By Randy Hughes — What is a land trust? Why do I need to use land trusts? Both are very important questions. But let’s be straight forward with this article.
You have worked very hard to accumulate property for investment. You put yourself, your family, and your children’s future at risk investing in real estate. Do you realize that one false move with just one of your properties can cause you to lose all of your hard earned investments?
One careless tenant can be injured on your property and the world will fall all around you. Ask yourself the following question “Can you control what is happening in all of your properties right now – this minute?” Is it possible that a careless tenant can be injured or die tonight in your rental property? This happens every day in America and you cannot avoid all risks with insurance. Insurance companies are notorious for denying coverage when you need it the most.
You need to put each of your properties into separate Land Trusts. This means to put the title of your real estate in the name of the trust, not your personal name! This will “insulate” each property from the others.
You need the knowledge that your attorney does not have on this asset preserving technique. Why work so hard to have one uncontrollable tenant event cause you to lose all of your properties? Come on! You are working very hard to build your asset portfolio. Why lose it now?
Land trusts are easy and inexpensive to set up and your first line of defense to insulate you from the millions of lawsuits happening in America every year. We all know that our legal system has run amuck! It is no longer about who is right and who is wrong. Our court rooms are controlled solely by those who can afford the smartest lawyer that knows all the court room “tricks” to get the end result desired.
The most dangerous terrorist of the 21st century that you need to fear is the contingency fee lawyer! Do you want protection from the contingency fee lawyer or would you rather have a bare knuckle fight with him without any defense guards in place? It will cost you a fortune just to defend yourself!
You have probably noticed that it is very difficult to find any information about Land Trusts and how they operate. That is why people from all over the United States come to my website to find accurate information about Land Trusts. Most attorneys do not know how to set up and administer a Land Trust (they receive only three hours…if any, of trust education in law school). Many attorneys have purchased my home study course or attended my seminars to educate themselves on land trust law.
The problem is that most practitioners do not know how to set up and administer Land Trusts so many of them consequently advise people not to use them. You may have been told by someone (an attorney, accountant or friend) that you need a Land Trust, but nobody told you how or where to find information to help you get started. My point is, do not trust anyone’s opinion who does not have direct active knowledge of Land Trusts and their benefits.
I have been using Land Trusts and Limited Liability Companies in my full time real estate investment business for over 30 years. I have found that many times advisors tell their clients, “You cannot do that” with a Land Trust. Most of the time they are wrong! And YES, I do use LLC’s extensively, but NOT to hold title to real estate.
You may have heard about the little known technique of using a Land Trust for privacy and profit in this unique real estate market. But, do you really need to learn how to set up your own Land Trusts? Yes, because if you follow my suggestion and put each property into a separate Land Trust you will save thousands of dollars by not having to pay someone else to do this form you.
Is it expensive to set up a Land trust? No. Once I teach you how to do this you will have no continuing costs for all your future trusts. Is it easy to learn? Yes. I have taught thousands of real estate investors how to do this.
Randy has a free webinar that further explains the value of land trusts:
Click Here to Register for Randy Hughes’ Land Trusts Made Simple Webinar