Learn the secrets of asset protection for real estate investors.
Show Notes
Learn the secrets of asset protection for Salt Lake City real estate investors.
This class is Module 9 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- My top 10 asset protection tips for real estate investors that you’d be a fool to ignore.
- The importance of getting bespoke legal advice and why you should never rely on free advice from articles, classes, podcast episodes and forum discussions for your unique situation.
- What happens if someone sues you when you own a rental property... understanding your risks. What if you own more than one property? How does this change when you own the property in an LLC? What happens if the tenant “wins” the lawsuit?
- What’s a common setup that asset protection attorneys might recommend for real estate investors... maybe even recommend for you?
- What might real estate investors utilizing the Nomad™ real estate investing strategy progress through for asset protection... plus the downsides.
- Why language like “sharks don’t get cancer” can be dangerous for real estate investors and the importance of critical thinking.
- Why you should never rely on your adversaries being incompetent as an asset protection strategy.
- What exactly does the “Due on Sale” clause say? You’ll finally read it and understand what it says because I’ll read it to you and discuss it.
- Why “I’ll just transfer it back” is not a viable strategy if a lender enforces the due on sale clause... I’ll read you the section where this applies too.
- An introduction to the risk matrix... which you’ll learn more about in the risk module.
- A clever way to use insurance premiums as a proxy for measuring how risky something is.
- Evaluating the cost and value you get from auto insurance, property insurance and umbrella insurance for asset protection with actual insurance numbers.
- Just how risky doing your own work as a handyman/contractor on your rental properties is... with numbers to back it up.
- Why it is important to realize that you don’t know what you don’t know to properly deal with asset protection for real estate investments.
- How property equity relates to how much asset protection you need... and what may be a controversial conclusion.
- The importance of not doing stupid stuff.
- Plus much more...
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What is Salt Lake City Real Estate Investing & Real Estate Financial Planning™ Podcast?
Learn all about investing in real estate in Salt Lake City, Utah with a combination of real estate financial planning and modeling with numbers specific to Salt Lake City plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Salt Lake City).