Peer 2 Peer Real Estate's Podcast

Show 122 : Are we prepared for a lawsuit ? With Scott Smith

Informações:

Synopsis

About Scott 95% of real estate investors will face a major lawsuit in their lifetime: it’s not a matter of IF but WHEN am I going to get sued? Real estate investors without asset protection advertise their wealth for anyone who looks, making themselves targets.The law favors the proactive, so you must protect yourself before the lawsuit. If you do, you can manage and minimize your risk. If you don’t, you could lose everything. Merely the threat of a single lawsuit will cost you thousands. My clients get lawsuits dropped before they are even filed.Here’s the best way to protect yourself no matter where you live or where the assets are: a series LLC with anonymity trusts.Why?1. This system offers anonymity. They can't find out that you or your company own anything.2. Your assets are compartmentalized. If someone sues one property, they cannot get to you or your other properties.3. You and your assets are fully protected.— You can’t prevent being sued but you can protect yourself before it happens. —You can find