With a mission to protect assets and help people achieve financial freedom through real estate investing, Scott leverages his strong investor background and legal expertise to create a business structure that allows people to overcome the challenges in their real estate journey. As a lawyer and an investor himself, he knew that protecting your investments is as important as making them.

The key to financial freedom through real estate investing:

• Be consistent.
• Think of investing as a long term goal.
• NOW is the most amazing opportunity to get into real estate.

In today’s episode of the Expert(ish) Podcast, our guest, Scott Smith will talk about the challenges most people face when dealing with property investment. Furthermore, he will go into greater detail on the legal aspects of protecting assets and financial security when managing properties across multiple states.

Scott Smith is an attorney and the CEO of Royal Legal Solutions. Knowing the tactics plaintiff’s attorneys employ to win lawsuits, he now uses this knowledge to create business structures that will secure properties.

Royal Legal Solutions is a boutique law firm focused on protecting their clients’ real estate assets throughout the United States and Canada. They analyze their individual situation and put nuanced strategies into place that will not only protect their property to the greatest extent possible but also save them money in taxes and state fees.

Enjoy!

In This Episode

1:13 - Backstory of Scott Smith

4:47 - A common challenge people face in investing

6:14 - His thoughts on investing in today's crazy market

12:13 - His recommendation to beginning investors

14:57 - Type of investor who achieves financial freedom through property investing

16:39 - How to protect an asset and financial well-being

22:59 - Tax simplifications of the series LLC over properties in multiple estates

29:45 - The structure of an LLC in a partnership

30:49 - The role of estate planning for investors

33:15 - How Royal Legal Solutions helps people take action in investing

Favorite Quotes

"Getting into real estate now though is the most amazing opportunity you could do. Because not only are you buying something now that you're guaranteed, your rents are going to increase just by market forces, but also all of your debt repayment on your mortgage is paid with cheaper dollars because you're going to be paying them back with future inflated dollars from the bigger rent. So there's nothing you could do that's a better investment right now because your rents are going to go up and the money that you're using to pay off the asset that you bought is going to be cheaper." - Scott Smith

"If you could pay somebody else to solve the problem for you, it's almost always better to do that." - Scott Smith

"As an investor, you really want to just be making money, as much money as you possibly can. And then have all of the other issues in your life, either done by somebody else or coached on exactly what it is you need to do so you don't make mistakes, you don't have to go back, and you don't have to rebuild anything. It's just done right the first time." - Scott Smith

"If you're on real estate investing and you're looking for financial freedom, first you're going to be thinking long-term. You're buying the asset that you like and then you're going to plan on holding it for seven to 10 years in an ideal scenario." - Scott Smith

"During this time period, it's like the tidal wave of cash coming into the economy is going to force all of this appreciation. You're in a unique time where it's almost like you're going to the casino and you can't lose." - Scott Smith

"The people that we see making it right and actually achieving financial freedom are the ones that are just focused on the boring stuff. They just do it over and over and over again. That's all they're doing and that's not anything amazing. What's amazing is the consistency." - Scott Smith

Engage with Scott Smith

Website: Royal Legal Solutions

Connect with Expert(ish) Podcast Host JAY JOHNSON

Call (858) 925- 4536

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