Wholesaling real estate is a great way to get started in investing but what about taxes and asset protection in your wholesaling business?

If you think you don't need asset protection just because wholesaling is primarily done on paper THINK AGAIN because there is a risk when it comes to real estate wholesale activities.

When you wholesale you're going to have active income which if you're doing it in your own name should fall onto your Schedule C so that brings tax ramifications. Employment taxes in and of themselves can be a problem.

Another issue. What happens if you want to hold those wholesale properties longer because you have to apply for financing?

What you need to know about wholesaling, taxes, asset protection, and the best way to structure your wholesale real estate business is covered in this short informative video.

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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.


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 attorneyclient 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.