Real Estate Nerds

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

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MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

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KEY TAKEAWAYS

Listen in as Scott Smith leads the discussion among attendees about bookkeeping practices and how they fit into their real estate business operations. Regardless of an individual's situation and the appropriate approach they choose, maintaining and regularly reviewing your books is crucial.

For example, the scope of your investments may dictate the bookkeeping process or processes you follow. A sole-proprietor or married couple investing together may be perfectly suited to self-managing their books. Alternatively, investors who enjoin with partners or have a multitude of properties will prefer a solution accessible from the cloud by their team of professionals.

The conversation continued with a comparison between using a self-managed, partner, or outsourced solution. One concensus followed that remains key. All business owners must regularly review their monthly operational expenses; and profit and loss statements to gain insight about how to focus their energy or make adjustments. Only by understanding your financials will you be able to achieve your financial freedom goals.

Want a refresher or to see what you missed? Watch the replay.

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

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ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

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DISCORD COMMUNITY

https://discord.gg/KKS7rZG5kM

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WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith

https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

What can a real estate investor do when inventory is low and priced too high to be profitable? Consider buying notes instead of property. Notes are the secured debt for an asset. Today's Royal Investing special guest, Paige Panzarello, breaks down her strategy to achieving great success by investing in non-performing, first-position real estate notes.

• A non-performing real estate note is secured by the equity in the property.
• You can purchase these notes for anywhere from .38 to .62 cents on the dollar.
• A 24% increase in foreclosures post-Covid indicates tremendous opportunity in this space.
• When you buy a note, you become the bank. As the bank, you have complete control over your exit strategy.
• Depending on how you choose to resolve the note you could experience an excellent return on investment or create ongoing passive income.

Want a refresher or to see what you missed? Watch the replay.

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

Insurance is your first line of defense against accidents and natural disasters. Things get complicated for real estate investors as more assets are acquired, more policies need to be purchased.

• You might find that your current carrier isn't licensed to sell coverage in different states or for certain assets.
• General and local insurance carriers do not have a solid understanding of the real estate investing business so they may not be able to best advise on the most cost-effective and efficient solutions for you.
• You will find yourself dealing with multiple agents working with different companies. The lack of a holistic solution drives the risk of having inappropriate levels of coverage. You could be paying for more than you need or have gaps.

Learn how Royal Legal Solutions can offer you a single point of contact and the best coverage for all of your liability, life / whole life, and annuities insurance so you can focus your energy on your business goals.

Want a refresher or to see what you missed? Watch the replay.

FREEBIES

Using Real Estate and Debt to Build Wealth (ppt)

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

Founded in 2003 by Brad Cullipher, the Brad Cullipher Mortgage Group powered by Mutual of Omaha Mortgage has been helping clients around the US purchase, refinance and build their dream homes for over a decade. We know when you come to us for a home loan or to refinance your mortgage you’re looking for a partner that can get the job done. We’re honored to have the opportunity to work with you. Here are a few things you can expect from us: 30-day closing, impeccable follow-up, and transparent rates and fees. We're committed to delivering the best value for our clients and we'd love to have the opportunity to help you. In this session of Royal Investing, Brad presents a few of the options available to real estate investors to grow wealth.

Want a refresher or to see what you missed? Watch the replay.

FREEBIES

Using Real Estate and Debt to Build Wealth (ppt)

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

...

Want a refresher or to see what you missed? Watch the replay.

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith

https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

In this episode, Dan McCabe breaks down how using a 1031 exchange can compound your net worth over time. Dan is the Co-Founder, Vice President of Exchange Resource Group who has 40 years of legal expertise as an attorney in real estate and construction law and completed his first 1031 Exchange in 1977. He is a graduate of Southern Oregon University and Willamette University College of Law in Salem, Oregon.

Dan served as legal counsel to a number of real estate professionals and has acted as a principal and real estate agent in many real estate sales and development projects. Additionally, he served as a Municipal Judge for over nine years.

From Dan's perspective, if you aren't using this strategy, you aren't a serious investor. His motto is "maximum flexibility, minimum tax". Learn the techniques used by the most successful real estate investors.

Want a refresher or to see what you missed? Watch the replay.

FREEBIES

1031 Exchange (ppt)

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith

https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

LLCs are one of the most popular ways to hold title to a property, providing real estate investors with a number of benefits, including limitation of liability, credit score protection, and asset protection.

LLCs also give you flexibility in how you will be taxed. While an LLC is a pass-through entity by default, you may opt for different types of LLC taxation.

• Disregarded entity
• General partnership
• Tax treatment as C Corporation
• Tax treatment as s Corporation

In this episode, Scott Royal Smith provides a detailed explanation of how this structure is used for operations and the benefit of setting one up sooner rather than later.

Want a refresher or to see what you missed? Watch the replay.

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith

https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

Listen in as special guest Ron Galloway breaks down the potential in investing in carbon credits as an asset class. Ron joins us with an extensive background in finance and research. Here he outlines why investing in carbon credits is a can't-lose opportunity.

A carbon credit is a bit like a stock certificate in that it represents a certain amount of carbon emissions, for instance, one metric ton of carbon emissions. A company that emits a lot of carbon during its business process can offset its carbon output through the purchase of carbon emissions. If the company emits 30 metric tons of carbon, they buy 30 carbon credits to offset this. This has become so common now that carbon credits are routinely traded in major markets worldwide.

This is a must-watch episode for any serious investor looking to diversify during these times of historically high inflation and low-interest rates.

Want a refresher or to see what you missed? Watch the replay.

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith

https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/

ROYAL LEGAL SOLUTIONS

Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.

MEET THE HOSTS

Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.

Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.

KEY TAKEAWAYS

Today Royal Investing featured a special guest, Mark Swedberg, who joined us to drive a discussion about challenges faced in scaling your business. Real estate investing can quickly become overwhelming for beginners. Even successful veteran investors run into a snafu from time to time. In group mentoring, we aim to share our experiences, learn from each other, and grow together.

Lack of systems and processes: Without clearly defined processes, it's nearly impossible to delegate. As a business owner, you need to be the person to create, develop, and follow the systems necessary to run your operations. A set of checklists may be enough to get you started. Over time you can add detail as you refine your processes. Your system will empower you and bring you peace of mind knowing your business can function without you should the unforeseen arise.

Difficulty delegating duties: Let's face it. Many of us like to be in complete control of our business. But once you have your systems and processes in place, it will become easier to farm out some of the work. Offloading non-income-generating tasks to someone else will allow you to focus on income-generating activities that grow your business. A good rule of thumb is, "If you can pay someone else (hourly) to do it for less than what you earn (hourly), consider hiring."

Low inventory in the housing market: Attendees talked about the difficulty of finding reasonably priced properties. One participant shared a solution. Consider partnering with a local, top-performing realtor for leads. Provide that person an incentive to give you first-choice as deals arise and nurture your relationship with them. (Hat tip, Chris!)

Want a refresher or to see what you missed? Watch the replay.

REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.

Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.

ENGAGE WITH US

Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?

Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0

DISCORD COMMUNITY: https://discord.gg/KKS7rZG5kM

WEBSITE: http://royallegalsolutions.com

LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith

https://www.linkedin.com/in/scott-royal-smith/

FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/