Posted by random on May 09, 2003 at 17:50:07:
Seen these guys. They’re selling asset protection workbooks at about $1200 a pop. Basically they scare the bejabbers out of you with horror stories (well, it’ll really only scare those with a positive net worth–those with no net worth won’t be scared). They are correct in that some attotneys charge $15K or more for the same type of asset protection setup that they sell for $1200, BUT, if you are serious about asset protection, a lawyer-in-a-box is a waste of money. Tell a decent lawyer what you need and he/she should know the basic strategies these clowns have and can customize your deal for $1200 and you’ll KNOW it’s better.
Remember…a FLIP is about the best way to structure a R/E deal for most smaller investors (if you can afford it).