Every single entity had its own operating agreement, which is very, very important. Hello and welcome. My name is Gino Barbaro, one of the co-founders of Jake in Gino.

And in this how-to lesson, I'm going to be discussing how you can protect your multifamily assets.

Now, full disclaimer, I'm not an attorney.

Seek legal advice.

What I want to share with you is my journey from owning one LLC to owning over 40 LLCs and the journey that I took.

So wherever you are, whether you're starting on your journey,

buying your first deal or you're investing in your 30th or 40th deal, I think you can pick out

certain lessons that I've learned along the way. And I think to me the biggest lesson is seek

competent legal advice. Number one. And number two, it's never too late to start. And number three,

asset protection is different than estate planning. Know the difference between a trust and an LLC.

It's just, it's really important because when I started out early on, as most of you,

listening to this, you're not focused on protecting your assets. You're focused on building

the castle. That's what you're focused on, as I think you should be. But those of us who are a

lot smarter, not myself, because I wasn't a smart one,

those who are smarter are thinking about the moat around that castle, the castle or your

assets, the cash, the businesses, the buildings, the real estate. Well, as you start expanding, you need to have a moat around that castle.

And that's what insurance is.

And from that, also, you can create entities.

Now, it's really interesting when you go online and you listen to people on TikTok on these these minute short videos and they're trying to tell you this structure is better than that structure,

I'm going to be completely honest with you. I don't have the answers for your unique situation.

What you need to do is you need to stop for a second, wherever you are in your journey,

look back, see if you've protected what

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