Mauricio Rauld went to one of the best schools in the country and started a high paying career in law right after graduating. He was on track to become a partner at a well established firm but one day, he got up and walked away from it all.
Today, Mauricio runs his own successful law firm, offering legal counsel to real estate syndicators and he is in control of his work/life balance— and cites his exit one of his proudest moments.
Listen in as Mauricio answers my questions on syndication law and real estate investing. He breaks down the importance of setting up security nets throughout your life and businesses while sharing some of his own journey to financial freedom.
“I’m as material driven as anyone right? …I’ve been trying to put material things like if I get this done, I’m gonna buy myself this expensive, luxurious and you know, waste of money thing….and that’s still it’s not the right why like, you’ve got to have the right why and it’s probably not materialistic…that carrot’s not good enough.” -Mauricio Rauld
HIGHLIGHTS:
- [00:00] Intro
- [00:35] Meet Mauricio Rauld
- [01:16] His back story and his career path overview
- [06:54] Leaving a high paying job to get more out of life
- [09:16] The five keys to freedom
- [10:42] Finding a balance between family and work
- [13:45] Setting goals and putting in the work
- [16:01] Syndication and securities- What are they?
- [20:57] Ignorance of law and technicalities
- [23:21] Different types of securities
- [25:10] Top 3 things we should know about syndication
- [27:32] Exemptions for advertising
- [30:40] Taking accredited investors through advertising
- [31:46] What is an accredited investor?
- [32:59] Getting started with asset protection
- [35:10] When to start an LLC
- [38:55] Trust planning and protecting assets
- [42:02] A lesson in procrastination
- [45:03] Surviving after quitting and executing goals
- [49:00] The Real Estate Guys
- [50:41] Contacting Mauricio Rauld and accessing his e-book
- [51:39] Outro
RESOURCES
- Premier Law Group
- Rich Dad
- The Real Estate Guys
- The Five Things Every Syndicator Should Know to Stay Out of Jail (Email jail@premierlawgroup.net)
STAND-OUT QUOTES:
“The invest for freedom podcast that came out of a desire of mine, to never really be limited to the amount of time that I could spend with my family doing whatever I want, whenever I want. And that doesn’t mean I don’t want to work. It doesn’t mean that I don’t want to be passionate about something. But what I’m most passionate about is my time and we can’t get more of that.” -Mike Ayala [06:19]
“You went to one of the best schools in the country, right? That’s crazy. Yeah. And you graduated you became an attorney…You did it. You did the thing. Yeah. And then you found you were in jail.” -Mike Ayala [06:36]
“People do not decide their futures, they decide their habits and their habits decide their futures.” – F.M Alexander
FIND | Mauricio Rauld
At premierlawgroup.net
On Facebook: @MauricioJRauld
On Youtube: Mauricio J Rauld
FULL TRANSCRIPTION:
Intro 00:00
Are you looking for freedom? Freedom from the daily grind and hustle or just finding a way to live the life you always want it? Then join us on the investing for freedom podcast, our host, Mike Ayala will help you discover new ways to find freedom with tips, insights and interviews. You’ll learn the exact systems he’s used to travel the world and live his best life. True success and happiness are all about freedom. And here’s your roadmap on how to find freedom on your own terms. Welcome to the investing for freedom podcast. Here’s your host, Mike Ayala.
Mike Ayala 00:35
Oh my goodness, I’m so excited about what we’ve got in store for you today. I’ve got one of my favorite people in the room in studio with me today, Mauricio Rauld. Thank you for joining us.
Mauricio Rauld 00:44
Dude- thanks for having me. I was actually looking around to see who’s, who’s he talking about?
Mike Ayala 00:49
On top of all that, Mauricio, just uh, he’s a great friend, but he’s also a great mentor. He’s taught me a ton around business law and just syndication law. One of the most giving fun, genuine people ever met. So, just and I mean that Thank you. Yeah, that’s that’s not something that’s going to start out my podcast every time. So Mauricio you got such an interesting backstory and career path? Why don’t you just take a few minutes and just, you know, give us kind of the 30,000 foot view?
Mauricio Rauld 01:16
Yeah, so I’m, I’m originally I was born in Santiago, Chile. And when I was two years old, I moved to England and between Chilean England I spent the first 16, 15 and a half years of my life. So half of the time living in England, kept going back and forth between England and Chile. And then 32 years ago now moved to the US as a 15 year old high school student. And, and then, you know, the American dream I mean, I went to a really great university up but Cal Berkeley and then went to law school, right? Almost in go to law school. I was really like, I really want to do real estate. But like, I just went to law schools. I honestly had no idea what else to do. Like I don’t know what else to do. So anyway, so did And then I did what every law student dreams of doing. I went to work for like a large law firm in Southern California Long Beach, great law firm, great lifestyle law firm is amazing. I was there for seven years. But just it wasn’t it wasn’t jiving like I was just, you know, I tell the story. I was getting up in the morning, I was literally showering, getting dressed, you know, hopping in the car, driving to work, working all day, working all night, driving back, right, go home, maybe work out, eat, sleep, and then just like do it all over again. It was like I was on the hamster wheel. And I was literally I remember distinctly being in my office at like, you know, 11 o’clock at night. And I had these out of body experiences where I it was almost like I was in a helicopter, or maybe a drone right outside. It was on the ninth floor, like looking back in the whole building dark in my office. And I’m like, there’s got to be more than this to like, right. I’d walk into the office on weekends, because you know, we’re all billable hours and I would walk in in the weekends. And I’d see like partners who’ve been there for years and you know, had you know, families and then they find in at 7am on a Sunday and I’m like there’s gotta be something more than this. And so luckily for me, you know that a birthday trip on the East Coast I’m flying back I’m looking for something to read. And I came across the purple blue book the Rich Dad Poor Dad, which I know you’re, you’re a fan of and that was life changing. So it just reading it. I’m just I remember reading it just be like, yes, yes, yes. And it was just a just a mind blowing experience. And I literally read it on the plane. East Coast. I was like five or six hours, but I just devoured it. And I was just blown away. And then and a week later, two weeks later, I’m driving down la cuz that’s where I was. I was living at the time. And I hear Robert Kiyosaki who’s the author of that book, have a radio drop in for The Real Estate Guys. And his dropping was Hey, this is Robert Kiyosaki, author of Rich Dad, Poor Dad, if you’re serious about investing in real estate, check out the real estate guys. They really know what they’re talking about. Wow. And they had just started the real estate guys. It just started their mentorship program. They’re there. Their thing down in SoCal. And if I hadn’t picked up that book that would have meant nothing like, I didn’t know you couldn’t pronounce Kiyosaki I wouldn’t have known what that was right. So I went to this event for the real estate guys and they blew me away because I was interested, always interested in real estate, blew me away, blew me away, went through their whole program was really being a part of it. And then long story short, Russ Gray, one of the CO hosts approached me and said, hey, look, we’re looking for a lawyer because I’m doing all the legal work Russ, I’m like, man, that’s a problem. And so I’m like, Well, you know, how much how much you paying? Because I mean, everybody I know is making good money like you know, whatever. And long story short I’m like yeah it would be great to get rid of this current lifestyle. Yeah, I’ll be taking a pay cut but I’ll be hanging out with these great guys I’m just doing something I actually enjoyed. So anyway, went to work for them in house did you know it was their general counsel for many many years, and then slowly but surely just kind of started helping out their followers, their members with you know, asset, protect Just kind of like a little legal stuff here and there. And that kind of started my own little business, which I then just kind of blew, grew grew into Premier Law Group, which I started in 2007, technically 2006, but it didn’t really start using it till 2007. And at some point, you know, left, you know, had had my my time there and left the real estate guys kept them obviously, as a VIP client, but then grew my business from there. And it’s a lot of fun, because when I was at the firm, I was doing litigation, which is all about, you know, responding to lawsuits, and there’s like that, that fighting, you know, you’re always up against the plaintiff’s lawyer and defense lawyers and and moving into like the syndication world, which is what I do now, where everybody’s going in the right direction, the same direction, everybody’s motivated go by these deals. It’s so much more rewarding today than it was back then. Because I hate confrontation. Like that’s not a good trade for a lawyer. Right. I hate confrontation. And so anyway, so that’s kind of a hobby a little bit more than you wanted to hear. But that’s how I got here. And, you know, just just super blessed to have I mean, I haven’t had a boss in 15 years or whatever the numbers are. So Love, love doing my own thing, having my own firm and doing whatever I want whenever I want to do it.
Mike Ayala 06:13
You know, that’s something I got a, I got a different question. But before I go there, so one of the reasons why I decided to start the invest for freedom podcast that came out of a desire of mine, to never really be limited to the amount of time that I could spend with my family doing whatever I want, whenever I want. And that doesn’t mean I don’t want to work. It doesn’t mean that I don’t want to be passionate about something. But what I’m most passionate about is my time and we can’t get more of that. And so rewinding you you went to one of the best schools in the country, right? That’s crazy. Yeah. And you graduated you became an attorney. You had you were like you did it. You did the thing. Yeah. And then you found like you were in jail, which now you help people stay out of jail, but like you you’re you’re you’re in jail. Yeah, I’m such an interesting concept. So what would you say to the listener out there that finds themselves in the place where it’s such an inspiring story because we I think a lot of times We find ourselves in spots where, you know, we want so much more out of life, but we don’t know how to get there. And you said something, you know, you saw this opportunity with the real estate guys. And maybe you’d have to, you know, go backwards, take a cut and pay. But but there was something there was something driving you that was more than just the pay or the other. Sure. So just kind ofexpand on that.
Mauricio Rauld 07:17
So first of all, I’m actually very proud of that when people ask me like, what’s your most one of your proudest moments? Well, that’s definitely one of them. Leaving that great firm that I worked at the paid me really well. When I left Actually, I didn’t have the real estate guys lined up. So I left without knowing. You know, I took a six month sabbatical. Yeah. And actually the driving the nail in the coffin, also related to the real estate guys, is that they have their you know anything about the guys. They have an annual investor summit, investor summit at sea, a kind of a cruise, it’s a seminar basically on the ship, and I’d signed up and it was in January, and I wasn’t going to be able to go because I just was swamped. Like I had all these trials coming up and it was like and it wasn’t the first time I miss so many vacation not trips with the guys i mean but you know I’m single back then and they’re like ‘hey we’re all going to Chicago great we’re getting hotels then I had to cancel last minute because I had you know some trials and mediation. So that was the last straw, I was like darn it I’m like I was I was I think I was also going to miss I remember I forgot about that I was actually going to miss my goddaughters christening as well. And so it just hit me I’m like this is ridiculous plus I had some health issues which you you know about and that was that’s a stress from the job was also not helping those those issues I was having so I was like I this is ridiculous, like what am I doing? Like this is not something and I and at least I had the confidence because I say look worst case scenario is like I literally sold my car and took six months off I went I went to Chile for like two and a half months I kind of goofed around a little bit and I’m like worst case scenarios I’ll just get another job that was like my confidence like worst case scenario go find another law for I hope not but I wanted to work in house General Counsel somewhere and this opportunity came up with a real estate guys and I took it. It was a pay cut for sure. But there’s obviously much more to life than the the The check and for me at that time it was quality of life. And also just the health stuff not being the stress of that of keeping six minutes of your time, your billable hour, right, every six minutes, every point one, you’ve got to keep trying. It was just it was too much. Wow.
Mike Ayala 09:16
That’s, that’s, that’s awesome. And so, you know, we talk, we talk a lot about the five keys to freedom, at least I do. Number one is determine what you really want, determine why you want it, create a plan to get there. I’ll circle back on this but have a routine and system in place to measure the results and then adjust what I really love about what you just said. Like you had laser clarity on what you really wanted, I’m assuming because looking at on the backside, you went all for it. I mean, you just went in knee deep and maybe you didn’t know exactly what it was gonna look like, but you knew what you wanted or you knew what you didn’t want.
Mauricio Rauld 09:46
That’s I think that’s I knew that’s not what when I was walking when I saw those partners signing on weekends, you know, at 7am I just could see I fast forward it 10, 15 years and I’m like, I don’t want to wake up one day have a family And be coming to work. Because typically you think of a partner, you’ve made it like oh, now I’m a partner and put in the work now and seeing these guys. And I knew he was a family man to like so so seeing that I was like, it was more I think the I think the pain got to the point where like, I can’t keep doing this.
Mike Ayala 10:15
That’s so good. You know, so well. And that’s you rephrased it, but really, a lot of times I mean, what you didn’t want helped you to get to you said you said you’re your spouse, you wanted a spouse, you want a time with your kids, you didn’t want to be married, not even to a nine to five like I mean, these are billable hours, like not being able to, to go to your God daughter’s christening, like through that you went through what you went through understanding what you didn’t want. You got laser clarity on what Yeah, so it’s, yeah, what I didn’t want to brush over and on the intro, so you’ve got a beautiful wife, you’ve got beautiful kids and give me give me the 10,000 foot view on that.
Mauricio Rauld 10:50
Yeah, so I mean, you know, I feel like I just got super lucky and then kind of hit it out of the ballpark on that thing. So you have an amazing wife, my wife, Heidi, and We’ve got two amazing little girls, five and three. And, and look, it’s still a struggle, right? I mean, it’s like I’m I’m not there, right? So I was just thinking about that on the way over like one of my goals for this year is to spend less time on the road because it just takes away time from family. And luckily, again, going to what you’re saying I have, I do have that control. Well, I can determine which trips I go to what trips I don’t go to, there’s actually a trip that I was going to go to, but it conflicted with a family thing. And I’m like, that’s more important. So I had that power to change it. But I mean, I don’t want to kill anyone. I mean, I’m still working a lot of hours, and they’re still I still feel really guilty. I think a lot of people have this issue where they’re at work, right? And you feel guilty cuz you’re not spending time with your family. And then when you spend time with your family, you’re guilty because you feel like you should be spending time at work, right? That balance or that’s out of balance is brutal. And I’m I struggle with it every day. Yeah.
Mike Ayala 11:50
I’m not really sure that that ever really ends because we’re just constantly looking for that balance. But you know, I mean, I think a lot of people have this idea in their mind. one of two things. I mean, the reason why I didn’t I want to start a company early on is because I had it in my brain, I was going to be working 90 or 100 hours a week. And then one day I woke up, and I was actually doing that for another company. So I’m like, Well, if I’m going to do this anyway, I might as well do it for myself. What I have realized is that, you know, by finding your freedom and owning your time, and not everybody wants to be an entrepreneur, let’s just get real on that. Yeah, I mean, I think five or maybe 10% of, of the country, or the world can be entrepreneurs, and really have that self discipline. So it is a struggle. It’s a battle. It’s a discipline thing. But also, I think there’s a lie on the other side of that, that just because you start your own business, or, you know, you have your own law firm that, you know, everything’s just peachy keen, and you have on your schedule. That’s not necessarily jobs.
Mauricio Rauld 12:37
I mean, yeah, that’s not true at all. I mean, I’m getting better at it. I mean, if we had this conversation two years ago, it’d be a little bit different because I was it was two years ago, literally a one man show. And that’s, that’s a lot of work. Like you’re just grinding and just you’re just doing everything through wars. And then what I realized, you know, is that in order for this to work you really need to put together a team So now it’s a different struggle in a different thing, because now you’re trying to somehow move from you being the main person to having a team. And so that’s been a very interesting journey in and of itself. But yeah, and it’s just, it’s a struggle, a good struggle, but it’s definitely a struggle. But yeah, the time thing is huge. Especially now, you know, just to digress a little bit, go back to the kids thing. So I love the fact that on a random Wednesday, I can take a couple hours here there and spend time with the kids or you know, they started soccer, right, so my oldest started soccer last year. You know, practice starts around four o’clock or something. And so I just, I just take, you know, I leave work, quote, work early, and I just leave and I got that luxury to go do that, which is fun. And then same with the business trips, if something conflicts that I pulled the plug.
Mike Ayala 13:45
Do you believe that if somebody wants something bad enough that we can have pretty much anything any way we want it?
Mauricio Rauld 13:52
Yes, as long as they’re real. Yeah. As long as you’re really like… yes. For sure. If you if you I think if you if you set a goal up Put your mind to something and you have an action plan to get there. And it’s somewhat realistic. I don’t want to say it’s real, except my goals are all unrealistic, right? So I don’t want to say that gotta be realistic. But like, if you want to be if you if you have no money and you want to be a billionaire by next week, That’s not right. That’s why I’m not that extreme going. But if you understand the amount of work it’s going to take, you can get it. So for example, one of my favorite I know you’re a big fan of the one thing with Gary Keller, I love Gary’s definition of what a goal is, right? Like, why do we have goals? A lot of people think goals are to achieve things, right. But goals, really, the way he puts it is to be to be appropriate in the moment, right? So depending what your goal is, what are you doing today to accomplish that goal? If I wanted to be a billionaire, I would have to do something. I can do what I’m doing now and become a billionaire. Ever. Yeah, I have no interest in being a billionaire because I know how much work that’s going to take. And I’m not willing to put in the time because I want to spend time with my family and all that stuff. So as long as you’re aware of what the amount of work it does all of it takes work but yeah, I’m a big bill I’m a huge believer in goals and setting goals and having a direction and putting an action plan together and executing it. I believe you can pretty much do anything you want. I love it.
Mike Ayala 15:17
One of my favorite quotes and it’s you know back to the one thing the FM Alexander quote
Mauricio Rauld 15:21
LOVE IT
Mike Ayala 15:22
people don’t determine their futures people determine their habits and then their habits determine their futures right and so that I mean that’s that’s just such a… that’s another great quote like I’m terrible at that so I you know, I struggle with habits I struggle with you know, routines and I think that was one of your five right and I’m I’m terrible at routines I mean, it’s yeah, but um, I think the the the day I found out I don’t remember the exact moment but whenever I found about out about goals and personal development and all that stuff, that’s when things change. I think if you if you know what you want, and you’ve got to have a vision, I mean, that’s, there’s just no other way around it. Like if you don’t have a vision of where you want to be or a goal then You just end up wandering around. So true. One of the reasons why I really love talking with you, Mauricio is like, you know, you just got a diversity of knowledge, we could get into a million different things. But at the end of the day, premier Law Group is your practices around syndication? Yeah. So yeah, just just for the listeners that don’t know what syndication is, but talk to me about it,
Mauricio Rauld 16:21
Syndication is simply pooling resources, typically money, right. So typically, people pull other people’s money to go buy something that they otherwise couldn’t buy themselves. So in my world, most of it is real estate. So if I want to go by, I’m going to make it up a million dollar piece of property, I don’t have a million dollars. So I go, I go out to my friends and family or investors and I get a million dollars worth of investments and I go buy my property. whenever that happens, you fall into certain rules and regulations that you got to follow. And that’s what I do. I make sure that when people do that, and they collect all these monies that they’re doing it legally in compliance with all the laws
Mike Ayala 17:00
So anytime I’m raising money from somebody Am I potentially in a security?
Mauricio Rauld 17:05
Anytime you take money from someone where the returns are generated by your efforts, it’s a security. Anytime. So the cheat sheet there, that’s already a cheat sheet. But the cheat sheet of the cheat sheet is if if the people giving you money are passive, and they give you a check, and then they go home and sit on the couch and watch TV and you do all the work and basically just give them a return. That’s a security. And generally with securities, you’ve got to either register them, I always joke, you’ve got to either register the securities with the SEC find an exemption to that registration, or they’re illegal.
Mike Ayala 17:39
So this isn’t like Legal Zoom when we’re starting up an LLC or something.
Mauricio Rauld 17:42
No. That’s, no, this is that’s probably one of the biggest fallacies and I always like there’s like a few things but the number one fallacy, the biggest mistake was put that when I wrote it this about I’ve got an E-book called The Five Things Every Syndicator Should Know to Stay Out of Jail, but number one is so good. By the way. Understanding that you’re issuing securities. I mean, there’s so many people that are raising money and it doesn’t have to be real estate, you could raise money for a business you could raise money to, you could be like, Premier Law Group could be like, hey, I need, I want to expand, I need to go hire a bunch of people. It’s gonna cost me 300 grand, I don’t have 300 grand, I could go to the bank and get a loan. Or I could have three investors give me 100 grand for my business, right?
Mike Ayala 18:26
Wait, I don’t mean to cut you off. But I was talking to a guy the other day that’s raising capital for a protein bar. Like they’re launching this protein bar. So if he’s gonna raise capital from 100 different investors, that’s a security
Mauricio Rauld 18:38
Yeah. Oh, absolutely. So it’s not just real estate. No, it’s not just real estate at all. So any because he’s taking money from investors, he’s doing all the work and he’s giving them a return whatever he’s promising 5% 10% 20% double your money, triple your money, whatever it is. That is issuing a security. The only time it’s not a security technically, you know, obviously if you’re and it’s not really raising money either but if You’re taking, you know, charitable contribution if your charity, and you’re, you know, taking donations, I guess technically that could be considered raising money but they’re not getting a return. Same thing. We like Kickstarter and all those, you know, like you’re not you’re donating, you might get a T shirt or something, but you’re not you’re not getting a piece of the company and the profits or whatever, but anytime you’re somebody raising money, you’re dealing with serious some people. I think also, there’s a, there’s an enormous amount of people that do that they don’t they don’t know any better. They’re just, they don’t know, they just they’re raising money. They don’t want like, why am I thinking about it? Why Why is why is this insecurity? I’m buying a piece of property and buying a nutritional bar, whatever protein bar, like why is security like why so it doesn’t even occur to them. The other group is, they kind of know about it, but then they try and get creative and like, oh, but I’m going to structure it a certain way. And I’m going to get around the securities laws, which is another whole thing. But, you know, I’m a part of a lot of these communities like you know, bigger, bigger pockets of great example. So you go on bigger pockets and the lot of QA people are asking questions. They’re just starting and The amount of questions like oh, I’m gonna, I’m doing this and I’m going to go raise, I’m going to take 25 grand from four people and you know, and I’m going to do something and then people remind them, hey, you should probably talk to a securities lawyer. And they’re like, why?
Mike Ayala 20:12
So is it just as simple as like, because we’re issuing shares in an LLC or a company or something? That’s I mean, that’s where the security we’re selling shares in a company.
Mauricio Rauld 20:20
Yeah. But it’s not just like, yeah, so that’s the traditional, yeah, so… if you’re doing an investment, typically, the people who are giving you money, you’re giving them something in return, whether it’s shares in your company, or if it’s an LLC, you know, membership units, or maybe it’s alone. You’re giving them an A note, right? So those are all securities, but it doesn’t even have to be and that’s where people get hung up. It doesn’t have to be a company, you could you could literally have a handshake, okay, these people are a high five, I was gioco. You could do you can structure doesn’t matter. Well, the fact that you are again, taking money from somewhere where the returns have been generated by your efforts, you’re dealing with security.
Mike Ayala 20:57
So I talked to and you made a comment that I think was pretty Interesting that I don’t want to wax over. So I don’t think I mean, generally, it seems like people just don’t know about that. Right. So like most people don’t know that they need to form a security. That’s right. Right. Right.
Mauricio Rauld 21:10
Well, they don’t form a security. They’re there by law issuing a security, whether they know it or not cool, right? ignorance of the law, right? You always learn that. So it’s happening. They just don’t realize it. And so now they’re violating all these laws, because they’re not complying and following the rules. And that’s, that can get them into trouble.
Mike Ayala 21:29
So I talked to people all the time over the years that you know, there’s five partners that are going to get together and they’re going to buy a piece of property together. And you know, four of them are going to be investors, one of them is going to buy a piece of property is going to build a house on it. Four of them are investors. Is that a security?
21:44
I like the fact you picked five. But yeah, so if it depends on what those four are doing, if they’re passive investors, if they’re just writing a check, and you’re doing all the work 1,000% that’s a security if the four of them and you are all actively basically started a business together. Right You, me, Andrew, Mike, john, whatever we all start a business or all five of us are actively involved, then maybe not. Okay. The challenge is you picked five, which is a tricky number because at some point, the numbers too big, where there’s no way you can show that everybody’s active God and fives right around there. So I think four is fine. If you and me and two other people get together, and we all divvy up the work, and we’re all actively involved. That’s fine. I had a client once that had 25 people that he wanted to show we’re all actively involved. And that’s just not going to fly. There’s no way all 25 of you are there’s one at least one person out there that’s doing nothing and as passive because they’re meeting in Aspen once a year there. Right, exactly. So the SEC at some point said five is kind of a limit. So I always try and keep it under five. But yeah, man. And the problem. The challenge is and what really is I had a conversation yesterday with someone what’s really difficult is just like anything there because there’s so so much regulation, the compliance cost is really high. So it makes no sense For you to raise 100 grand God has it’s going to cost you so much money to raise it because of all the legal fees and the filing fees and all this stuff that it makes no sense like, until you start raising 567 hundred grand. It just doesn’t it’ll kill like if you got you know, if you’re raising 100 grand because you want to go buy a piece of property it’s gonna cost you $15,000 right, that’s gonna kill everything. Got it?
Mike Ayala 23:21
So without getting too far into the depths of this there’s several different types of securities like I mean specifically in our world we talked about it like a five or six B if I will succeed Can you can you get just
Mauricio Rauld 23:32
you know, that’s super that sounds technical, Mike. So those are the exemptions so you can either register that security but that’s going public like that’s that’s forget it right that’s going to take
Mike Ayala 23:42
most of us think about right like isn’t yeah
Mauricio Rauld 23:44
when you think that’s like stock, you know, the stock market, right? Like if you go public, you know, IPO I mean that’s going to cost you hundreds of thousands of dollars, millions of dollars. It’s gonna take years to get through like you don’t nobody does that. Nobody in our world does that, especially for 100 grand right? So you always look for an exemption And that’s where I live, just finding the right exemptions. And the most popular ones are these things called reg D exemptions. And these, that’s what we’re talking about, you were talking about the five or six B, the five to succeed, and they all just have their own list of bullet points you got to hit, you’ve got to make sure that you comply with those if you want to rely on those exemptions. And if you blow those, you blown an exemption and now you’re back to square one, which is like you’re doing an illegal offering because you’re selling a security without the proper license or the right exemption or the registration.
Mike Ayala 24:28
You mentioned your book which will circle back to what was your book called?
Mauricio Rauld 24:31
The Five Things Every Syndicator Must Know to Stay out of Jail
Mike Ayala 24:34
Perfect. And actually, that’s probably a book that everybody should get if they’re thinking about bringing in partners or investing in businesses because really, as I’m like talking through this with you, there’s probably a lot more people that are really partaking or part of a security and they don’t even really know it. So anyway, we’ll get back to the book
Mauricio Rauld 24:52
And it’s an E book, so I don’t want to be carried away. A lot of people know about it’s getting… by the time this comes out, I think it’ll be done. But yeah it’s an E book so I don’t wanna get too carried away. Thanks.
Mike Ayala 25:00
But it’s still good.
Mauricio Rauld 25:01
Oh it’s great thats why its taking so long. It started as like an article. And then I blew it up to a regular ebook. And now I’m making it into like a solid ebook.
Mike Ayala 25:10
So just for the interest of time, give us the top three things that, you know, we should avoid as syndicators or we should know. The one we just talked about is is by by far but it’s definitely a number on my in my ebook is number one, like not just realizing that when you’re raising money, you you’re probably issuing securities, right and you got to register it or find that exempt even if it’s a protein bar, even if it’s a protein bar. The second one is probably the one I see the most these days, which is kind of a hot topic is, you know, with the with social media being so prevalent, the most common exemption that people rely on prohibits you from advertising, right. And social media. That’s all if you post something on social media that that’s going to be considered advertising. And so a lot of people are doing deals where they’re they’re hiring lawyers are doing everything right. But they’re just careless, or, again, not aware that the posts that they’re doing on Facebook or Instagram or you know, Snapchat or whatever any of these LinkedIn, they’re going to be considered advertising and that’s going to blow their exemption. So anytime you’re raising capital, just make sure you’re talking to your lawyer, just anytime you want to post something on on social media about your business or your raise, if you’re doing a raise, you just want to make sure you’re talking to your attorney. And then the other one, you know, referral fees is another one. Again, a lot of people who are looking if you need it, you know, you want to raise even 100 grand, 200 grand, you know, whatever. There’s always somebody who can introduce you to somebody, right? And they always want like a little referral fee or something. And that’s a big No, no, you can certainly accept referrals but you can’t compensate somebody for referral. That’s, that’s what we call broker broker dealer, you need a license to do that. So that has issues for both sides. It has an issue for the person receiving the referral because they’re, you know, they’re practicing without a license, just like you can’t you know, you can’t practice medicine without a license, you can’t be a lawyer with a license, you can’t act as a broker and receive fees without a license. And then the person accepting them accepting the referral and paying the referral fee. They don’t disclose that. Right. One of the big things when you’re selling securities is just disclosing all the information that the investor needs to know. And that would be a very material, but just think about it. Like if you knew that the person making the introduction to the investment is getting paid, wouldn’t that change? Yeah, potentially change your opinion about the investment. So just getting paid referral fees, and another another big one, And again, without getting too far in the weeds, you said? So there’s an exemption where we can’t advertise? Yep. So it I’ve heard you say before that, like we essentially need to have a pre existing relationship.
Mauricio Rauld 27:44
Yeah. So the the most common way you show that you did not advertise is to show that you have a pre existing substantive relationship with that investor. So you and I might have known each other for a bazillion years, and so if I haven’t investment and you write me a check for an investment, I clearly have a relationship with you. It’s substantive. I’ve known you for a long time. And so I clearly not I did not advertise for you to come, you know, come to me. So that’s the most common common way of to prove that you did not advertise. Because just like everything else, the laws are not very clear on what advertising is or isn’t right. So you got to go back with all these, but this is one of the small, there’s one of the few areas that that you can actually rely on where you say, hey, you have a pre existing substance relationship, then you have by definition have not advertised or solicited to that person.
Mike Ayala 28:33
So let me ask you a quick question. Whether it’s through real estate or whether it’s the guy raising the money for the protein bar. If I have a podcast and people are listening to my podcast, and they’re on my list, and or let’s say I do an event, I do events, and you know, somebody gives me their email, is that a pre existing relationship?
Mauricio Rauld 28:53
No, not even close. So there are, think six steps six or seven steps that you should probably follow when you have Somebody that you came into your world legally. So this is all assuming it’s all legal. Like if you’re on this podcast, or if you’re a guest on it, like if I’m a guest on this podcast, let’s say I have a, I’m raising money, I start blabbering about, hey, call me, I’m looking to raise a million dollars for this apartment building in Texas, you know, my numbers, you know, 310, blah, blah, call me, that’s going to be average. So if I get the email based on that, forget it. That’s clearly advertising. But if you get an email in a legal way, for example, hey, you want to get a copy of my ebook? Or I’ve got you want to shoot me an email or Hey, look, I’m happy to talk to you. Why don’t you email me and they’ll talk to you about legal stuff, then I’ve obtained that email legally, but I can’t offer them my deal because I don’t know them. So you’ve got to go through a process where you take this person from a complete stranger all the way to having this substantive relationship. And even then, once I establish that submissive relationship, I can only offer them the next deal because the relationship needs to pre exist has to be a pre existing substring relationship, which means pre existing, previous in the deal and that is primarily You know that the top two of those I think, you know, you want to have a phone call with them for sure, you know, or coffee or lunch or whatever, have a good 1520 minute conversation with them get to know them pretty well. And then questionnaires is very advisable. That’s one of the ones where a detailed questionnaire asking, you know, are you accredited or non accredited? What’s your investment experience? You know, how long have you been doing this? Have you invested before, like all these questions, and then you just really generally fostering that relationship where you’re trying to find I’m trying to find out information about you, you’re trying to find out information about me. And there’s no magic timeline, it could take two days, it could take two weeks, it could take two years. It’s really the quality of the interactions that matters the most. But that’s the way you you have to go through that process.
Mike Ayala 30:40
Okay, and so just one other thing that I know was kind of like a stepping stone of knowledge for me early on. So if I’m going to take an accredited investor into my deal, I can get them through advertising, right. So I mean, there’s
Mauricio Rauld 30:52
no not necessarily so whether you advertise whether you can take somebody through advertising or not, is not predicated on whether They’re accredited or not. It’s predicated on what exemption you’re relying on. So there is an exemption, which is five will succeed. There’s others, but that’s the most common five will succeed that does allow you to advertise. You are As you know, there, you are now limited to accredited investors. But it is possible for you to do a five or six other exemption that that does not allow advertising and only accept accredited. So the pivot point is whether you’re it’s the other way around almost like the pivot point is what exemption Are we going to rely on if we’re relying on the one that allows us to advertise and we could only accept accredited investors?
Mike Ayala 31:32
And so if we go the other route, Is there like a certain number is there like a cap?
Mauricio Rauld 31:36
Yeah, so if you’re if you’re going the route where you cannot advertise, then you’re allowed to take a limited number of non accredited investors and that number 35 cool. What is an accredited investors and An accredited investor is anyone who has a net worth of a million dollars or more excluding their primary residence, or has earned $200,000 the last two years with a reasonable expect Patient of earning that amount of more this year. And if you’re married, it goes up to 300 grand.
Mike Ayala 32:04
So does the SEC agree with Robert Kiyosaki that your home is not an asset?
Mauricio Rauld 32:08
Definitely not. Definitely not. I saw a post the other day about people arguing about that sale. So people argued, people get argued about the technicality they don’t get it’s really all about the concept or the principle is really it’s, it’s all about.
Mike Ayala 32:21
just for the audience in general. So you know, a big, big part of I think what we’re all looking for financial freedom, growth, figuring out what it is we really want in life. I think a lot of times and again just for the audience, you’re not an asset protection attorney per se you’ve done it in the past you can do it you’re very good at it.
Mauricio Rauld 32:38
I still consider myself an asset protection… I don’t practice it, but I’m still I consider myself an asset protection attorney.
Mike Ayala 32:43
Well, so let’s talk let’s just dig into that a little bit. You know, people spend a lot of time money, energy, building wealth, gaining their freedom. And and I don’t think that this is a conversation only for, you know, people that are worth 10 million or 100 million dollars, right? Like we should start thinking about this earlier. So give me the Give me the high level of asset protection.
Mauricio Rauld 33:02
there’s really two main levels of asset two angles of asset protection that you got to think about. One is you want to protect yourself from your assets. Real estate is probably the easiest example. If you own a piece of real estate and you rent it out, that’s a huge liability for you. Anything that happens to that tenant, they slip and fall, they get hurt, you know, a pipe blows and whatever, the owners responsible, so you’re protecting yourself by doing an asset protection strategy and and taking some steps you are protecting yourself from that asset, you own a dangerous asset, you want to protect yourself. The other angle is the flip side, which is you’re dangerous. You’re out there everyday producing liability. So if you get into a car accident, for example, I always give the example if you run over the little lady, there’s a judgment against Mike. Now you’re trying to protect your assets from you because now there’s a judgment against Mike, I want to go find what you have because there’s a big difference between getting a judgment and actually collecting on it. So if I sue you and get a $500,000 judgment great, I got a piece of paper, now I gotta go find $500,000 worth of assets. I mean, you know, unless you have 500 grand sitting in a bank account, you know, I’m going to look for property I’m going to look for, you know, whatever other assets you have. And so we want to make sure that your assets are protected from you. And, and those two are completely different, not complete, yet relatively different strategies that we implement. Sticking with real estate. And again, it doesn’t apply only to real estate, you just never want to own you never want to personally own a dangerous asset. That’s kind of the overarching piece, because the owners responsible. So that’s why people create these entities, and typically they’re limited liability companies LLC, as you probably heard of those before. And those, as the name says they limit your liability. So if instead of you owning the house, the LLC owns the house and you own the LLC, then if something happens to the tenant, they slip and fall, a pipe blows whatever, who’s responsible the owner who’s the owner, the LLC, and that limits you your exposure. They’ll be able to absolutely be able to get to the house that they’re in and whatever equity is in there, but they won’t be able to go get the next house in the next house or whatever. So that’s that’s kind of the basic principle behind it.
Mike Ayala 35:10
When I’ve been asked this question before, when’s the right time to start an LLC? I mean, should I get three rentals or should I start two businesses and then start the LLC? Or should I started out
35:20
time? What’s that saying? I think it’s a john F. Kennedy quote, right. The time to repair the roof is when it’s sunny. I think sometimes when I’m sure I butchered it. Robert Kiyosaki says, The time to put your seatbelt on is before the accident. So same thing so the the time to do an asset protection analysis and strategy is as soon as you own anything of value, and that could even be your job, right? Your job your W2 job, you’re making income. Right? And that’s something I can get. Same example Mike, I run you know, I get a judgment against Mike for 500 grand. Well, I don’t have any assets. Oh, you have a job. Great. I’ll start garnishing your wages. I know I’m not gonna get all of it, but I’ll get 25% Your wages. So my judgment gets gets paid. So, you know, I think for most people insurance is probably the first line of defense. I always, that’s always. So that’s step one. Like if you own rental properties, the very least you want to have insurance on them. Just like just like, you know, you’re in a car but but think about the car insurance. I mean, I know what the max is, are these days, but it’s not a lot like you can’t get you can’t get a $2 million car insurance policy. Right. So if you kill someone, or probably worse, if you, you know, make somebody a quadriplegic, it’s going to be more than whatever your deductible is on your on your car, right? And so anything in excess of that if you’re on the hook for and even if you don’t have anything again, they can go after your future earnings.
Mike Ayala 36:38
Interesting. You mentioned to me the other day my daughter started driving and yeah, he called me What do you say,
Mauricio Rauld 36:44
But I’m card better being some… Yeah, so the car is interesting because the car, there’s two levels of liability on a car, there’s the owner of the car is responsible and then the driver of the car. So people like oh, I’m really I want to put my car into an LLC and I’m like, that’s a waste of time because they You’re going to a car accident and you were driving it, then you’re going to be on the hook anyway. Now if you own a business, right and your employees are driving the car, then absolutely you want to have that car in, in in an LLC or in the business because if your employees get into a car accident going to be the hook. And then when you got teenage kids, that’s another reason to have to have it in LLC, because now you’re you know, she’s [inaudible] person while she’s driving. I mean, at the end of the day, she’s you’re responsible for… you know, but, um, but yeah, so having that in LLC would would make sense for that for that standpoint. But yeah, but I also get like, obviously, you just max out on insurance.
Mike Ayala 37:36
Right. So you kind of already alluded to this, but I always think about, you know, and just encouraging people to think through the asset protection piece and the LLC and getting everything structured, right. You’ve talked about this before, but when you’re getting sued, it’s too late. Right? We can’t transfer assets at that point in time. Can’t go Yeah, just kind of address that.
Mauricio Rauld 37:53
Right. Yeah, I mean, that’s why those sayings you know, like the seat belt one’s good too. You know, you can’t put your seatbelt on after you’ve got no car. accident. And the reason is there’s you don’t you don’t even have to wait till you get sued the minute you know that you might get sued, it’s too late. Like, you can’t just be like, Oh, well, it’s just the car accidents happen. Oh, crap, I got into this huge car accident. Obviously you haven’t gotten sued yet you just gotten in the car accident this afternoon, you can’t run and go set up these things and transfer your assets into these LLC is next week and think that’s going to work. There’s something called a fraudulent transfer. So the fraudulent transfer rules essentially say if you do a transfer like that, when you know there’s a liability there, the judge can unwind that transaction and reverse it. So if you have an asset you put in an LLC, and you say, Hey, I don’t own it, the judge is gonna say, No, we’re going to put the LLC back in your personal name and it’s going to be fair game.
Mike Ayala 38:42
Interesting. I know there’s no black and white approach to this but let’s talk even further on Okay, so you know, we think about gaining our financial freedom and all that but along the theme of keeping that protecting that keeping it safe. Trust planning, like family planning legacy plan, you guys you work on some that stuff?
Mauricio Rauld 39:00
I don’t that’s a specific that’s an estate planning attorney that would do it but i can i know enough about it to be dangerous I guess we’re having an intelligent conversation. A couple things with that. You always want to have a will. Because if you don’t have a will, then it defaults back to whatever the state essentially government will dictate where your money goes, if you die without a will. I think everybody should have a trust as well a living a living trust, because if you don’t have a living trust, then if you die, you got to go through the probate process to figure out who owns what so even though if you have a will, the will will tell you who gets what, but you still have to go through a process through the courts, which is number one public so your dirty laundry will be you know, who was Robin Robin Williams right who passed away not too long ago, in a while now bed and maybe how long it’s been it’s been a while, right five years where you didn’t have a didn’t have a trust. So his whole estate that was all Public, you know, the media had had a field day. So number one, it’s not public, it’s public. Number two, it takes forever. So if you go through probate, it’s going to take six months, it may take a year to get all this stuff done. And number three, it costs money, you got to pay all the court fees. So having a trust just makes that transition smooth. Now, to be clear, this is a big misconception, a living trust, which is purely an estate planning tool, avoids probate makes the transition as seamless as possible, has no asset protection value whatsoever. So just because you have a trust doesn’t mean like literally people have stuff oh, I have a trust, I’m protected like a living trust has no assets. Right now if you have an asset protection trust, which is a little bit different, that’s really a little bit more super advanced. That’s different, but that those those trusts are legal, irrevocable, meaning once you set those up, you can’t change them. So a living trust is your you know you’re alive so you can change you can put stuff in you can change how you can get divorced and change the beneficiary to your first wife to your second wife, your kids, your kid gets you know, whatever but with a with a irrevocable asset. Protecting trust. Once you set it up, that’s it. Game over. You got no, no say into it crazy.
Mike Ayala 41:05
You got some good insights. So I’m hearing don’t procrastinate.
Mauricio Rauld 41:08
Yeah, not on the asset. But yeah, if you have any type of assets because think about this, let’s say you’re just starting out, right? And you buy a $60,000 property right? You got to put $12,000 down, you got an 80% loan, you’re making 10 bucks a month, right? Like you just standing started great. And you’re like, wow, you like I got 12 grand into it like why it’s not worth it right? You have unlimited exposure, your exposure goes above and beyond whatever the value of that even though that house might be worth 60 grand, if somebody slips and falls in that house, and they have a million dollars worth of damages. You’re on the hook for the million bucks, you’re not little capped at the value of the asset. So your liabilities unlimited. So no matter what asset you have, again, don’t worry about protecting your asset from you and that case, yeah, like if I get a car accident, yeah, go ahead and take my house. It’s worth 12 grand, but when you try to protect you from your asset. It’s unlimited.
Mike Ayala 42:02
Yeah, that makes a lot of sense. So, you know, you there’s just this kind of, again, a recurring theme here, whether it’s hiring a securities attorney or getting your asset planning done. You know, a lot of times I think we tend to procrastinate, and that’s one of the things that I really just wanted to bring you on and encouraged everybody. I mean, it’s too late. When it’s too late. It’s too late.
Mauricio Rauld 42:22
Let me tell you something about procrastination. Yeah. One of the biggest lessons I learned was about a year and a half ago, I got really sick. And I had procrastinated, doing some stuff. And luckily, I didn’t get hit by a bus and die. I kind of went through a rough, you know, 6 to 8 to 10 months. But if I gotten hit by a bus, we would have been in trouble, right. I actually did procrastinate on some stuff. I’ll tell you. So the main thing and I tell you so one of the things I think you and I have been talking about at some point, I gotten the life insurance. Yeah, set up right. So if again, if I got hit by a bus great I was in the process of looking into disability insurance. Wow. But I procrastinated, procrastinate procrastinated, and then this happened, which totally would have kicked in and ensures that Luckily, we had, you know, stuff set aside and we were fine. But that was a procrastination that I did. And the main procrastination for me was like, I got to get away from being the single point failure. Right? It’s I’m a one man show. I got to do this. But you’re so involved in the day to day of your business that you’re like, I’ll get to it tomorrow. Next week. I got to do it next year. Yeah. So on my goals, and you put it aside. And so yeah, and that’s what happened to me. So so once once I got out of it, that was probably one for me was like, stop. I started emotion. That’s why starting to build the team now. So I’m no longer if it happened. Again. I’m no longer single point failure. I’ve got a team in place. Everything’s great. disabilities a little tough, because, you know, nobody’s gonna insure me for a little bit because of the health stuff. But yeah, definitely do not procrastinate.
Mike Ayala 43:51
Yeah. And I think you know, it’s just human nature. we’re so busy. We’re focused on what we think is important, but back to the one thing like sometimes we just got to stop, slow down, and make sure that we’ve got this stuff in order and nobody wants to stop and do their trust planning and, you know, sit down with an attorney or or paying it. I don’t mean anything. Yeah, but I want to, you know, we don’t wanna spend a grand on attorneys fees I’d like we’ll just deal with that later. And I always think that nothing’s ever going to happen to us but the reality is, we just don’t know when it’s gonna happen. And so
Mauricio Rauld 44:15
And I like what you do you know, I and I try and do this I do the solo I’m just gonna be a little kid and stuff. I mean, I know you get out you and Karen can get away a lot from these retreats and I think getting away from whatever environment you’re in, you’re so involved in your business or your job and your family or just your thing. You don’t have to do anything fancy but just get out of that environment go rent the hotel room down the street, you know, and just lock yourself up for a weekend and think and just be you know, that’s when you clear your mind a little bit and you can start focusing on that kind of stuff.
Mike Ayala 44:44
I’m going to put you on the spot and this is on the fly but I’m actually working on a thing that I call the freedom worksheet which has a net worth calculator we you know, we got the sheet where you can put your goals and all this stuff. What if we put a tab in there on like, you know, a do not procrastinate checklist from Mauricio?
Mauricio Rauld 44:59
Let’s do it.
Mike Ayala 44:59
All right.
Mauricio Rauld 45:00
Let’s do it.
Mike Ayala 45:03
You know, so the other side of procrastination this is this is the flip. So we always think that you know, these these things are never going to happen to us. Talk to talk to my listener that thinks Okay, well yeah Maricio can you know quit his job he must have been independently wealthy.
Mauricio Rauld 45:17
Oh my god you kidding me?
Mike Ayala 45:18
Yeah. So I mean, anybody can set their mind to a certain goal like you did when you left the law firm and just kind of talk to me about the mental process through that.
Mauricio Rauld 45:25
The way I survived for six. I did it for six months is I sold my car and I I’m not recommending this at all. I cashed out my 401k I paid the penalties. I pay the tax like it was it was just gnarly. But that’s how I had the dough to go go to I went to Chile for two months. basically took a sabbatical and then after six months, money dried up so I student debt. I mean, there’s Yeah, but but you know, when the Y is big enough, then you just find a way like and I’m guilty. I mean the amount of excuses I give myself Was obscene, right? Like every like, Oh, you know, even you know, today I’m here in your neck of the woods to come see my naturopath and I haven’t done anything that she told me to do, right? I was supposed to be on my county, I didn’t do it and like, the probiotics I was having. And she’s like, why am I and I just procrastinate so but when your why is big enough, I think that’s, that’s going to be and so for me that when I left the firm though, my y was huge, because, you know, I was missing all these important events. I was getting sick wasn’t a good thing. And then my why, you know, you know, again when I got sick, it’s like realizing I’m like, you know, I got a wife and kids and two daughters I got a mechanic mechanic make that happen again.
Mike Ayala 46:37
Yeah, you know, we put all this time and energy and effort into building our businesses, our careers, our brands, and that why and that, you know, just even back to the formula, what do you really want but step two is why do you want and I think that’s extremely important. What’s the why behind it?
Mauricio Rauld 46:51
You know, we were talking about this right before coming on like, you know, and I’m, look I’m as material driven as anyone right? But And you had a cool thing you were telling me about but like I, I’ve been trying to put like material things like if I get this done, I’m gonna buy myself this expensive, luxurious and you know, waste of money thing. And it’s getting up there like these things that I want to buy, or that’s why I’m bottom because they’re like expensive and that’s still it’s not the right why like, you’ve got to have the right why and it’s probably not materialistic because I’m proof of that I haven’t got the stuff I have to get done, hasn’t gotten done even with this, this thing dangling in front of me that carrot’s not good enough,
Mike Ayala 47:28
The execution piece is difficult. I mean, I think we all get glimpses of what we really want. I think we get glimpses of why we want it. And when you really start doing the work, and you get deeper on that clarity, that’s probably the easier part because it’s probably really kind of ingrained into us, I think, where it gets difficult. The next three parts of that process, what are you going to do to get it? I think where people get stuck is they like, how am I going to create this plan to deliver whatever it is I want, and then without getting into it, you know, measuring the results adjusting along the way. That’s why I think having some kind of process some kind of routine that you measure that with, I struggle with the same thing with health. It’s probably my weakest area and I’ve got some accountability partners that I’m on a call once a week, literally here This is crazy. So I’ve got some things that I committed to for the next two weeks and and there’s an event coming up that we’re all going to be together and Aspen if any one of us don’t do what we committed to we have to wear a shirt that’s like glued and glittered that says I’m the pod sissy nice for entire event. So that’s a big why don’t why I don’t want to wear that shirt.
Mauricio Rauld 48:24
Were you there?.. well I did something similar with you know, with Russ gray, the real estate co host the real guys. He had he was a lot overweight for him. I was super overweight. So we did a similar bet where whoever lost I can’t remember the formula but whoever lost had to go on the cruise that screws me talking in front of you know, 100 straight not strangers, but most of them strangers. We had to do a hula dance in like a coconut bra. And you know, whatever. And that was a pretty good why for a while for sure. But then I realized I was going to lose … and went to go dance and I did that thing,
Mike Ayala 49:00
You know, since you’re on that I would feel… it’s not even that I would feel bad. I, we, I need to just shout out to The Real Estate Guys because that’s how I know, you know, right you know, we’ve came back to him several times throughout the show and in 2016 after Karen I, we had sold our business in 2014 looking, you know, kind of what we wanted to do next, I went to a Real Estate Guys event, which if you’re interested in real estate syndicating even on the investing side, if you’re just looking for a good place to, you know, just expand your knowledge and investing. I highly recommend the real estate guys radio show on every podcast platform that there is but Mauricio’s relationship obviously goes deep with those guys, so does mine. They’ve just done a ton for all of us. So
Mauricio Rauld 49:42
Their pod… if you have any interest in real estate at all, they’re pure education, pure pure, pure education and they’ve got if you go on there, I think it’s their website. They’ve got every single episode and they’ve been around for 1015 years now. maybe longer. Maybe it’s short changing. These they started off as a radio show every single Episode is archived. So if you’re interested in syndication, you can go through all the syndication episodes, if you’re interested in flipping, wholesaling, whatever, or just renting houses or whatever, it’s all it’s all there. So that’s a great starting starting resource for anybody who’s thinking about getting involved in real estate.
Mike Ayala 50:17
And there’s a good chance that if you go to one of their events, you might see Mauricio and maybe even myself. Yeah, that group so anyway, not not pitching the real real estate guys, we just owe em a ton, they’re just good people. So Mauricio, you mentioned your book, your ebook.
Mauricio Rauld 50:33
That’s kind of like you never know today if the books a book, or if it’s … I want to be upfront about it… it’s not it’s not a huge, but it’s it’s I think it’s super valuable.
Mike Ayala 50:41
Yeah. So how can people get a hold of your book?
Mauricio Rauld 50:43
I don’t think I’ve got the website set up. If you email jail, at premier law group.net Premier law group.net jail at premier law group.net that will send you a copy of the ebook automatically.
Mike Ayala 50:58
Awesome. And just If anybody wants to get in touch with you, what’s the best place? Facebook?
Mauricio Rauld 51:03
Yeah, yeah, I’m on. Yeah, Facebook, YouTube, I’m doing a lot of stuff on YouTube and all the website premierlawgroup.net or the best way to get home awesome.
Mike Ayala 51:13
I can tell you, Mauricio is putting a lot of good content out. You know, just a lot of the stuff that we’ve talked about. He’s throwing stuff out there and you know, just great, great, great teacher, great educator. So uh Mauricio I really appreciate you being on the show. Any any any last words?
Mauricio Rauld 51:27
No, I’m this is awesome that you’re doing this for everyone. It’s these are important topics. So anytime you need me to swing by I’m happy to.
Mike Ayala 51:34
Appreciate it. We’ll circle back in a few months.
Mauricio Rauld 51:36
Sounds like a plan.
Mike Ayala 51:36
All right, bye buddy.
Mauricio Rauld 51:37
Thanks bye.
Outro 51:39
You’ve been listening to the investing for freedom podcast with Mike Ayala. For show notes and links mentioned in this episode go to investingforfreedom.co
