Pick a good state, state that has like, charging order protection around the management company. And then for that management company that's purely amanagement company, i would say, got like wyoming or delaware, nevada,. and use one of those states for that. So just keep it simple. This is going to be those state laws that apply when you'regeting suited through the real estate. Privacy is fine, but secrecy in hiding assets is not whyoming a elsies have their place in ase protection. For privacy, youre not placing yourselves at risk of harm or harassment by using aset protection. We don't advocate for hiding an anonymous or secret
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.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Communityto engage in meaningful stock investing discussions with Kyle and the other community members.