Robert Leonard talks with Brian T. Bradley about what asset protection is and why it matters, when a new real estate investor should start considering asset protection, whether new real estate investors need an LLC or not to start investing, how to setup an LLC, the most common and dangerous misconceptions around LLCs, and much, much more! Brian T. Bradley is the Senior Managing Partner at Bradley Legal Corp, Of Counsel Attorney at Lodmell & Lodmell, an Advisory Board Member and Lead Attorney of the Asset Protection Counsel, and Certified Instructor at the National Academy of Continuing Legal Education. Brian is a leading Educator and nationally recognized Asset Protection Attorney for High-Risk Professionals, Entrepreneurs, Real Estate Investors and Ultra High Net Worth Families. Brian’s goal is to give you "peace of mind" knowing your assets are safe. Brian was selected to the Best Attorneys of America List 2020, Lawyers of Distinction List three years in a row 2018 through 2020, Super Lawyers Rising Star List 2021 and 2015, nominated to America’s Top 100 High Stake Litigators List and the Top 100 in Real Estate. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:03:38 - When to consider asset protection 0:05:38 - LLCs and whether or not you need one to invest 0:13:26 - Common and dangerous misconceptions around LLCs 0:22:50 - Anonymous LLC 0:26:35 - How to properly setup and structure LLCs 0:31:36 - How much does it cost to start an LLC? 0:35:03 - How LLCs and asset protection work for house hacks 0:40:16 - Limited Partnership (LP) 0:55:53 - Asset Protection Trust (APT) 📌 Get your first 3 months of investment management with Titan for zero fees! https://www.titan.com/TIP ✔️ Subscribe to the Real Estate 101 show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/truth-about-llcs 📖 BOOKS MENTIONED: - The Millionaire Real Estate Investor by Gary Keller: https://amzn.to/2q7X3nS Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: Asset Protection in Real Estate w/ Scott Smith (REI035): https://youtu.be/LeeTBO0BvU0 💡 OTHER RESOURCES - Key Concepts of Asset Protection: https://www.lodmell.com/key-concept-1-separate-ownership-from-beneficial-use-and-control - Asset Protection Overview Presentation: https://vimeo.com/646997050/9f5a490f35 - Brian’s website: http://www.btblegal.com/ - Check out our Real Estate Investing Starter Packs: https://www.theinvestorspodcast.com/real-estate-investing-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.