How to set up-use Land trusts-Stop buying house in your name OR-LLC
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- Опубликовано: 27 май 2020
- my Land Trust Document Packet below:
krish.thrivecart.com/land-tru... so you can follow along During Class!
If you're still putting houses in your name OR your Company name, this training is for you. Land trusts are a way to take title to a piece of real estate without having to put your name or your LLC on title. After this Master class, you will 100% know how to create, fill out and set up your own Land trust without using an attorney and stop putting houses in YOUR name OR your company name.
Back in 2008, I heard about an entity called a Land Trust. In reality, it's nothing but a Grantor Revocable Trust. It took me 3 more years to research and deploy them in my business. Well today I'll show you how to set this all up on your own so you can sleep at night knowing you're not on public record for owning houses. Download my Land Trust Document packet at the link above so you'll have it to follow along for our FREE master class:
I'll see you soon! 
Развлечения
*my Land Trust Document Packet below:*
krish.thrivecart.com/land-trust-doc-packet/ so you can follow along During Class!
Congratulations
Hi Kris,
In the event I cant find a trustee can I email you the land trust agreement via docusign instead of FedExing it to you???
@@Macky20z You name the trustee it can be your company your son best friend or lawyer for a fee
@@patc1839 oh okay so in my case since I have an llc I can be the trustee and put my llc as the beneficiary?
@@Macky20z did you find out if u can do that?
Im going to simplify this for everyone. Hold each property in its own trust and have one llc as the beneficiary of all the trusts. If one trust is attacked legally you transfer all other trusts associated with that llc and assign them to a backup llc that you already have created and on standby as the beneficiary before a judgment makes its way up to the beneficiary LLC associated with the remaining properties held by a trust.
Its such an honorable and admirable thing for someone to give their time to help teach people or share what they know. Good man
Yo yo, it’s an honor to be in a position to do it my friend, thx for ur support
I'm 2 years late,,,but better late than never; i NOW have your info and will be following up soon; Youre VERY informative and QUITE encouraging. I look forward to learning more from u!!!
It’s my pleasure to serve and bring this good word to my peeps
So glad you turned up on my query. I appreciate your delivery of this information. Blessings!
Thank you Kris! God bless you for all this great information. 🙏🏼
This video was great. The first one I've seen so far that showed me how to do the land trust with or without an llc, to limit liability while increasing personal financial privacy. This put all of the prices of the puzzle together for me. I now have a much better understanding of those particular details I was unsure of how to properly do. I wanted to structure everything the right way the first time, and I'm excited to start implementing this technique.
yes, I can only tell it like I studied it for YEARS... Now you got it, pass it on to the next....
Taking a title insurance producer class could help you understand this information. I just took the class and I understand everything👍Thank you again
Stayed all the way to the end, I remember taking this class locally but I understand it but with you easy peezy thank you for bringing so much value!
I LOVE THIS!!! ❤ it’s the way you broke down the visuals! 😭🙏🏾
I appreciate the KNOWledge Kris! Greatly appreciated, I'll never put another house in my name!
Boom! I love it,
Thank you for your VAST knowledge and making it simple for the newbie!!!!
My pleasure! It's my honor to pour into you..
I love your work bro! Keep it up!
"After today, you have at least been informed." ...great information Kris.
well, I feel an obligation to let my people know this stuff. But, i can't make them do it. SO, to keep my mind clear, I at least know I'm doing my best. thnx for watching.
Great great info... Yes land trust are always the best way to hide your properties from prying eyes
⁹9⁹90p000000⁰⁰
This is so genius, thanks for sharing this my brother !
Hey I'm just spreading the good word my friend. Thnx for hanging out w me
Thank you so much for the information 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼
Thanks, Kris!
Excellent presentation , I receive !
Yes, go make it happen
Excellent contents as usual brother.
Glad you enjoyed it
Kris & fellow investors, you can form an LLC who's sole role will be to be your "Trustee" Company to all your properties.
Use a WY LLC
Make sure your LLC job is ONLY to be your trustee.
Of course you will be the "Managing Memeber" of the sole desicion maker of All your companies.
No need to worry about anyone else.
yes, this is very true, BUT paper intensive, I dont know if everybody is ready to keep multiple LLC's registered, dealing w/ taxes, paper, yearly certs. etc.etc... You can layer this thing to the hills, but remember we must unwind it all at some point.
@@krishaskins If anyone is at the point where they need start to use "Land Trust" for what ever reason, then they would need proper structuring. Having said that, a "Trust Holding" LLC is very little maintenance in the scheme of things, the meetings are simple and the taxes are as a "Disregarded" since it would flow to who or what ever entity you have it set up.
Guys and Girls if you are investing thousands or hundreds of thousands on One property don't be cheap and cut corners. When you standing in front of the "Man" is too late.
Do lots of research and learn from many.
Specially lawyers who specializes Mostly in Real estate investors. Same goes to Accountants. Local 89$ accountants don't work.
Kris, I usually don't comment on site but I absolutely see how hard you try to teach. and I see that your "Trust" forms are very very cheap! That tells me you want many others have access to it. FYI to all, that would cost at least 2.5K with a good competant attorney.
Keep up the good work Kris.
We all learned from each other, that is what makes us successful!!
Could the trust holding llc handle all operations and the property management for the properties under the land trust?
Great content! Greater message!!
Mr Haskins. I would really like to ask you a few questions in regards to trust in general. Is this a possibility?
Thank you. I am searching for my first home and wanted to take necessary steps to protect my identity! I been researching all day!
Glad it was helpful! I love it, another Land Trust believer, welcome to the club, it may take some time but you'll get it.. THnx
@@krishaskins Is my LLC not in my name? How do I keep privacy, since I sign with my LLC name?
@@friedlliese3116Are you the Manager manages position, created in your LLC in WY? Then, you could sign your name "as the manager of LLC" if member, it could be a problem ❗
@@friedlliese3116I would create a WY LLC and I would be a Manager manage position. WY LLC would be the trustee of the Land Trust then I would signe as the manager of the WY LLC.
Congratulations 🎉
You never want to be the Beneficiary on a Trust ,the Beneficiary will always be your Estate. If a individual passes away then the Trust is gone also. The beneficiary should always be your estate. The tax bill didnt disappear in the land Trust you spoke off it gets added on in the sale and becomes attached to the new ownership. Yiu need to read the Treasury Department (Questions and Answers About Trust 0049) from the Department of Treasury.
It can be with allodial your name is the estate titles, but if not, it passes to new buyer, possibly?
I love this! Just found you on RUclips.
Glad you enjoy it! come along for the journey, it's a bumpy ride on my channel my friend!!!
Thank you very much Kris for this video. Very informative with a great breakdown of the topic. My question is, will your forms/documentation be valid for the UK system?
Thank you for this video very informative. Do you recommend an lawyer becoming a trustee because they have a fiduciary responsibility? (I know they are expensive) Have you done a video explaining the difference between land trust and living trust?
I would love to hang out with you, Kris! I can tell you're a real dude and you're a badass 🤘 This was the first time watching but I'll def tune in and get my level up man. You know what's up dawg. Thanks for the information and keep it up ^
sweet, real does recognize real kinda like the good book says iron sharpens iron, we gots to stick together and figure out how to get this info out to the masses.. thnx for supporting my friend.
LLC to be trustee!!
This is liquid gold, my brain is on fire ..Lets go !!
You have been knighted, get out there and make it happen, and spread the good word to the people....
This is information defined, Transfer On Death (TOD) and is revocable at anytime, after death liens attach, and may need to place in a trust simultaneously?
sold me docs filled with your info
Do you recommend the state of the land trust to be where the property is located?
can this be done with a whole sale agreement to
I saw a video you put out for subject to ducuments. Are you still giving out the documents for subject to.
So new construction, am I doing all this at closing or after mortgage services gets xfered to another company?
Can you put a commercial condo in a land trust? Will there be any issue when going to refinance?
does this apply to buying a mobile home from a mobile home dealer also!!!! can this format be used as well
I appreciate you sharing what you have learned. Can the trustee use a PO Box address and not their personal address?
yes, you're very welcome and It's an honor to serve my community. YES, your trustee can use any address they want.
Hi Kris. Does this process make sense to do for wholesale transactions wherein the property won’t be in your possession long? Won’t you end up creating disposable trust One after the other, or having to sell trusts to buyers or quick deed house to buyer dissolving the trust? Do you recommend something different for wholesale transactions? Thanks
Assign from resignation of current trustee, and assign to successor trustee buyer's side possibly?
As per my understanding, the beneficiary of land trust does not hold legal or equitable title. The beneficial interest in a land trust is considered personal property . Isnt personal property immune from creditors?
If so, what is the advantage of the Land trust + LLC route?
Hi Kris, Thanks for the great infomation.
Question: At Sub2 closing, after the assigment to the end Buyer, does the $$$ go to the Trust, trustee or Benificiary?
This will be our QOTD next week. 👉Make sure to join our email list so you don't miss any exclusive trainings, events and Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
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Hello,
On the GRANT DEED is better to put the trust name first or trustee name?
Kris...Can you sign the purchase agreement with llc, then transfer into a trust at closing?
Yes, u can do that. Just assign it over.
Deed of Trust is a mortgage document that record shows owner gets the loan use the property as a collateral.
Some Lenders care about transfer to land trust or LLC , May call the loan back. You can not say bank does not care the transfer.
Quit Claim is cheapest so use a QC-Deed if you are transferring from your name or llc name that you own into a land trust you created.
Great video! I have 3 properties in Illinois in going to put them in a trust. I’m looking to get my personal home now. How do I present this at closing. At what point do I present the desire to put it in a trust?
Good question! I"ll do a training this week, make sure you're on my email list. aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Can I get HELOC or refi when house is in Land Trust?
I was told that if I wanted to put my home under an LLC I would need to pay off the home first or have the LLC purchase the balance of the mortgage is this true?
Do you cover how to buy the house with the land trust ? Or just transfer
This is a great video, I want to ask do you think it best to get a land trust for wholesaling?
Absolutely 100%, I think we covered it in the training about sellers filing suit against a buyer because they didn't close
Ok I replay it, I want to know can I set one up without putting a address on it. Since I will be wholesaling I’m not going to have a address until I get it under contract. Thanks in advance
How long before should it be getting the trust In order to put the property in it
On page 9 EXHIBIT B Beneficiaries, say I listed 2 beneficiaries, for those 2 can the percentage of interest be 100% for each? Or does it have to be 50% for each?
For example, me and my wife as beneficiaries.
not sure about that, but I would think it's only 100% to go around. Whenever we do them the 100% must be broken down not a total of 200%.
Is the sale amount when buying property in a land trust $1 or the actual purchase price?
Your on point Kris everything your saying is accurate according to Lawywea on you tube
ok, this is good to hear, I have spent years doing my research and I care about the people to give them real world application on what I do EVERY DAY. Too many fakes out there so we must be transparent...
Kris... appreciate you, sincerely! If entering a lease option, your business llc should be on lease & option contract. No land trust because, no title transfer, correct? Try to explain these steps.
U can put ur LLC on the lease. I wouldnt put the trust on the lease. Itll be hard to explain to the judge.
What did you mean by you added the Trust as an additional insured?
If you alter the trust agreement at any time (For example adding and removing beneficiaries), do you also have to change the deed?
no, the deed stays the same..
@@krishaskins thanks
So im in colo i had investors that were gonna purchase my home they had me out in a trust they needed more time to get payoffs so they filed bk7 put his name as trust for our address. They said they coukdnt do that and accelerated the sale filed a personal bk 7 on him what did he do wrong
Must deed be recorded when doing a Land trust?
Not really sure why I am not seeing any of your replies to the questions, Kris, but I saw an att'y today that recommended naming a mysterious trustee - someone with whom you have no known association, perhaps a lawyer - this should not be expensive because it requires so little time, have your trustee resign immediately, do not record the name of the backup trustee, because it is yourself. How stealthy is that? See any problemos? PS - I am in Kansas, enjoy your channel very much!
I see your reply but one of the things I don't like about having a large channel is I don't get to interact with the peeps as much as I used to. If I did, I'd be on here all day everyday. Sorry about my lack of interaction. But yes, this sounds like a pretty cool idea here....
Sounds like if something happens to me then by your name on the deed, who to say that you won't take it frome my children
How can the trustee can do that? so if they want to sell the property wouldn't all the benefit the money goes to the beneficiary? If they want to rent it , the income goes to the beneficiary?
Question I’m going to close soon, I have my land trust as llc for the trustee and llc for the beneficiaries..
How do I get this land trust into effect do I have this agreement notarized and filed into the county before I go to closing?
Or do I bring to closing the trust with the notary stamp & witness before recording into the county?
Do I also have to get a warranty deed created at closing or after that’s required to go with the land trust?
Ok so first and foremost thanks for sharing . Second the breakdown was great, but I do have one question. So you did the breakdown of this deal being done in a couple of months, which lets me know time can make or break your profit. So if you can’t move this house within a short amount of time, you’re at a loss correct? Did I miss anything?
That is correct, on some deals, esp if I'm taking it sub to, the time is everything. But, if I've only got a small amount out, I'm willing to gamble w/ time. So, the less money I have out, it doesn't really bother me...
Minute 38:31 Your name and Title of LLC Example Patsy Martin, President - 4 The Low LLC, LOLLOL
What qualifying criteria will the bank ask for?
Anderson associates says to use another for Trustee 1 for 6 months and you as the 2nd, they resign then you take over but you can’t be both Trustee and bene. They are the name on paper and if anyone snoops they show them the resignation but don’t know who’s Trustee now
So if I do a land trust, I don’t need to put it in an LLC?
Tried to purchase the docuements but never saw the entry for a discount code. Where do you get an opportunity to enter the discount code?
hey, we don't have a coupon running at this time, we try to keep all my stuff at affordable prices even without a discount, thnx for supporting my mission.
KRIS, thank you for sharing, Q: to create a llc, don’t you have put your name on the paper work, for the llc you’re creating also setting up a bank account, they ask for the name of the person creating the account?
yes, u do have to put all your info for the LLC, but that's not who's going on title. the trust is on title.
You do not have to put your name on the LLC as an owner an Irrevocable Trust can be the owner of the LLC just put it down as the Orginizar never put your name or social on a LLC as an owner or on a Bank account.
Hello,
I am paling to purchase personal resident in California in cash, should i purchase under Wyoming LLC with no EIN or Land trust?
What is best as a beneficiary me or a llc?
who should be on the property tax bill land trust name or trustee?
The trustee receives the bill of the Trust which own the property ⁉️
i would like to get the Land Trust Document Packet but, there is not a way to enter coupon code "hope" to complete the transaction . can you advise please ?
well, we don't have any coupons running at this time my friend, thnx for supporting.
I’ve watched this video and another but, I still haven’t heard when do I start the trust. Or maybe I’m just missing it. Do I start the trust after I get the purchase agreement and authorization form signed? Then I take all three to the title company?
Ok good question, u get the trust set up before u go to closing. The buyer on ur contract is the trust, then u create it so the deed gets drafted in the trusts name
@@krishaskins ok thank you so much.
Where are you putting your many after selling your subject 2 house?
Well, at this point in my life, I’m really diversifying into certain crypto projects. Having learned so many ways to earn money inside the space other than buy low sell high. I feel it’s the future my friend
So if you are selling your beneficial interest in the trust, that's basically the same thing as selling a trust. So the trustee remains the same, so the new buyer will need to appoint their own trustee or have a trustee they don't know, is that right?
well, most buyers won't know what's going on, SO they'll want a new trustee, but they don't have to. It's up to the buyer. You'd be surprised as much as I scream about this stuff, peeps still don't have a clue in our industry. It's mad simple as well..
Is there any different between land trust and living trust?
not sure about living trusts.
Can one have an LLC while your on SSI ? or have a 2nd House in Land trust? The House I live in is in an SNT left to me after the Grantor my Father passed .....
not really sure about this one..
Hi,
The trustee of my land trust for my rental property in California is my single member Wyoming LLC. Can the Beneficially of the same land trust be another single member Wyoming LLC without EIN number?
Can you setup a Trust with 2 or more trustees and have it in the bylaws to where it will take a minimum of atleast 2 trustees to sell and or to apply for anything against the property
Good question, this will be in our QOTD this week, 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
@kris haskins will this be a video or email - just curious and thank you for your instruction- brand new to this and getting my feet wet
Good morning.... Question.... Do i have to have another dba or can i buy houses sole proprietor. If my sole proprietor dba is ( example ) " how you do dat dere " entertainment. Do i need to change my entertainment name or buy houses under that dba & dont worry about it because im putting the land trust or what your educating on now.
The purpose of a Trust is to hide you soooo if your dba has you name on it I CAN SEEEEE YOU and sue YOUUU!
A DNA is only a nickname a ein is what separates you from the ownership because of the seperation of entities a land Trust is garbage in the eyes of the courts because you will still have the liability because there is no asset protection
What proves you own the Trust? The trust agreement?
this is a great Q, this will be our QOTD for Thursday, 👉Make sure you're on our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
🙌🙌🙌🙌 Krish how do I get land trust I’m trying to by a property in Georgia and I leave in Florida want to do these the right way is my firs property help please
hey thx so much for your support. You can download my Land Trust Document packet here: krish.thrivecart.com/land-trust-doc-packet/
Most lender do not allow land trust or LLC be the borrower of a loan.
❤ 🔥
What is a legal description of a property exactly
If the beneficiary is individuals, lawsuit can go after the individual. Need to be LLC can avoid the liability.
Hey Kris.Do you sign your purchase agreement as your trust name. So you establish a trust prior?
We establish the trust as we're going to closing. Just created it, and your trustee can sign it at closing my friend.
@@krishaskins Ok, that makes perfect sense, but when signing the purchase agreement eith the seller, I assume thats under the llc business, which will then transfer ownership into the trust? Or do you sign that agreement as the trust? I was thinking that since the trust doesnt exist yet, how can it sign the contract?
Im looking forward to your "release" of info! Thanks
If u have to sign it, u can change the trustee to somebody else since you're the beneficiary as well. No problem.
Hey Kris, If you acquire a property via Sub-to, would you put your llc and the sellers name on the trust (Exhibit B) to prevent triggering banks do-on-sale clause? Or is your LLC name good enough? Thanks!
That's a great question. And some investors do that to have a document showing the owner is still the real owner. Or sometimes investors put the seller's name only, THEN transfer it into their LLC a day later. The fact is, what is our intent? To me, intent means everything. I feel like it can be looked upon a fraud IF you set it all up and intend to transfer it later, which is why I just put it in my LLC from the jump, good question...
@@krishaskins Thank you brother!
Grant Deed is the best.
Question what to do when you don’t have a trustee that you trust and u are a single person llc ? I wanna move forward on the land trust but my pickings are slim😥
Ok, u can hire us, or I sincerely want u to put urself in a new and better circle where u can meet great people. The right peeps are out there, but it takes time. U can use a distant family member too.
@@krishaskins Okay Thank you 🙏 for your feedback and advice yeah you are right but it’s so hard tho cause people were so many faces you be thinking 🤔 like okay this person wouldn’t do me wrong think again naw but u right it will get better
Job well done producing the content. What's the new Coupon Code? We are ready!!
Hey thnx for watching... We dont have a sale going on right now.
Will these docs also allow me to amend an existing land trust?
well, the most amending we do is to change the beneficiary and/or the trustee. Those docs are included.....
wow eliminate closing!
If the Grantor goes bankrupt, will it affect the beneficial rights of the Beneficiary?
what do you mean the Grantor,
Kris.....somethings buggin me. If the deed is only recorded, multiple copies of trust, in case of losing original copy?
Well, I never thought about losing the original trust, it never leaves the file cabinet but i guess i could have them in different locations.
Just type up another Trust agreement. A the Trustee Deed can be obtained from the recorders office. Now if you did not record the Trustee Deed and you lose that then you DO nOT OWN THE PROPERTY. LOL