Scott Smith - Crazy Sh*t In Real Estate with Leigh Brown - Episode #168

Are your assets, LLCs, and investment processes a “Royal” mess?
Scott Smith of Royal Legal Solutions, a firm that provides asset
protection for real estate investors, shares why his inspiration
for building his business stemmed from his own need. Listen in to
learn why he uses a series LLC, how he scaled quickly, and what
he created so he could work smarter – not harder.


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Time Stamped Show Notes:


00:50 – Introducing Scott, an asset protection attorney and
long-time real estate investor; he bought his first property in
law school and flipped it to pay for school

02:00 – He had problems getting through his first ten
properties, so he created a system and team that works; now he
helps others do the same

02:30 – He worked in litigation for two years before turning
towards real estate; he learned a lot about asset protection,
insurance, and loopholes

04:45 – Scott’s business

05:00 – He went in on an auto body repair shop with a friend
and there began his journey to entrepreneurship

06:45 – He ran into real estate investing problems when he
got into single family home investing; he started focusing on
pivotal leverage points in investing for simplicity

07:20 – He started using a series LLC and that helped him
scale quickly and without more work; he holds his assets
anonymously and has no extra paperwork

10:00 – How he realized this was the best way to invest in
real estate

10:25 – He has a background in legal and tax, so he knew he
needed to protect himself

10:52 – It’s not hard to do; people don’t know the risks they
take and how easy it can be to streamline operations and keep
everything safe

11:35 – Time freedom is created when you streamline
processes, so you invest time now to have time freedom moving
forward

13:00 – He works in all 50 states but can’t appear in court
for you; his price point ranges by client, but all get a roadmap
during the consultation

15:00 – He has a free LLC program available for a limited
time at RoyalLegalSolutions.com; you can contact him and download
his e-book there, too



3 Key Points


It’s important to keep your assets safe.

By streamlining processes you create time freedom for
yourself.

Work with people who know what they’re doing – especially
when it involves the law.



Credits


Audio Production by Chris Mottram

Show Notes provided by Melissa Valder