Author

Scott Smith

Scott Royal Smith is an asset protection attorney and long-time real estate investor. His law firm, Royal Legal Solutions, helps thousands of real estate investors and entrepreneurs in all 50 states protect more than $1.2 billion in assets. Since 2014, he has published over 1,000 posts and articles on BiggerPockets and has appeared on hundreds of podcasts.

Experience
Scott fell in love with real estate when his commercial property investment allowed him to graduate from Albany Law School debt-free. He immediately began practicing at the trial and appellate court with the district attorney, placing him in the top 1 percent of lawsuit attorneys in the county in terms of professional experiences. He also worked in private practice, suing insurance companies for denying valid claims (which is surprisingly common!).

After his friend lost $3 million in real estate from a single lawsuit, despite having ample insurance, Scott dedicated himself to educating real estate investors on the importance of affordable asset protection, specifically when it comes to folk knowledge and misconceptions that still exist in the investment and legal community. The solutions Scott recommends for his clients are the same ones he originally created for himself and has been refining on his mission to help people protect themselves from frivolous lawsuits.

Follow Scott as he deconstructs the litigation game and shows you how to free your time, protect your assets, and create wealth that lasts for generations.

Press
Scott regularly appears on shows with folks like Grant Cardone, BiggerPockets, Entrepreneurs on Fire, Wheelbarrow Profits, and his own real estate investing podcast. He frequently interviews industry experts on his Facebook and YouTube accounts and has published thousands of posts and articles on BiggerPockets and his blog for real estate investors.

Education
Scott graduated from Albany Law in 2014.

Accreditations
He has passed both the Texas and New York bar exams.

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RoyalLegalSolutions.com

Follow Scott as he deconstructs the litigation game and shows you how to free your time, protect your assets, and create wealth that lasts for generations.

Education
Scott graduated from Albany Law in 2014.

Accreditations
He has passed both the Texas and New York bar exams.

Follow
Facebook
YouTube
LinkedIn
Tax, Legal, & Asset Protection Secrets for Real Estate Investors Exclusive Facebook Group
RoyalLegalSolutions.com

Personal Finance 9 min read

Jul 22, 2021Mar 28, 2023 Scott Smith

What Real Estate Investors Should Know About Estate Planning

An estate plan lays out how a deceased person’s money and other assets will be distributed when they head to the great beyond. Deciding these matters ahead of time is…

BiggerPockets Daily 6 min read

Jun 16, 2021Mar 29, 2023 Scott Smith

Is a Joint Venture Right for You? Here’s What to Know Before Partnering

Joint ventures allow their members to share in both risk and reward. Here's what real estate investors should know before signing an agreement with a potential partner.

Real Estate Business Management 4 min read

Apr 27, 2021Mar 29, 2023 Scott Smith

Holding Company vs. Series LLC: Which Provides the Most Protection?

While an LLC works well for a single business, you’ll find that administration tasks and compliance rules expand with your portfolio. Consider a series LLC or holding company instead. Here's…

Commercial Real Estate Investing 3 min read

Apr 21, 2021Jan 29, 2024 Scott Smith

7 Potential Federal Policies — And How They’ll Affect Investors

The new Biden administration brings a wave of policy shifts that will impact property owners, landlords, and investors. Here are the top seven potential changes real estate investors should know…

BiggerPockets Daily 3 min read

Apr 14, 2021Feb 20, 2024 Scott Smith

Beyond the Pandemic: How Rent Relief Plans Can Boost the Rental Economy

How can landlords balance their financial needs with their tenants' to give both parties a way through challenging circumstances? A rent relief plan may be the answer.

Real Estate Business Management 2 min read

Mar 16, 2021Jan 27, 2024 Scott Smith

Selling Your LLC? Make Sure You Transfer Your Ownership Interest Correctly

If you want to transfer your ownership interest in an LLC, it’s essential that you have your ducks in a row before moving forward. While transferring an LLC can be…

Real Estate Business Management 4 min read

Mar 11, 2021Jan 27, 2024 Scott Smith

One Is the Loneliest Number: Owning a Sole Proprietorship With Your Spouse

Despite the name, a married couple can own a sole proprietorship together—as long as they follow a few rules. Learn more here.

Real Estate Business Management 3 min read

Mar 01, 2021Mar 29, 2023 Scott Smith

What’s the Most Powerful Business Entity for House Flippers?

If you’re thinking of getting into the flipping business, make sure you do your homework before you get started. The way you structure your house-flipping business should be different than…

Real Estate Business Management 4 min read

Feb 22, 2021Jan 27, 2024 Scott Smith

How to Structure an LLC With S Corps Election

Electing to tax your LLC as a S corp can lead to big tax breaks—but there are drawbacks, too. Read on to learn about the pros and cons.

Real Estate Business Management 3 min read

Feb 18, 2021Mar 22, 2023 Scott Smith

Flippers and Airbnb Investors: Here’s How an S Corp Election Can Help You

In this article, see how an S Corp can help you save on or avoid certain tax deductions with your real estate business.

Investing For Beginners 3 min read

Feb 04, 2021Mar 31, 2023 Scott Smith

Finder’s Fees: What Real Estate Investors Need To Know

Understanding finders’ fees and knowing what percentage you are willing to pay are important aspects of becoming a successful real estate investor.

Tax Strategies & Deductions 5 min read

Jan 28, 2021Feb 24, 2024 Scott Smith

Offshore Banking 101: What You Stand To Gain (& What To Watch Out For)

Looking to reap the benefits of an offshore account, including a high-earning account that shields your assets? Learn how here.

Diversifying Your Investments 3 min read

Jan 25, 2021Feb 14, 2024 Scott Smith

How To Choose a Financial Planner Who Gets Real Estate Investing

If you can find one of the financial planners who actually understand real estate strategy, they can give you a substantial advantage.