PTRE – Equity Stripping Excel – If bought both LLC Master Machine & Renaissance Goldmine

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Summary

• Equity Stripping Program (if bought with LLC Master Machine & Renaissance Goldmine)Real Estate Investors: BEWARE of These Two Lethal Destroyers of Your Assets – Veil Piercing And Even Worse…ReverseVeil Piercing!Veil Piercing – When a court ignores the entity and reaches the personal assets of the members.

• A properly structured LLC with proper formalities and documents (using The LLC Master Machine Asset Protection Program, ) can prevent the above from happening.ReverseVeil Piercing(RVP) – Claimants attach the assets (equity) of the entity to satisfy a judgment against the individual member.Many attorneys are now using RVP instead of regular veil piercing because it can be easier, and where there is substantial real estate equity, more profitable for the claimant who could end up owning your prime real estate.

• This, in turn, justifies higher legal fees; so it is also more lucrative for the attorney.

• In fact so certain of winning the action, the attorney may even charge on a contingent basis for even higher fees.Consequently, both the claimant and attorney are going to be much more tenacious, vigorous and ever persistent with the legal action… like freeing hungry lions out of their cage dashing after you.This is SCARY!

• My student, Thomas Vareya from New York, told me about this case – “The real estate investor who was sued by the parents of their son a student who was a tenant of one of the investor’s properties.