Clint Coons, Author at | BiggerPockets Blog

Mar 25, 2011Mar 16, 2021 Clint Coons

Real Estate Professional Status: The IRS Has Read Sun Tzu

It would appear the IRS has read Sun Tzu’s “The Art of War” and is applying his strategy of “avoiding what is strong to strike at what is weak.” Albeit…

Real Estate News 2 min read

Mar 19, 2011Mar 16, 2021 Clint Coons

Considerations for April 15, 2011 Tax Deadline

As we approach April 15, 2011, our call volume dramatically increases. Individuals desperately seeking to reduce their 2010 tax liability inundate my firm with deduction related questions. Ironically, like asset…

Mortgages & Creative Financing 3 min read

Mar 04, 2011Mar 16, 2021 Clint Coons

Friendly Liens to Hide Equity

In looking for something to write about in the BiggerPockets forum I came across a thread dealing with “friendly liens” for asset protection. If you are not familiar with the…

Mortgages & Creative Financing 3 min read

Feb 18, 2011Mar 16, 2021 Clint Coons

Important Considerations for Real Estate Contract Assignments

Last week’s post focused on Finder Fees as part of an overall wholesaling strategy. Another component to this strategy involves securing a property under contract then assigning the rights of…

Mortgages & Creative Financing 3 min read

Feb 10, 2011Mar 16, 2021 Clint Coons

Finder’s Fee in Real Estate Investing – Is it Legal?

This week I received an inquiry from a real estate investor so fresh from an investment seminar that I could feel the weight of the credit card debt he racked…

Real Estate Investing Basics 1 min read

Jan 27, 2011Mar 16, 2021 Clint Coons

The IRS Has its Eye on “S” Corporations

I have gathered from several responses to my prior post on “C” corporations versus “S” corporations that many active real estate investors prefer the “S” status. The reasons cited for…

Landlording & Rental Properties 3 min read

Jan 13, 2011Mar 16, 2021 Clint Coons

Not Holding on to a Tenant’s Abandoned Property Could Cost You!

Your tenant has quit paying rent so you serve him a 3-day notice to “Quit or Pay Rent”. Low and behold he does you a favor by abandoning the property.…

Real Estate Investing Basics 3 min read

Jan 06, 2011Mar 16, 2021 Clint Coons

How to Raise Money for Your Real Estate Investing

“It is natural to indulge in the illusions of hope. We are apt to shut our eyes to that siren until she allures us to our death.” – Gertrude Stein.…

Real Estate Business 1 min read

Dec 31, 2010Mar 16, 2021 Clint Coons

What do Motorcycles and Real Estate Investing Have in Common?

What do motorcycles and real estate have in common? Nothing, but when it comes to buying and selling – everything. I used to watch a “reality show” called American Choppers. …

Mortgages & Creative Financing 3 min read

Dec 24, 2010Mar 16, 2021 Clint Coons

3 Strategies to Protect Your Personal Residence

When it comes to asset protection the majority of attention is given to investment real estate with scant advice on how to protect a personal residence. If you are fortunate…

Real Estate Wholesaling 3 min read

Dec 16, 2010Mar 16, 2021 Clint Coons

Wholesaling Property With Land Trusts

Last week a client called about buying a HUD property. After a short discussion I realized he was buying a trust that owned the right to purchase the property. After…

Real Estate Investing Basics 2 min read

Dec 10, 2010Mar 16, 2021 Clint Coons

Six Clauses for Every LLC – Part 2

The purpose of this post is to provide investors with some guidance in creating their LLCs. So far, I have covered three of six points that in my experience have…

Real Estate Business 2 min read

Dec 02, 2010Mar 16, 2021 Clint Coons

Six Clauses Essential for Every LLC – Part 1

A properly drafted operating agreement can greatly enhance the liability protection. An improperly drafted operating agreement will do the opposite, leaving creditors a superhighway of access to the assets. The…