To set up a fur up fully foreign trust, you're general to be looking like 50 thousand. The annual maintenance cost for a bridge trust is generally about two thousand, 600 dollars a year. So it's still an investment, but the investment works out. When say you have about a million dollars or of unprotected assets, would you say that the cook islands are kind of like delaware in a sense? They don't have any other industry. There's no black pearls, white pearls. And that's all that they do. Buti looked it up on the map,. It's out in the middle and nowhere. Iad never heard of itis. You can't go
In this week’s episode, Robert Leonard talks with Brian T. Bradley about what asset protection is and why it matters, when a new real estate investor should start considering asset protection, whether new real estate investors need an LLC or not to start investing, how to setup an LLC, the most common and dangerous misconceptions around LLCs, and much, much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:33 - What asset protection is and why it is important.
05:39 - When a real estate investor needs to start considering asset protection.
07:34 - What LLCs are and whether or not you need one to invest.
14:52 - Common and dangerous misconceptions around LLCs.
26:28 - How to properly setup and structure LLCs.
36:57 - How LLCs and asset protection works for house hacks.
59:26 - What asset protection trusts are.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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