11

10 ай бұрын

Are you available for advisory?@@ClintCoons

can a trust have a credit score and take out loans like an LLC?

@ClintCoons

2 жыл бұрын

A business trust could but not necessarily a land trust.

@Bennuides

2 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?

@ClintCoons

2 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.

@Bennuides

2 жыл бұрын

@@ClintCoons do I need a separate LLC for property management for eviction? Can the WST evict tenants?

😁

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

Can I hire you to set up landtrust + wy LLC

@ClintCoons

2 жыл бұрын

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession