Loan Options for Real Estate Investors (Setting Up More Deals)

Clint Coons Esq. | Real Estate Asset Protection

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What are some of your lending options when it comes to buying real estate as a real estate investor?
Learn more about how to become anonymous AND appear as if you own nothing at our next Free Tax & Asset Protection Workshop. Save Your Seat: aba.link/tapclint
If you've watched my videos about protecting your assets and using LLCs then pay close attention to this video.
Leverage is going to help you accomplish more in your real estate investing and when you're able to use other people's money to put your deals together, you can buy more properties.
There's a certain strategy you'll want to follow and I explain it all in this short video.
WATCH NOW and please leave your comments and experiences with getting loans for your real estate deals below!
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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.
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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.
#LoanOptions #RealEstateInvestors #RealEstateInvesting #Lending

Опубликовано:

11 янв 2021

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Комментарии : 137

@ClintCoons 6 месяцев назад

Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/f0ae26

@anhrestuarant 3 года назад

If you change a billion lives, that's the formula to becoming a billionaire. Loaning, adding, giving, sharing, providing value creates wealth - of mind, heart, soul and yes, finances but it starts with the value you give. Love it

@joy3439 3 года назад

Amen

@EdgarBirdsong Год назад

I'm new to your channel. But I just want to say that you give all the nuts and bolts. And your not trying to sell me anything. Keep being great..

@ClintCoons Год назад

I appreciate that

@santaniebrown3721 Год назад

Well explained, thank you so much! Clear and concise teaching style. Just subscribed!

@darrinharvey2794 3 года назад

Clint always concise, clear and too the point!

@ClintCoons 3 года назад

Thanks

@dorothealivingthesimplelife 3 года назад

OMG... so much sourcing that I hadn’t considered. Thanks 🙏🏿😌

@ClintCoons 3 года назад

Glad it was helpful!

@Me-vz1rl 2 года назад

you won't find this anywhere else! Best channel ever!

@ClintCoons 2 года назад

Wow, thanks!

@keyfrontpropertiesllc3472 2 года назад

Love your content, Clint, you're the BEST!

@ClintCoons 2 года назад

Wow, thanks!

@nirajghai5868 3 года назад

Another helpful and insightful video. Avid follower- love the channel! ❤️ from NYC

@ClintCoons 3 года назад

Thanks for watching!

@hankclements1602 3 года назад

Awesome! Awesome! One of you best videos yet! Thanks

@ClintCoons 3 года назад

Glad you liked it!

@MsAllie-hf1bh 2 года назад

Sir you are a blessing to investors. Thank you so much.

@ClintCoons 2 года назад

So nice of you

@lavanyakala9593 3 года назад

Clint thanks so much for awesome videos!! Highly valuable information !!

@ClintCoons 3 года назад

Glad you like them!

@yamiynyisrael7341 3 года назад

Always thorough information!!! 👍

@ClintCoons 3 года назад

Glad you think so!

@BlvckJeffBezos Год назад

Brilliant knowledge Clint! Taking notes as we speak

@ClintCoons Год назад

Nice.

@alejandromolina1396 3 года назад

Wow!!! Highly informative, I can not thank you enough. Keep up the great work!

@ClintCoons 3 года назад

You bet!

@joshrweb 3 года назад

I found this super helpful. Thank you.

@ClintCoons 3 года назад

You're very welcome!

@richruelas 2 года назад

Excellent information as usual. Thank you sir

@ClintCoons 2 года назад

Thanks for watching!

@brad265 3 года назад

You should talk about securities backed line of credit.

@avelinalindawan6218 2 года назад

Very informative- Thank You!

@ClintCoons 2 года назад

You're welcome!

@theindivisible 3 года назад

Also you could do a Portfolio Line of Credit if you have a Brokerage account.. some brokerage can lend you with their margin rates.. upto 40-50% of your portfolio

@ClintCoons 3 года назад

Great point.

@lisakeene1407 Год назад

Excellent...Next...

@chrispearson-smith4286 3 года назад

Thanks Clint! I’m a licensed life insurance agent and can attest that what he’s saying is true and a super valuable strategy. I’ve done it for myself and many clients. Since you need an agent to help you do this one, feel free to reach out if any of you want to know more.

@rudysianturi5223 3 года назад

Hey Chris what state are you in?

@budramkissoon7938 3 года назад

Thanks great advise

@ClintCoons 3 года назад

Glad it was helpful!

@eagleone8269 2 года назад

This guy reminds me of Chris Hansen from dateline NBC .. can't shake it off for some reason but this content is great 👍

@sv5479 2 года назад

Thank you!!

@ClintCoons 2 года назад

Welcome!

@dlynes 3 года назад

Great video. With your bank on yourself suggestion, who do you recommend using? Thank you.

@ClintCoons 3 года назад

It depends on your goals. We structure the policy to either provide greater immediate cash access or longer term growth. The key is finding the right carrier that provides the right product. We work with many carriers so I do not have one recommendation although LSW or Allianz are some common choices.

@daveglen4578 3 года назад

Great advice thank you very much. Have you authored a book in respect to all of this? Let me know thanks again.

@ClintCoons 3 года назад

Yes I have. Asset Protection for Real Estate Investors. You can find it on Amazon.

@shotime555 2 года назад

Do VA loans apply?

@vr3674 2 года назад

Hi Clint, just curious who do you all use or refer clients to when it comes to the bank on yourself option?

@ClintCoons 2 года назад

We offer this service through our financial arm.

@noegutierrez5480 2 года назад

Can you use the HELOC to pay for down payment and closing cost? Or does there have to enough money to buy the whole property?

@ClintCoons 2 года назад

Can you be a bit more specific. Are you asking if you can get a HELOC on your residence to be used to purchase and investment property?

@sherrynichols2570 3 года назад

With the current volatility of the economy and taking 2008/09 into consideration, would you suggest a cash out refi instead of a HELOC on our personal home? I remember people having their HELOCs recalled back then or turned into 2nd mortgages... We want to start purchasing multifamily properties in other states but don't want to get stuck losing access to equity we haven't used when they decide to choke things down.

@ClintCoons 3 года назад

Only if you were planning to use it for investing sooner rather than later because you will be charged interest on the money with a CO-Refi. The HELOC I think is ok if you time the withdrawal. If you see the housing market turning then pull all the cash on the HELOC to prevent the lender from cancelling or lowering.

@rightright6582 Год назад

What????hiw can they do that? Sog

@karonhebron1304 Год назад

I would like to get more information on the realestate investment with the use of hard money lending and using the equity in the property to rehab and buy more properties and how to show this on a tax return

@LiveJazzBands 2 года назад

Great video. If a lender requires I take title personally and I then deed to my LLC or trust after closing, is my name then easily traced to that property? And then my LLC name exposed-- possibly leading to additional asset searches for that LLC?

@ClintCoons 2 года назад

Yes you will always be in the chain of title and if someone digs they will find the association. Keep in mind you will not be listed as the current owner and a person will need to make an assumption that you are somehow connected to the LLC.

@rcruz401 3 года назад

GREAT STUFF! Can you do one with financing Commercial Multifamily 5+ Residential Rentals?

@ClintCoons 3 года назад

Yes if you are using the BRRRR strategy for 5+ units then you can definitely hold title in an LLC for financing purposes.

@rcruz401 3 года назад

@@ClintCoons Ok, because I'm wondering if its best to close in my own name on this 5 unit with a Private Lender to then refinance 3-5 months later with a traditional or portfolio bank and then put it in an LLC afterwards🤔 OR should I just do it from the start with the Private Lender? Doing a 1031 exchange and my main concern is not having hiccups when I try to refinance.

@ClintCoons 3 года назад

@@rcruz401 If you are doing a 1031 the exchange accommodated will require you close in the same name as the down leg.

@RonKima 3 года назад

Hey Clint! When using HELOC to buy an investment property, then refinancing it to pull equity and repay HELOC - will the mortgage interest be tax deductible after such refinance? Another question on portfolio loan: When applying for such a loan, you basically have brand new LLC or LP with no money or assets in it. Will the lender lend to such entity? Do they look at your personal credit history when lending to LLCs? Thank you in advance!

@ClintCoons 3 года назад

Yes you can deduct the interest on the investment loan and no the LLC will not be used for financing. The lender will typically base the loan qualification on your personal credit score.

@RonKima 3 года назад

@@ClintCoons Thank you so much for your reply! Does moving a property into LLC change its cost basis or depreciation starting point?

@ClintCoons 3 года назад

@@RonKima It does not

@macnachten8822 3 года назад

So, can ya do one about the finance and protection options of attaining a working ranch of say 2500 acres?

@ClintCoons 3 года назад

Excellent idea. Thanks

@ab-qn7kv 3 года назад

How many times a year can you use the 401k option(50k maximum) per year. Thanks in advance. Great content!

@ClintCoons 3 года назад

It is per plan. The most you can have outstanding is 50k.

@ab-qn7kv 3 года назад

@@ClintCoons Thank you for the direction. I liked the video, great content. Very much appreciated!

@JasonY02 3 года назад

So if you do estate throw a LLC that’s owned buy a nother LLC to show you don’t own it you just work for the LLC then what happens if you don’t pay taxes will it come back to you or just hit the LLC where your anonymous an thay can’t find the owner. How will that work ???

@ClintCoons 3 года назад

It will flow through to you personally.

@randydasilva6420 3 года назад

Hey Clint, can you use a home equity line of credit from your personal residence to fund the purchase of an investment property in your LLC’s name? Can you be penalized by your bank/lender for doing this,or are there any tax penalties or disadvantages to this?

@OmerKhan1 3 года назад

Good question.

@ClintCoons 3 года назад

Yes you can use your HELOC to buy an investment property but you must make sure you are taking the interest deduction on Schedule E and not Schedule A.

@randydasilva6420 3 года назад

@@ClintCoons thanks. Will the lender/bank have an issue with you using your personal heloc to fund your LLC’s investment property?

@ClintCoons 3 года назад

@@randydasilva6420 Never seen an issue with this. Banks typically do not restrict how the HELOC is used.

@helprehouseourvets6919 Год назад

Do you have a video on investing in REITS using a Wyoming Holding Company & LLC?

@ClintCoons Год назад

I do not.

@clementifangblog8583 8 месяцев назад

Thanks so much,i really have a good deal here in Lagos Nigeria,and Abuja i need a good investors or buyer.

@helpinghands846 3 года назад

is bank on yourself a whole life insurance policy or health plan?

@ClintCoons 3 года назад

IUL or whole life plan - yes bank on yourself.

@UqHBORED 3 года назад

I want that picture behind you 😭

@stevenbingham3061 3 года назад

Hey Clint, I think a correction/clarification should be made on your comment about a Home Equity Line Of Credit. You stated, correctly, that you don't pay interest until you draw funds from this line of credit. But you also stated that "it doesn't cost you anything to get this type of loan", which I don't think is exactly true. I believe both Home Equity Loans and Home Equity Lines of Credit (HELOC) both come with closing costs and I know for at least some lenders they may charge you an annual or monthly fee for just having the account open even if you've not drawn any money out. So, to establish a HELOC you'll be paying closing costs which would be a percentage of the loan amount and then a periodic maintenance fee. Is this clarification correct?

@ClintCoons 3 года назад

Yes you are correct. Banks do charge 2 to 5% to obtain a HELOC. I was speaking more in terms of not paying any monthly interest on the money. Thanks for pointing this out for the viewers.

@rosejones2932 Год назад

Very excellent. I am hesitant to pull money out of my own home, any thoughts on that? Also , I want to invest in tax lien and tax deed properties - where I might not know exactly how much money I need at a time. I wonder how I would do that?

@ClintCoons Год назад

Get an equity line of credit that you can tap into if you find an investment.

@treejohnson89 2 года назад

which one would be used if am renting it out as an air bnb

@ClintCoons 2 года назад

Could you be more specific?

@kittynyc27 Год назад

This is great information. I want to purchase my first property in a LLC in Texas and thinking of using a Portfolio loan. I live in NY and was wondering if I should build relationship with small community bank in NY or in Texas?

@ClintCoons Год назад

I would fist speak to a local bank and ask about out of state loans. The NY CB may not be willing to provide such a loan. There are also a lot of great non qualified mortgage lenders (see my video with Kurt - m.ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yxYb555YBQ0.html). Also you may want to consider using a series LLC if you plan to buy more property in Texas.

@kittynyc27 Год назад

@@ClintCoons Thanks for the info. I'm not sure if I'll have more than one properties in TX but I do plan on purchasing in other states. If series LLC works with different states, then I 'll look into it.

@eduardocod8924 2 года назад

what is the best loan to get if I have 250k downpayment, but i dont have a good income (50-100K) to buy a really expensive house(LETS SAY 1Mill) ?

@Patrick-lx4gy 2 года назад

I am getting mixed advise: some brokers tell me I cannot rent out my property on a conventional loan until one year of ownership has passed and unless I have 20% down. Is this true?

@ClintCoons 2 года назад

Are you referring to a personal residence with a freddie/fannie conforming loan?

@ritaveronicaperez 2 года назад

Any lender recommendations?

@ClintCoons 2 года назад

I do not have any specific lender recommendations.

@garydownes1594 2 года назад

What's a community bank??

@ClintCoons 2 года назад

Local bank that is not national.

@starr8111 3 года назад

Where to find a community bank that offers a portfolio loan

@ClintCoons 3 года назад

Look in your local area for a community bank.

@princea5363 2 года назад

What's the best option for a sheriff sale?

@ClintCoons 2 года назад

Land trust or series cell depending on the state.

@kumar03051987 2 года назад

What happens if the original property is loaned under 3 people but converted to LLC with 3 additional partners?

@ClintCoons 2 года назад

Nothing. So long as the same partners own the LLC it should not be an issue.

@dannylopez8059 3 года назад

Hi Clint, big fan and loyal platinum member. I’ve always wondered about using Hard/Private Money to initially buy turn key properties and I’ve actually ran the numbers with conservative interest rates and they do work out. I’m just having trouble finding a company that offers pre-rehab projects that use the purchase price and rehab costs (plus their own fee) for the client to invest in. Do you have any recommendations?

@ClintCoons 3 года назад

Have you considered Alpine Capital or Real Wealth Network (Kathy Fettke)?

@carlospecina9403 3 года назад

Hi Clint, Platinum member here as well. Good video, I appreciate it. I heard of Alphine Capital during an Anderson live workshop last year and have their info. I have not heard of Real Wealth Network, can you please share their url? I've flipped a few properties and always use a hard money lender here in TX, lots of work flipping but have made a little of bit of money on the flips. That said, this week I found property that I plan to keep. It already has a tenant, the property needs about 16k of rehab to take it top market value if I wanted to flip...all in all i believe the numbers make sense however I'm using a hard money lender to get it... I only requested financing for the purchase of the property, I'm bringing 16% of what I purchased the property for to closing and doing rehab with my own funds on top of that. And in 6 -9 months max, my goal is to refinance to a 15 or 30 year loan. I'm closing on the property on Jan 27 but after hearing you, I'd like to explore other financing alternatives that could require less out of pocket to acquire it. Any tips on who to call, let me know. Thx

@ClintCoons 3 года назад

@@carlospecina9403 I will reach out to a few of my TX clients for a referral if I can get one. Many times investors keep their best lender's info private to avoid competition for the money. I will send you an email when I hear back. Also, thanks for being a Platinum Member of Anderson.

@carlospecina9403 3 года назад

@@ClintCoons Thank you Clint. I'm advanced in the lender term process; hopefully you hear back in time for me to pivot if needed. I appreciate any tips/help. 👌🏼

@terrycrawford6740 2 года назад

Just tried to get a HELOC on my principal residence that's held in a Land Trust with my WY LLC as the Trustee. Lender is balking because it's "owned" by an LLC and they don't lend to LLCs. I've communicated with them that the LLC is only a Trustee and that I'm still the owner (Beneficiary). How do I get around this hurdle? Thanks.

@ClintCoons 2 года назад

Redraft the trust to not show the LLC

@terrycrawford6740 2 года назад

They don't like the fact that the owner on title says "MyTrustee, LLC" since MyTrustee, LLC is the trustee.

@starr8111 3 года назад

13:00

@DL-1 3 года назад

How does a person get into purchasing rental property and renting it out for income... while no one has to pay rent with the moratorium? How do you safely and profitably begin a real estate company in this environment? I'm afraid. I want to build wealth. But i am afraid of loss. How do i win?

@ClintCoons 3 года назад

I have not experienced any problems with collecting rent during Covid. Location is very important. I tend to focus on veteran and low-income housing because that area of the market is underserved and there are many support programs available for the tenants to make rent.

@DL-1 3 года назад

@@ClintCoons Thank you for taking the time to answer.i appreciate that.

@DL-1 3 года назад

@@ClintCoons do you have a video that shows how to buy lower priced homes in inner city environments, rehab them, and rent them out?

@ClintCoons 3 года назад

@@DL-1 I do not.

@DL-1 3 года назад

@@ClintCoons Will you be creating one?i want to learn how to buy assets like you and get wealthy and powerful enough to buy and develop land, and build houses for my family to live in and own.i think that you know how. And i wish that i could do what you do.

@starr8111 3 года назад

9:29