Ritter on Real Estate How To Define & Circumvent Risk With Douglass Lodmell
In today's episode of Ritter On Real Estate, we interview Douglass Lodmell. Douglass is a Managing Partner of Lodmell & Lodmell, P.C., one of the nation’s leading Asset Protection Law Firms.
Today, Douglass' law firm is responsible for protecting over $4 Billion in client assets. Douglass spends much of his time teaching, speaking, and leading thousands of business owners, corporate executives, investors and other professionals who have often worked most of their lives to accumulate wealth of various types, including real estate and securities. Douglass is also the author of the book The Lawsuit Lottery: The Hijacking of Justice in America.
Key Points From The Episode:
-Douglass' start in risk management on Wallstreet. Then working in the legal system.
-Understanding the meaning of risk.
-The amazing returns associated with real estate investing.
-Asset protection and lawsuits. How they impact each other.
-The three levels of asset protection.
-The importance of protecting your personal name.
-How much protection do LLCs actually provide?
-Asset protection trusts and holding companies.
Books mentioned:
W. Edward Deming's Total Quality Management
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Production by Outlier Audio