cover of episode 109: You Will Get Sued. Here’s How To Survive with Attorney Scott Smith

109: You Will Get Sued. Here’s How To Survive with Attorney Scott Smith

Publish Date: 2015/2/12
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create.</p><p>Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team, LLCs, trust funds and more. Don’t miss out on this information-packed episode!</p><p>In This Episode We Cover:</p><ul>
  • Forming an LLC right off the bat
  • The ins and outs of Insurance vs. Assets
  • Ten things you need to know to protect your assets
  • What exactly an Umbrella Policy is and why it might not do what you think it will
  • Why you shouldn’t put all your properties under one name
  • What you should know about the Delaware Statutory Trust
  • Scott’s advanced strategies for real estate investors
  • Everything you need to know about LLCs vs. Trust Funds
  • Who you need as part of your team when investing
  • And SO much more.
  • Links from the Show:

    Books Mentioned in this Show

    Tweetable Topics:

    • “Rich people don’t own things, rich people control things.” Share on Twitter
    • “You don’t really have any friends once you start getting sued.” Share on Twitter

    Connect with Scott

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