REI WEALTH MONTHLY Issue 36 (The Best of REI Wealth Monthly) | Page 42

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 .
WHY DO YOU NEED A LAND TRUST ? RANDY HUGHES

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 .

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 advice 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 for you .