[00:08] The reason that it's important to be able to use a series. I'll all see it's because you want compartmentalization of the asset. If there's ever a lawsuit against you and you're on the property personally or your LLC and your LLC owns multiple properties, you should be prepared for some filing against all of your properties known as a Liz pendens. What that means is that there's a potential lawsuit regarding that property. This is does something that's called clouding title. It prevents you from being able to sell that property to other people and gives a significant legal advantage to anybody trying to sue you. Think about how much that hurts your business if you're not able to sell a potential flip or being able to liquidate an asset if you're having to wait for potentially years to resolve some litigation. My name is Scott Smith. I'm an asset protection attorney out to Austin, Texas. I'm a real estate investor and I want to help you.
[01:05] Hey, thanks for watching this video. If you want more high quality content just like this, you can find it here on our youtube channel are going to our website, royal legal solutions.com we have a ton of free content from our blogs or videos, the podcasts that I had been featured on. Whatever question you have, we're going to have it therefore you for you.
Scott Royal Smith is an asset protection attorney and long-time real estate investor. He's on a mission to help fellow investors free their time, protect their assets, and create lasting wealth.
Ready to know more than your attorney? Join our community platform where you'll get immediate FREE access to all our best educational resources for real estate investors. Including 8 Masterclasses, group mentoring replays, and much, much more.
Join thousands of real estate investors in all 50 states as they enjoy exclusive content, special promotions, and behind-the-scenes access to me and my guests. No spam, ever. Just great stuff!