Investing In Real Estate

"Scott Smith is an Attorney and an Investor himself owning assets in several States. He is the owner of Royal Legal Solutions firm, which specializes in asset protection, tax and estate planning for individuals and real estate investors. In this episode, Scott explains importance of stand-alone LLCs and Series LLCs and the various nuances of State laws and formation/recognition of these entities. Scott explains how assets are held within Series LLCs using blind Trusts. Scott explains how investors should layer-in operating company LLC than Asset holding LLC's to protect themselves. We discuss best practices of forming LLCs within various States and how various types of members are used to get maximum protection from "piercing the veil of LLC". How one can form LLCs in Texas, Florida, Wyoming and Delaware and get maximum benefits of costs, unique laws within these States. Scott further explains uses of Anonymity Trust, Living Trust, Wills and Medicaid Trust for health care during retirement age. We discuss h