The sad truth is most who spend unnecessarily on asset protection have no understanding of what they paid for or understand how the entity structure will actually benefit them which is even more mind boggling.

I personally blame the alarmist asset protection firms, some of which are big on ad spending on social media to get in front of new investors who don't know any better (no fault of their own). 

He mentioned in his post how he spoke with three law firms and none of them agreed with his asset protection approach and was looking for referrals for someone who would agree with his strategy.

If you have none, you should be looking to buy a good asset.

I have a 401k and other assets that could equal a down payment just not my checking account. 

I do have professional videos and a footprint map but I do believe people may still believe those are stolen digital videos.  

I can say that jokingly because I used to live there and owned assets.

This is why we analyze hundreds of deals but typically move forward with further research on fewer than 10.Be Mindful of Leverage: A lot of the risk in real estate comes from borrowing, not the asset itself.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

He found it challenging to get comprehensive info on their historical performance and the underlying assets.