If you’re a real estate investor, it’s time to ask yourself an important question: are you protected?
Before I began specializing in asset protection I would play for the other side. Meaning, I would sue people. Take it from me, it’s easy for an attorney to sue you if you don’t have a proper asset protection strategy in place. There are many ways to protect yourself, such as with a Series LLC, or a self directed IRA LLC.
Insurance Won’t Always Protect You From Claims on Your Property
An insurance claim usually results from a “slip and fall” on a property or something else you would normally characterize as an accident. Typically this is what your insurance is willing to cover. But your insurance doesn’t cover you from any intentional acts that might occur.
What’s considered an intentional act? Well, that’s depends what you consider to be intentional.
And that’s where the law comes in!
How Insurance Failed One of My Clients.
A client of mine flipped a house and renovated it by replacing some of the plumbing underneath the house. However, my client told the buyer that all of the plumbing had been replaced underneath the house. But unfortunately she told the buyer in one email that all of the plumbing had been replaced.
As a result, my client was hit with a lawsuit alleging intentional fraud, an incident that insurance doesn’t cover. Yet even after this simple misunderstanding, my client walked away from that lawsuit without paying a dime. This was all because she had a proper asset protection strategy in place.
At Royal Legal Solutions , we help real estate investors maximize their asset protection.
My name is Scott Smith. In addition to being an attorney, I’m a real estate investor myself. I created this company to help investors like you protect your assets. Don’t wait until you get sued. Be proactive. Call Royal Legal Solutions now at 512-757-3994 to schedule your asset protection consultation today.