Is there an invisible target on your back?
There is an entire industry made up of “professional takers.” Lawyers who build a practice on getting a cut of the settlements they win for ridiculous reasons. In many cases, these lawyers win without even going to court, as their “victims” just settle because they know in the long run, defending themselves (even against insanely stupid claims) will cost them more than just paying up.
You may have a target on your back now, or in the future and not even know it! It doesn’t have to be this way. In fact, you can set yourself up so a lawyer will take one look at you and realize they don’t have an ice cube’s chance in Arizona of getting your money or property.
Unfortunately, most people don’t do anything at all and they’re walking around with big, fat, bullseyes on their backs!
Here’s a few examples of the stupid stuff people sue over:
• Man sues NASA for not investigating alien life.
• A fitness club member sues for getting injured after stepping on a moving treadmill.
• Homeowners sue claiming their views are ruined by the dunes that saved their home from Superstorm Sandy.
• After eviction for nonpayment, a tenant sued in small claims court for her deposit back plus damages because she had rats in her apartment…but she also had months’ worth of garbage that was never taken out and slept with the back door open so the dog could come in and out. Real estate investors are leading targets to those who want something for nothing. But there is an easy way to protect yourself and your family from these “criminals.”
Well, that is the topic of this Tuesday’s LIVE STREAM with Lou Brown. Lou has been an investor and mentor for over 40 years. Thousands and thousands of people have come to Lou to learn his unique approach to real estate investing.
Tune in and participate in this LIVE discussion as Lou shares the powerful secrets of how to PROPERLY protect your asset. He might even reveal what Kamala Harris and Bill Gates Have in common and how that matters to you.
There will also be an exciting FREE give-away of Lou’s book, “TRUSTS Create Privacy, Avoid Probate, Protect Everything” which outlines the unique approach used by Lou and his devotee investors!
Timestamps:
0:01 – Introduction – The Four P’s of Trusts
0:49 – News of the week: The Moratorium is Extended until July 31st
1:30 – Wins of the Week
1:55 – 3 new members become silver members of Path To Home Ownership
3:42 – 2 new CAHP members
4:02 – $16K raised for Nepa Cure Foundation
6:28 – The Four P’s of Trusts
7:54 – “Privacy”
8:55 – Free Book about Trusts: https://www.maximumassetshield.com/book
10:14 – “Probate Avoidance”
12:18 – “Protection”
13:12 – “Profits”
13:42 – One-day event for $1 on July 10th – https://www.WealthBuilderWorkshop.Online
18:25 – Street Smart Tuesdays at 5 pm ET – Tell us the things you want us to talk about!
23:09 – Today’s Tip: Use trusts, the most powerful entity for real estate!
24:11 – July 4th – US Independence Day
If you are JUST getting started in real estate investing, you NEED to attend my ONE-DAY virtual training. I teach it LIVE over ZOOM, and it’s only $1 (yes, one dollar) for SIX HOURS of solid how-to training! https://www.wealthbuilderworkshop.online
If you’re ready for a more in-depth experience, then you owe it to yourself to investigate my THREE- DAY Millionaire Jumpstart Event. I host it four times a year in various locations, and you can attend LIVE and in person. I’m your coach all three days. Find out more at https://millionairejumpstart.com/
Need help deciding which power-packed “one-of-a-kind” training on making money in real estate investing is best for you!
Call 1-800-578-8580 or visit us online at https://www.streetsmartinvestor.com
Visit our YouTube Channel: https://www.youtube.com/user/StreetSmartInvestor
Listen to our Podcast:
https://streetsmart.mypodcastworld.com/11183/cover-your-assets-street-smart-investor
Cover Your Assets! | Street Smart Investor
Lou Brown
I’m going to teach you about trusts. Trusts. Something you might’ve heard of, something that you might actually be using, but something that you need to know a lot more. So I’m going to share with you some things about trusts and wanted to let you know that the news of the week, if you haven’t heard already, they have yet again, the Centers for Disease Control has extended the moratorium yet again to July the 31st. So that’s another situation that we have to navigate. Now, fortunately, we have provided a solution for you. If you have any clients that have not paid their rent or folks that are part of your rentals and things like that, if they have not paid their rent, there are solutions for that. And we provided that to you at LandlordReliefpkg.com. Now, we today also wanted to talk about wins for the week.
So, Wins of the Week. I hope you’ve had some wins over this past week, and I’m just very excited that over the last few days, we have welcomed three new members to our Path To Home Ownership. Now they’re not just members, they’re members that have gone on to move into properties. So three different folks have stepped up at the silver level. They are now silver members of our Path To Home Ownership. And these pictures that Scott is showing you are people who cause that to happen in their world, in their local markets. They were with me over this past weekend. In fact, we had a four-day event called Massive Passive Income, and we had some folks there. It was very exciting that they support the movement that we are making across America with the help of all of our licensees to cause home ownership to people that otherwise would not have an opportunity at home ownership.
We’re so excited to provide that. That is our mission. Our mission is to transform lives through affordable housing, to empower families and individuals, to enjoy the American dream of home ownership and what a great mission it is. And those folks that Scott was just showing you have adopted that. They have agreed to do that in their local markets and elsewhere, as well. So we’re very excited that those folks are involved with us and many others, as well as you saw that picture of people behind them. All of those are folks that are licensees all across America that have adopted that mission and they’re offering it in their markets as well. So congratulations to all of you who have joined. We had two new folks join us as Certified Affordable Housing Providers. And that means that they are going to be offering the Path To Home Ownership in their markets, as well.
So some good stuff there. I’m looking at my notes over here. Let’s see, we’ve got money raised. We did an auction at the event. They auctioned me off. Fortunately, we had an auction near the event. Steven from Houston, Texas, he was awesome. He auctioned me off and it was both to the folks that were in the room, as well as online. And we just said, “Hey, you can have your way with Lou one night during the event.” So sure enough, Terry Allen won with the highest bid. In fact, the Shrivers even matched his bid and paid it forward and put it towards his bid, as well. So that really made it phenomenal. In fact, not only during the event, but since the event, we have raised $16,000 for the NephCure Foundation and their spokesperson in our world, anyway. Kimberly Queen, this is Helga Queen’s daughter.
Those of you who know, Helga has been with me for over two decades, helping art licensees in their businesses, helping trust properties to offer its mission of home ownership. And it’s definitely been wonderful to work with her all this time. And, unfortunately, her daughter contracted a disease, a very rare blood disease and kidney attack disease that has devastated her for many years. And it’s called FSGS. And so with NephCure Foundation, we created an opportunity for everyone to participate and to help eradicate this crazy disease that they have not found a solution for yet. We are hoping that these dollars will go and be leveraged to help, to eliminate this horrible disease that she has suffered with for so many years. And so excited that we were able to make that effort. And thank you, everyone, who made your donations, you are making a difference here in the world, for sure.
And in the Street Smart family, we always love having people as members of our family. And so, thank you for being a part of that and causing that to happen. I wanted to talk today about the four Ps of trusts. Now trust is like one of those things for some people that’s over there somewhere instead of over here. And I just want to bring it over here, meaning in your world, into your world. So if you haven’t examined trust, if you haven’t investigated trust, if you haven’t studied trust, it’s in my opinion, one of the most powerful entities on the planet. In fact, it is a predecessor of other entities, such as LLCs, corporations, and limited partnerships. And it exists today. And many of the world’s families, not just the United States of America, use trusts. And it’s because they have discovered, they have investigated, and they have aligned with the benefits of trust.
I’ve identified over 30 benefits that you can get with trusts that you cannot get with any other entity, not a corporation, not an LLC, not a limited partnership. Only trusts can provide these. And so I thought it’d be great if I could give you some information about that. So the four Ps. Privacy. Well, one of the great things in life is that everybody doesn’t know what you own. And in fact, in our legal society that we have here in the States, it can actually be negative for people to discover what you own because they might want to get what you own. And when you use the benefits of trusts, one of the by-products, and one of the benefits is simple ownership of the trust of the asset. You might be a beneficiary of that. Your family might be a beneficiary of that. Another entity might be a beneficiary of that.
There’s many different things that can happen. Let’s say below the waterline, in terms of who the beneficiary can be. But one of the great things is that the world doesn’t have to know, only you and your trustee knows that. Now there’s a lot more to that story. I’m going to give you an opportunity to learn more. In fact, we’re going to give you a free book. I’m going to give you a free book while we’re together today. This is “Trusts. Create Privacy, Avoid Probate, Protect Everything.” It’s by me, and listen. There are so many good things. In fact, I put it into a booklet. It’s not a full treatise on trust, but at least if you’re investigating trust, if you’re interested in trust, it will give you some more insight into trust and what they do and how they operate. And one of the great things I’ve put in here is some of the benefits of trust.
In fact, let me find that page. I was going to tell you how many benefits have been put into this booklet, as well. You can go to MaximumAssetShield.com/book for your own copy, and it’s free of charge. You don’t have to buy anything. So there’s benefits of trust. I’ve got a whole bunch of them here that I outlined while I was putting together this booklet. So get your own copy of that and advance yourself in your knowledge. Now, the second P that I want to talk about is Probate avoidance. Now, an LLC, a corporation, and a limited partnership will not avoid probate. Holding property in your own name will not avoid probate. So what happens is now your family has to deal with, and hopefully their intention would be to be your spokesperson, so to speak after your death.
But why in the world would you burden your family with that? Instead, why not do it in advance? When you place a property into trust, you’re literally saying in the trust who gets it. So you can be the primary beneficiary of the trust, and you can have a successor beneficiary or successor beneficiaries of that trust. Meaning, the asset that’s in that trust now can flow to the people or person that you want to receive that, or even another entity or a charity or whomever you want to receive that can be named in that trust as the beneficiary. Now here’s what’s cool about that. No need for attorneys, no need for delay, no need for expense. There are so many wonderful things that can happen when you take advantage of trust. I really encourage you to deep dive into the conversation because it’s something very powerful.
And in fact, I’ve got an event coming up. It’s a one-day, it’s only for $1, and I’m going to get a deep dive into trusts and spend a couple of hours going deeper into what you need to know and how you need to know it because I’m just doing this whole one day for $1. And I want to give you all, not only those four Ps, but all those benefits of trust, to break it down for you, give you some real solid information that is actionable on your part. Now, I’ve talked about Privacy. I’ve talked about Probate avoidance. I want to talk about Protection. Don’t you think you’re going to be better off if you do not have your assets in your own name? In this country, it only costs a couple of hundred dollars for somebody to file a lawsuit. Now they can tie you up.
They can tie you up for a very long period of time, and that can be assisted. You can have protections because you can have each property in its own trust, and you can have various different beneficiaries of those trusts. Lot of great things can happen when you take advantage of trusting them. Definitely, it gives you a great deal of protection. In my opinion, don’t have anything in your name. Don’t have anything in your name because you’re the one they’re coming after. And if they don’t have access to those assets, that’s a good day. And finally, Profits, that you can take advantage of some of the benefits of trusts. And in fact, it’s built into some of the laws that could even give you the opportunity. And in fact, it does give you the opportunity to transfer your own property into trust and not have the lender call the loan due.
So they don’t consider it to be due upon sale when you transfer your property to your own trust.
We have an amazing opportunity coming, y’all, with this next market and I want you to be on board. Listen, I have been in this game now, I’m going into my fifth real estate cycle. Having invested now for over 40 years, I can tell you there’s some things I’ve learned and definitely now I’m getting the hair rising on the back of my neck. That is what I look for. That is what I get. When people tell me, “Hey, take a look at the market.” And I’m getting that feeling now, that it’s about to change. And when it shifts, they don’t give you a big warning. It just happens overnight. So all this multiple offers stuff going on and all of these loans getting approved and all that. Now, imagine that it could happen where ding, it just is eliminated, a hundred percent, and the market comes to a screeching halt.
Now, if you’ve been around for a while, you’ve seen this happen, and guess what? It’s going to happen again. And that is going to coincide with the moratorium being lifted and a whole bunch of properties going on the market, a whole bunch of foreclosures happening at the same time, a whole bunch of people being evicted at the same time, a bunch of landlords wanting to get out of the business and putting their properties on the market at the same time. So I see a huge opportunity coming up and it’s definitely something you want to be prepared for.
So, usually we have a drawing for a prize, but today everybody wins. Everybody wins because we are giving you that gift in advance of the one-day event. And this is your “Trusts” download. And it will be this book in download form. So you can go through it and learn a great deal. In fact, when I wrote my book, “Buy, Hold, Sell,” I actually kept this chapter out because it was so important that I give this as part of that book, but I also separated it out so that everybody could get the benefit of this because it’s one of the most powerful things you’ll ever do for yourself and your family and your future, and to help them at the time that you’re not here anymore. So I want you to be aware that there are many, many reasons to do trusts.
And even if you only have a small estate with a few things, you still can use trusts. They’re not expensive at all to start and to operate. There’s different kinds of trusts. I want to teach you about the different kinds of trusts, what they do, but this is going to be a powerful thing that I think is gonna be a game-changer for you.
One more thing is questions. You might have some questions and definitely this is an opportunity for you to ask any questions of me right now. I remember I’ve been in this business over 40 years, buying, holding, and selling property. I’ve done scads, hundreds of renovations, where we take, literally, stud walls and build it. We built properties. We’ve done manufactured housing. We’ve done mobile homes. We’ve done land that we divided into lots and sold off the lots. We’ve built on lot. We’ve created subdivisions. We’ve done hotels, motel. We’ve done apartment buildings, lots of apartment buildings. We’ve done section eight.
There’s just many different things that we’ve done in this business. So when you’re asking Lou a question, just know that there’s some experience behind the answers that I’m giving you. And you’re welcome to take advantage of that while we’re together and definitely follow up. Anytime you want to, you can call our 1-800 number and, hey, remember that I got a freebie for you with the MaximumAssetShield.com/book where you can download that book. And we’ve got the event coming up, WealthBuilderWorkshop.online. So lots of stuff for you to be able to do, to advance your life and your career and your opportunities. I was so excited at this event that just ended on Sunday. We, I looked around the room and I was so proud to see so many, not only millionaires, but multi-millionaires who have come to our events year after year after year, and have built, built, built their businesses, been able to help a lot of people in their local communities to end up with home ownership.
And they are multi-millionaires, not just millionaires, but multi-millionaires as a result of that and have great businesses that they can pass down from generation to generation, and definitely impact their local communities. So if that attracts you, we would definitely love to talk with you about that. We’d be glad to set up a private meeting and have a chat about that because that’s something that I think would empower you. If you are interested in real estate, or you already have an up-and-running real estate business, it’s definitely something that can benefit you.
Today’s Tip is if you’ll listen to me about trusts, you will use them. My tip is to use them. Use trusts because it’s the most powerful entity on the planet. And I understand, if you’re not aware of that, I understand if you’re a believer in other entities. And I would only suggest that it’s because you’re not aware yet of the power and benefits of trusts. I encourage you to learn that. And then once you learn to implement that, and once you implement that to use that, because it’s one of the most powerful things that can help you and your family.
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