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In the YouTube video, Brendan Weaver discusses the drawbacks of using a home address for business purposes instead of a virtual address. He defines a virtual address, mentioning options like Regis or coworking spaces that can handle mail forwarding and provide flexible office spaces. The main cons of using a home address include potential negative perceptions and privacy concerns. Weaver emphasizes that while a virtual address can save money and offer a more professional appearance, a home address might lead to unwanted scrutiny and impact business credibility.