When it comes to protecting everything you own, including your real estate business, you need to be educated on asset protection. Most people roll their eyes when it comes to this stuff, but it’s vitally important, especially if you are a wholesaler. Joe and Alex talk with attorney Clint Coons of Anderson Law Group about how to protect yourself from getting into a lawsuit. They also discuss topics such as setting up entities, as well as giving some real world examples. In this episode, you will learn:
What is asset protection
How to set up an entity correctly
When to use land trusts
How to protect yourself as a wholesaler
Asset protection when using your self-directed IRA
