854: How to Protect Your Real Estate Assets with Attorney Scott Smith

November 20, 2019

These days, a single lawsuit can wipe out your entire net worth – if you don’t take the proper precautions. That’s why investors and the agents who work with them need to know how to protect real estate assets from litigation. On today’s podcast, asset protection attorney Scott Smith shares the strategies he employs to safeguard clients’ properties. Listen and learn the advantages and limitations of LLCs, the benefits of transferring property into a land trust, and more. You’ll also hear about the best starting strategy for asset protection and how it could potentially save you from financial ruin.

scott smith

Listen to today’s show and learn:

  • Scott’s brief bio [2:04]
  • Scott’s thoughts on homeowners insurance [3:14]
  • How an LLC can protect your net worth [5:10]
  • How to transfer property into a land trust [7:49]
  • A strategy to protect real estate investors from lawsuits [11:15]
  • The benefits of a series LLC [16:00]
  • How one of Scott’s clients avoided an expensive lawsuit [17:59]
  • The story of a flip that cost an agent his license [26:18]
  • How agents can protect themselves with an LLC [28:25]
  • The best starting strategy for asset protection [32:01]
  • Scott’s donation to the Agent Success Toolbox [34:19]
  • How to break through your goals.
  • Plus so much more.

Scott Smith

Scott Smith is the lead attorney and founder of Royal Legal Solutions, a pioneering asset protection law firm that caters exclusively to real estate investors. While he lives and works in Austin, Texas, Scott serves clients all over North America and abroad.

With over 5 years experience in the litigation, Scott uses his past experience to proactively build defenses that anticipate and prevent future lawsuits. Scott is one of the few attorneys in the nation that structures companies for maximum protection with minimum taxes. As an investor himself, Scott takes pride in attending to the unique needs of his fellow real estate investors.

In addition to asset protection, Scott also assists his clients with estate planning, retirement planning, corporate compliance, entity formation, tax law, and other general practice areas of special concern to real estate investors.

Related Links and Resources:

Thanks for Rocking Out

Thank you for tuning in to Pat Hiban Interviews Real Estate Rockstars, we appreciate you! To get more Rockstar content sent directly to your device as it becomes available, subscribe on iTunes or StitcherReviews on iTunes are extremely helpful and appreciated! We read each and every one of them, please feel free to leave your email so that we can personally reach out and say thanks! Have any questions? Tweet meFacebook me and ask Pat anything. Don’t forget to head on over to Bare Naked Agent for Pat’s answers, and advice. Thank you Rockstar Nation, and keep rockin!

Comments are closed.