Creating Wealth Real Estate Investing with Jason Hartman 1311 FBF: Protecting Assets from Outside Threats with Rich Dad Advisor Garrett Sutton, Part 2
Today's Flash Back Friday comes from Episode 948, originally published in January 2018.
Jason Hartman finishes up his conversation about asset protection with Garrett Sutton. The two delve into the external threats to your portfolios this time, looking at how to properly protect your properties if lawsuits come toward you.
Garrett also explains when you would want to take an LLC over a corporation, what states are best for protecting you, what actions are being taken to weaken LLCs across the nation, and why doing more than the law stipulates can be a very good, very easy thing.
Key Takeaways:
[2:38] Photos from Meet the Masters are up at www.JasonHartman.com/Photos
Garrett Sutton Interview:
[7:31] Two areas where Jason sees real estate creating liabilities for the owner: fair housing and safety
[11:47] The external threat is the biggest threat for your assets
[13:47] Breaking down Slide #6
[17:54] What you need when you domesticate a judgement
[20:02] It's a good idea to have yearly meetings for your LLC even if your state doesn't require it
[22:13] States that have good asset protection for LLCs and corporations
[24:21] Why an LLC over a Corporation
[27:59] Some states are not providing asset protection for single member LLCs
[31:59] Garrett's $100 off deal for Jason's listeners
Website:
Get Garrett Sutton's Slides here