Realty411 - Your Source for Real Estate Investment Information CashFlow Express - Featuring HGTV's Flip or Flop! | Page 15

I By Randy Hughes, “Mr. Land Trust” have been speaking and teaching about the many benefits of using a Land Trust to hold title to investment real estate for the last 15 years. Personally, I have been using Land Trusts for over 35 years and continue to discover new and creative ways to benefit from their use. You literally could not GIVE me a piece of real estate 5 Stories if I had to hold title in my own personal name…it’s not worth the risk! Yes, I use LLCs too, but NOT TO HOLD TITLE to rental real estate. Instead of me telling you about the benefits of using Land Trusts, this article will be about my students and how they came to use Land Trusts for privacy, asset protection and profits. The first story begins with a phone call to me from a prospective student (Jim) who wanted to learn how to create his own Land Trusts. I asked Jim why he was interested in creating his own Trusts. He answered by telling me that he owned 1,500 oil and gas leases and some of them go “boom” and some of them go “bust” and he thought my advice of putting each piece of real estate (leases are included in what can put in a Land Trust) into its own separate Trust was good advice. He went on to tell me that he did not want one or more bad leases to affect the good producing leases and he could see a huge benefit in not aggregating all of his leases in one entity (or his own personal name). Jim also understood that if he had to pay someone to create 1,500 Land Trusts it would cost him a fortune. So, learning how to create his own Trusts would save him thousands of dollars (and he would probably end up with a more personalized Trust anyway). ~~~~~ 2 ~~~~~ My second story comes from (Sue) in Florida. I received a call one breezy afternoon from this landlady in Florida. She told me that she needed to get my home study course as “quick as pos- sible.” I asked, “What’s the hurry?” She went on to tell me that she owned seven rental properties plus her personal residence. One of her male tenants was “interested” in her and she was NOT interested in him. One of her tenants called her to tell her this guy came to her house looking for Sue (and it sounded like he was visiting each of her properties trying to find out which one was her personal residence!). He had merely looked up Sue’s name in the public records and found all the properties she owned! Wow, who would ever think that a Land Trust would help you avoid a stalker? Sue had learned a quick lesson in not holding title to ANY real estate in your own personal name. There are just no advantages…only disadvantages! Now, MՔ