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good afternoon guys this Adrian and I'm
coming at you with part 8 of asset
protection and today we're gonna talk
about segregation of assets is good so
here's my intro you guys be informed
that this is a quick one and I'll see
you guys in a minute
good afternoon guys knock again good
afternoon YouTube good afternoon
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afternoon you too
again I'm give you guys a call to action
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give me the your feedback on what I'm
not giving you and all things I will
engage you I will try to bring you the
information that you want to hear so
today we're going to talk about rule
number 8 of asset protection and it's a
quick one segregation of access is good
so essentially once you have started
acquiring homes and rental real estate
we're talking about asset protection so
as we talked about in the last video of
a charging order and how the charging
order puts a lien on the entity and the
person that is the debtor in the entity
his assets are liable to be compensated
and given over to the creditor so what
you want to do is as you start acquiring
homes you want to create multiple
entities okay this is very short and
simple and to the point so if you have
acquired five rental properties it would
be best to start five different entities
and protect each one because what
happens if you don't
and let's say you get one entity that
contains the five properties your other
properties become vulnerable okay so you
need to again the best source of action
would be to if you have five properties
you need to have five different entities
or at least have three different
entities to split up the five properties
that is the best case scenario the best
case scenario again is segregation of
assets is good so if you have five
pieces of rental property the best
course of action is to create five
different entities and put each asset in
its own entity so if you have five
houses you need to get five entities to
cover each asset so that's really it
again you don't want to put all your
eggs in one basket you don't want to
have five houses lumped into one entity
because it exposes your other assets
okay so with that being said they have
what they called a series LLC okay and
what this series LLC attempts to do is
you can have and supposedly you can
create one entity which would supposedly
cover all five houses this has yet to
been proven so my advice to you is to
stay away from promoters or agents or
salespeople who would put you in this
untested entity called series LLC all
right so I'm going to say that one more
time they have what they call a series
LLC and this is untested yet it's not
really been tested by the law yet and
what it is supposed to do
is if you have five houses investment
properties this one entity this series
is supposed to cover all your five
assets your five homes all right
again this is untested it has not really
been researched so again my tip to you
is to stay away from any agent any
salesperson that would put you in this
untested entity call series seven the
best course of action for a person
owning multiple investment housing is to
have an entity for each separate house
so with that being said this is Adrian
coming at you with part eight I'm done
you guys take it easy have a great day
and I'll see you a part 9 take it easy
guys
