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cover of episode The Rookie Guide to Asset Protection: LLCs, Insurance, Partnerships, & Trusts

The Rookie Guide to Asset Protection: LLCs, Insurance, Partnerships, & Trusts

2025/5/14
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Real Estate Rookie
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Bonnie Galam
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Bonnie Galam: 我认为资产保护不仅仅是保护资产本身，更重要的是保护我们的时间和收入。作为房地产投资者，我们投入时间和精力，如果这些努力所产生的收入没有得到保护，那么我们的努力就可能白费。因此，我将资产保护分为两个方面：主动型和被动型。被动型保护通常是指有限责任公司（LLC）和保险等，这些措施在出现问题时提供保护，但平时只是在后台运行。而主动型保护则包括采取积极措施来保护我们的底线，维护与合作伙伴、租户等的关系。在我作为投资者的经验中，我发现主动的法律措施能带来最大的回报。例如，确保所有协议和沟通都有书面记录，投资于高质量的租赁协议，以及在建立合作关系时明确每个人的责任和义务。这些措施不仅能降低风险，还能提高运营效率和盈利能力。

Deep Dive

Chapters
This chapter defines asset protection, highlighting its proactive and reactive aspects. It emphasizes the importance of early planning, even before the first deal, to avoid future legal complications and maximize the benefits of real estate investment.
  • Asset protection is about protecting people, their time, and income, not just assets.
  • It involves proactive steps and reactive measures.
  • Starting early simplifies the process and avoids potential transfer taxes.
  • Risks remain the same regardless of the number of deals.

Shownotes Transcript

Do you *really *need an LLC for rentals)? What about a trust? What kind of **insurance **should you get? With so many questions (and confusion) surrounding asset protection) for real estate investors, we’ve brought on an expert to set the record straight so you can protect your assets—without going overboard or breaking the bank!

Welcome back to the Real Estate Rookie** podcast**! Today, we’re chatting with real estate attorney) and fellow investor Bonnie Galam about the nuances of asset protection. The truth is that there are *two *sides to this coin, but most investors only focus on the defensive or “reactive” side. Bonnie will show you the keys to 360-degree protection—like **setting up strong legal structures) before problems arise and the essential documentation you should have from day one.

You’ll also learn about the potential pitfalls of equity partnerships, how personal events can put your properties at risk, and why car insurance and prenups matter more for your portfolio than you might think. Asset protection doesn’t have to be complicated, but it does need to be strategic, and this episode will help you prioritize what’s important now, what can wait, and how to create a legal framework that evolves as your real estate portfolio) grows!

In This Episode We Cover

Two sides of asset protection to focus on when starting a real estate business

Three actionable steps new investors can take to **protect their assets **today

Why you need to **create an **estate plan) (even if you don’t have **rentals **yet!)

How much you should expect to pay for different types of legal protection

Debt versus equity partnerships (and why one is better for asset protection)

Revocable and irrevocable trusts explained (and which one you need)

And **So **Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠) and ⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-561)

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠). 

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