15: Rich Dad Advisor Garrett Sutton | Protect Your Assets

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 23 January 2015

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#15: Rich Dad Advisor Garrett Sutton provides knowledge with how to incorporate and protect your business and real estate interests.

Listen to this week’s show and learn:

06:33 Garrett tells us that one of the better US states for protecting one’s assets has now become more vulnerable to outside attacks.

06:59 More states’ courts are ruling against protection for single-member LLCs.

08:57 Garrett explains the importance and meaning of protecting your “corporate veil”.

11:56 How to protect oneself with a four-plex and FHA 3.5% down payment.

14:15 How to change an existing property from individual ownership to an LLC. What’s special about Wyoming LLCs and how you can use one.

17:42 Who is liable in a slip-and-fall case – the property owner or the property manager?

18:18 Umbrella Insurance.

20:34 Can one “overdo it” with too much asset protection?

22:53 Garrett’s real estate investing preferences.

25:16 What Garrett would tell a 27-year-old investing enthusiast today.

27:50 Tell Corporate Direct / Sutton Law you learned about them through Get Rich Education. You can speak with Garrett directly about your asset protection needs at 30 minutes for $175.

Resources mentioned:

www.SutLaw.com

www.CorporateDirect.com or 1-800-600-1760

www.Reefogc.com

www.AmericanBaseballFoundation.com

Books: Loopholes Of Real Estate, Start Your Own Corporation.

Transcript

Click on a timestamp to play from that location

0:00.0	Get Rich Education is brought to you by Refoil and Gas Companies, Partners in American Energy Production for World Consumption.
0:12.0	Welcome to Get Rich Education with Keith Winehole, giving you information and ideas on the investment that
0:22.9	has turned more ordinary people into millionaires and billionaires than anything else,
0:29.1	and can provide you with more wealth and happiness than you ever thought possible.
0:33.8	Now here's your host, investor, entrepreneur, business owner, and educator, Keith Weinhold.
0:44.9	Hey, welcome to Get Rich Education Show 15. I am your host, Keith Weinhold. I've been grateful for your listener, Mail. You've told me that one of your greatest pain points is getting money for the deal.
0:59.0	So I listened.
1:00.0	I've got the guest, not on this episode, but the next episode that can tell you about all the
1:07.0	angel investor money, venture capital, and crowdfunding sources for how to get money for your
1:13.5	business startup or your next real estate deal. If you don't have a lot of money for a deal,
1:19.9	I've also told you about how you can buy income real estate by pooling other people's money
1:25.9	together to fund the deal through real estate syndication.
1:29.9	And I told you about the seminar that tells you how to do this in Las Vegas, February 6th, and
1:35.6	7th. I will be attending that, so I hope to meet you there. But prior to you doing more big deals
1:42.6	and getting the money so that you can create more money for yourself,
1:47.4	it's important to discuss protecting what you have or protecting what you will buy.
1:54.2	And today we have our first appearance of an elite Robert Kiyosaki Rich Dad Advisor to tell you about doing just that.
2:02.4	When we come back, Garrett Sutton is going to tell you about the right asset protection
2:06.4	and corporate structure around what you now own or plan to own in the future right here
2:11.8	on Get Rich Education.
2:23.5	Are you looking for an investment with the potential to offer monthly cash flow and tax advantages?
2:28.1	While prices fall at the pump, now could be the time to invest in oil and gas.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Keith Weinhold, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Keith Weinhold and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.