Land Trust - Why Real Estate Investors Should Use Land Trusts

http://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/reduce lawsuits - contingency attorneys search for significant assets, and reposition them LEGALLY before filing, so it appears that you are broke.

As you can see, there are numerous benefits to using a land trust for your real estate. Just make sure you understand the pros and cons for your individual situation and your specific state and that you use a knowledgeable attorney to make sure your real estate transactions are valid and legal. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=54SB4N33gTw

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[godblessdahookers]

Cool video. Its brief and informative.

[aslangroudi]

I have done some research on Land Trust and am finding mixed reviews from lawyers and other educated sources about whether land trusts really do protect assets. Also, for personal identity if you are using financing, the grant deed publishes your name to the world anyway. I agree with collect4less, could you expand on your experience with Land Trusts and maybe quiet some of the concerns about whether they are effective or not. Overall, these short videos are really good though! 

[Collect4Less]

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.

[BO55BITCHMAMASZ]

Thanks for the information.

[myronperish]

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

[JackB0524]

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.