116: COVID-19: Making Asset Protection Great Again

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Everything s fine everything s right until something goes wrong Are your assets well protected Is everything set up and structured properly The first line of defense is always insurance Today I m talking to Mauricio Rauld a real estate syndication attorney Two common themes due to the COVID-19 crisis are people wanting to put together opportunity funds to acquire new assets and then protect them Topics on Today s Episode Asset Protection Protecting you from your assets and your assets from you Real Estate Assets Property owner is legally responsible for protecting others Limited Liability Company LLC Property owner is no longer you but an entity Does it matter where LLC is registered Local law applies not LLC s location How do you protect your assets from you Charging Order Protection Digital Privacy Don t put a target on your back when it comes to assets Separation is Key S Corp LLC and SEC issues with fees Lenders and Loans No secure lending in foreseeable future negotiate Links and Resources Mentioned Mauricio Rauld s Email Premier Law Group Mauricio Rauld on YouTube Freddie Mac Robert Kiyosaki Kahuna Boardroom Early Bird Special is 5 000 Kahuna Investments Deal Room Mastermind Group Copy Your Way to Success Quick Start Workshop Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes What most people forget is they themselves are these huge liability producing entities people Mauricio Rauld What happens if you get sued Forget about the assets but you get sued and now somebody has a judgment against you and wants to go after your asset Mauricio Rauld The goal of asset protection is to build that barrier between you the individual and you your asset Mauricio Rauld The key is to separate your liability producing activities your operating companies from your asset companies your holding companies Mauricio Rauld Don t forget to download my Free Workshop Quick Start Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode