No matter your struggle, we've seen it. If you've been looking for someone to watch your back on the path to your financial freedom, we have the proven track record.
It all starts with having a plan to know what to focus on next. The Freedom Temple diagram below is your first "map" to financial freedom followed by millionaires and even billionaires. Think of it like your personal roadmap to freedom - it's the easiest way to determine where you are in your journey and where you need to go next.
Since we are real estate investors ourselves, we know the intricacies of not only what is needed to be accomplished on the tax and legal fronts. We also know the realities of real estate investing and what it means to use your investing to create TIME FREEDOM.
Get comprehensive advice on your real estate investments no matter who you are or where you're located.
Asset protection starts with insurance, but that's not where it stops. Effective Asset Protection protects you when the insurance company won't or simply chooses not to. The best Asset Protection stops lawsuits before they start by hiding your assets and making it look like you qualify for food stamps.
Since we are real estate investors ourselves, we also prioritize streamlining all of your operations and costs with efficient uses of bank accounts, tax returns, accounting, and day-to-day operations.
The diagram above shows a complete asset protection structure. There's an Operations or Shell Company (Traditional LLC), an Asset Holding Company (Series LLC), Anonymous Land Trusts, Living Trusts (Estate Planning), Tax Saving Vehicles, and so much more.
Each of these are powerful on their own, but combined they form an impenetrable fortress around your assets. Let's take a closer look at how some of this stuff works.
Most people use traditional LLCs to perform every business function. This is convenient, but if you own more than two assets, it exposes you to unnecessary risk.
More secure ways to use the LLC is as an Shell (or Operating) Company if you have multiple assets, or as an Asset Holding Company if you don't.
Notice that when used as a Shell Company, it's intentionally split off from the Asset Holding Company. This is known as separation and it's one of many ways to protect your assets from a lawsuit.
At the top right of the diagram, we have the Asset Holding Company. This entity holds your assets and can scale to infinity.
The parent series can spin off an infinite number of children, which behave like Limited Liability Companies (LLC).
Did you know your personal information available on the internet? In fact, it's possible to find out what you own and how much you're worth within seconds of learning your name.
One of the cheapest ways to defend yourself is to use Land Trusts to wrap yourself in anonymity. It'll make you look like a beggar on paper - and nobody sues people who look like beggars.
Fill out the real estate investor quiz to unlock how the advanced asset protection strategies below relate to your particular situation.
The most important thing in real estate and life is who you do it with. Having a great team makes all the difference, but finding the right people can be uniquely challenging. Who do you need? And how do you tell if they have your best interests at heart?
Billionaires do this by hiring 20 people that just focus on taking care of them and their wealth. They call this a "Family Office". Now, and for the first time ever, you as a real estate investor can have your own Family Office just like the Billionaires. They have attorneys, CPAs, coaches and a host of other specialized services watching their back at every turn. You, as a member of Royal Legal Solutions, will have the same.
Why spend years building your own real estate dream team when you can use ours instead? We have the professionals on staff and a network of providers vetted by us to handle all of your real estate investor needs no matter who you are, where you're located, or what investing you're doing
Join Scott on Episode 109 of the Bigger Pockets Podcast as he blows the host's minds with 60-minutes of advanced legal insights and strategies.
These quotes were just from the first few minutes of the podcast. Play the video below for many more.
Grant Cardone is a New York Times bestselling author and Forbes listed him #1 of the "25 Marketing Influencers to watch in 2017." His five privately held companies generate more than $100 million in yearly revenue. He's regarded as the #1 sales trainer in the world and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance.
He made an appearance on Scott's podcast, the Real Estate Nerds, where they talked about his approach to real estate and why asset protection is so important.
Scott visits the Entrepreneurs on Fire podcast and host John Lee Dumas. Tune in for legal strategies that apply to beginners and experts alike, like:
Listen to this episode of the Wheelbarrow Profits podcasts and learn how Scott first discovered asset protection while playing for the other side as a litigator. Some notable quotes include...
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