What is the #1 mistake real estate flippers make? Surprisingly, this is a common mistake that many new flippers make when starting out. In this video, we're going to go over the #1 mistake house flippers make and how to avoid it.
House flipping is the practice of buying a home, renovating it, and then reselling it for a profit. Furthermore, it is common for mistakes to happen during this process.
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"The mistake that I see people make when it comes to flipping real estate many times is that when it comes to their first deal, they do it in their own name.” 1:20
In this video, we will be taking advantage of this brief window of time to explain the dangers of making this mistake and what making this mistake can mean for your finances.
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Show Notes:
0:00 Intro
0:13 #1 Mistake of House Flipping
4:08 Solution
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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.
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