Posts

Attention Real Estate Investors: The Biggest Mistake You’re Probably Making That WILL Cost You EVERYTHING!!!

/0 Comments/in , /by

 

 

 

 

 

 

Attention Real Estate Investors: The Biggest Mistake You’rE Probably Making That WILL Cost You EVERYTHING…

Just south of ‘Sawmill Creek…..
Hi Attorney Kevin Pritchett here
No Estate Plan
  The number one mistake I
see ALMOST EVERY SINGLE
REAL ESTATE INVESTOR MAKE…
Owing real estate and NOT integrating
your real estate into a properly constructed
Estate Plan…
Here’s the typical scenario
==You own 3-5-10 or more properties
==Properties may even be owned in
    your own name (BIG MISTAKE 1 right there..)
== If you even have your properties in an
     entity,you have the wrong type of entity
    (different entities are required for
    different types of investing….)(BIG MISTAKE 2)
==None of your properties are integrated
    into a properly formatted Estate Plan
    so that when you die, your estate is
    required to open a Probate Legal Case
   ($30,000+ to resolve…) to distribute the
    assets….assets get split up, taxed away…
EVERYTHING YOU WORKED FOR IS LOST…
The Simple Solution
  The tragedy of the scenario above (that
I see and have to fix all too often ) is
to
Step 1   Have ALL real estate in proper entities
Step 2:  Have a PROPERLY designed
             Estate Plan.
Step 3:  Designate a successor for
              your real estate assets.
Step 4   Integrate real estate entities
             and Estate Plan
              such that upon your
             death or disability the person of
             your choosing seamlessly takes
             over the operation and ownership
            of your properties with NO INTERRUPTION
            AND ABSOLUTELY NO TAX CONSEQUENCE
Your Real Estate Assets Are Not Properly Structured
  I would bet all MY assets that if you’re a real estate
investor…..
     YOU DON’T HAVE YOUR REAL ESTATE PROPERLY
       SITUATION AS DESCRIBED ABOVE!!!!

Reach Out To Me If You Have Questions.

   If you have comments or questions about
any of this…you only get ONE shot at this
and there’s a TON of stuff you need to know
to get it right!!!
  OR
\
…send me an email :ironkop@gmailcom
or if reading on my blog or Facebook page
leave your questions or comments below.

Remember…..

“Things Don’t Get Better With Neglect…..”
Kevin Pritchett, Esq
Law Office of Kevin Pritchett, Inc.
312-505-1957
ironkop@gmail.com

Attention Real Estate Investors…You Should Be Ashamed Of Yourself…

/0 Comments/in , , , , , , , , , , /by

 

Shame On You If You Don’t Take Care Of This RIGHT NOW!!

Hi Kevin Pritchett here

  You Should Be Ashamed of Yourself: 
  All That Damn Real Estate Debt And…..
                   1. NO MORTGAGE PROTECTION PLAN ;
  2. NO ASSET PROTECTION PLAN
  3. No REAL ESTATE SUCCESSION PLAN

OK Kevin…”What Is Mortgage Protection, Asset Protection and Real Estate Succession?”
Glad you asked!!
Mortgage Protection is a plan using life insurance that:


===assures your MORTGAGE PAYMENTS ARE MADE        in the event of you unemployment, disability or 
death,


==protects your family’s ability to STAY IN THE
  HOME,   school district and in general keep from
disrupting  your family’s lifestyle in the event of your
disability or death.


==if you get to the end of your mortgage and don’t use
the plan you receive RETURN OF 100% of ALL
  PAYMENTS MADE      made on your  base plan


==easy qualification…NO MEDICAL EXAMS,
INSTANT APPROVALS 

Asset Protection:

==owing real estate in separate entities (NOT in your individual name) so that if you suffer a loss, everything you own is not at risk

Succession Planning:

==when you did AND YOU WILL YOU KNOW…making sure your hard assets..especially real estate go easily and smoothly and privately to your designated heirs and do DO NOT have to divided by a judge in PROBATE COURT.

 
Real Estate Investors Are Especially Vulnerable Mortgage protection, Asset Protection and Succession Planning are ESPECIALLY vital if you own multiple pieces of investment real estate.
Most of you are walking a tightrope to keep all those mortgages together yourself….


Just think of the horror show you’d inflict on your family if you DIE (and you will you know!!!) and all those mortgages and real estate and tenants become your spouse’s responsibility!!!!

So Very Sad…And So Unnecessary  

Just spoke with a client who contacted me for a consultation who recently lost her home to foreclosure because her husband lost his job and they fell behind in payments.
    With a mortgage protection plan he could have used some of the built up cash value to pay bills and stay afloat.
 The irony is, her husband is now back at work and has more than enough income but its now TOO LATE 

  Had another client come to me to fix a situation where his mother gave a house to he and his sister but didn’t title it right and they were fighting in Probate Court…talk about a ‘big ass’ check you have to write to me to fix THAT MESS!!!


    Don’t LOSE YOUR HOME/INVESTMENT PROPERTIES BECAUSE YOU DON’T HAVE PROPER PLANS IN PLACE


   With MORTGAGE PROTECTION, ASSET PROTECTION AND SUCCESSION PLANS in place YOU can make sure this will NEVER happen to you


CLICK HERE TO GET MORE INFORMATION AND SEE HOW MUCH YOU QUALIFY FOR


Things don’t get better with neglect…..they get worse!!

Remember….
“Its your life….make it Extraordinary!”
Kevin Pritchett
312-505-1957
ironkop@gmail.com
*licensed attorney;
licensed insurance producer

P.S.  Will you lose your home if you lose your job, become disabled or die?         CLICK HERE TO GET YOUR REAL ESTATE PLANS IN PLACE RIGHT NOW BEFORE IT TOO LATE