Land Trust – Why Real Estate Investors Should Use Land Trusts
www.REIClub.com – Should Investors Use An Illinois Land Trust? Five Benefits of Using a Real Estate Land Trust to Hold Property Title Include… Illinois land trusts provide… * privacy – Confidentiality and privacy of ownership is without a doubt one of the most important benefit of the Title Holding Trust or Land Trust – hides ownership, and creates an additional hurdle to find ownership, trusts are not public record, also keeps the purchase and sales price secret These title-holding trusts ease… * property transfers – Usually, Real estate owners are required to sign all of the necessary legal, financing and closing documents each time real estate is acquired, whether it is refinanced or sold. This process can be eliminated by acquiring and holding real estate in a Title Holding Trust or Land Trust. At that point, only the signature of the Trustee is required. Title is simply transferred to or from the Trustee upon the written authorization and direction of the beneficiary (owner). Real estate land trusts provide… * property protection – protects property against IRS liens & personal judgments on seller or buyer, see the beneficiary does not own the real estate, they own a beneficial interest in the Title Holding Trust or LandTrust, which is personal property rather than real property. These investor trusts provide… * personal protection – protects beneficiary personally against HOA claims and title claims Equity-holding trusts help… * prevent lawsuits …
Frank, are you just giving information to people or have you actually DONE deals like this? The info is good, but unless you have done a land trust deal, viewers need to really investigate this. You really only learn from “doing”. Reading and hearing info will only take you so far. I’m not discouraging you though…keep the info coming.
Thanks for the information.
Hey Frank, awesome shared information. Ironically I was just introduced to this concept today and will be setting one up post haste. Do you have referrals of Colorado Real Estate Attorney’s ? Thanks MP
Please do a video over wholesales. Maybe situational and examples of different scenarios doing a wholesale deal. I am just starting out and very interested in wholesales, I just cant seem to find someone willing to go more in depth.