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To summarize equity stripping is the process of removing equity from a property and transferring it to yourself or another entity. This allows you to protect your rental properties from creditors, which can be crucial in times of financial stress.
Creditors are those who are owed money by a person or company, such as a bank or mortgage lender. When you have no equity in your rental property and the value is lower than what you owe on it, then creditors can claim ownership of that property through foreclosure.
Our goal with this video is to help you, the viewer, discover how you can take advantage of this process and protect the equity in your rental property from creditors. If you have any questions, feel free to leave them in the comment section below.
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Until our next installment, please feel free to explore our other content and learn more about the services we provide.
Show Notes
0:00 Intro
0:10 Equity Stripping Strategy
1:23 Example
3:20 Needs of Equity Stripping
7:20 Outro
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FREE REAL ESTATE INVESTMENT STRATEGY SESSION
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FREE TAX & ASSET PROTECTION WORKSHOP
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FINANCIAL PLANNING & RESOURCES
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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.
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