How to Use a Land Trust for Real Estate Investments
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- Опубликовано: 12 июн 2024
- In this video, we're going to be talking with Executive Attorney Amanda Wynalda of Anderson Business Advisors about land trusts. Specifically, we're going to talk about how you can use them in real estate.
Land trust strategies are a great way to protect your real estate investments. These strategies are crucial for protecting your assets from creditors, lawsuits, and more. We'll also discuss the pros and cons of land trusts.
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"Have you seen any downsides to using a land trust?" 15:24
One can define land trusts as a legal framework allowing an investor to purchase real estate (or other assets) without needing title insurance or financing.
Using a land trust, you can secure a piece of land in a desirable location while still having the opportunity to sell or lease the land to others. This is a great investment option for those looking for a stable real estate investment!
I will discuss why land trusts are highly desirable by real estate investors. Watch this video to learn more about using land trusts in real estate.
Thank you for taking the time to watch this video. If you want to learn more about land trusts and other real estate investments, please feel free to reach out!
Furthermore, subscribe to the channel for more great content like the one you just watched.
Show Notes:
0:00 Intro
2:10 Parties in Trust
3:30 LLCs and Land Trusts
12:40 Transfer Tax, Docstamps, Ect.
14:15 Anonymity
15:25 Land Trust Downsides
19:58 Any More Downsides?
22:13 Important Question
24:17 Overview
25:23 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#landtrust #assetprotection #realestateinvesting
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Learn more about setting up Land Trusts Today! 👇
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Excellent! I learned a lot
Glad it was helpful! Thank you for watching.
Excellent video Team
Thank you very much!
Question 1 - If you are signing under a WY LLC, instead of using a nominee trustee, how does it look when you are signing your land trust? If you sign as "David Smith, Manager, ABC LLC (WY)" doesn't that loop your name into the title work of the property instead of using a nominee trustee? Question 2 - Can you do a video on how to keep your name off the address when using a business address other than your primary residence address? It's my understanding you have to disclose your personal address when setting up a PMB.
Very good and interesting about hiding your real estate assets. Thanks for sharing.
My pleasure! I hope the information is helpful.
Great video
Thank you!
Great information on Land Trust. Thanks Toby. Amanda was awesome. I'd like to get ahold of her, thru Anderson, to do some Land Trust work for my estate. I didn't see her contact information in the show notes.
Glad you enjoyed the video. Amanda is great! You can schedule a free consultation with our team to learn more about setting up your land trust through Anderson. Visit aba.link/mzl
Great video
If I already have properties (5) in a NV LLC, which is owned by a WY LLC
So I have asset protection and some anonymity.
If I now want to also use a trust to get even more anonymity, but also to be able to change the beneficiary if needed at a later time.
(No kids, no cats, no dogs, I have no one to leave anything to)
How would I best do this? I have gotten several different suggestions, and am just getting more confused :)
Who should be the grantor, trustee and beneficiary at the end?
Hi Toby! Great video!! Question... are you familiar with " Non-grantor Irrevocable complex discretionary spendthrift trust" ?? are they legit?? do they help reduce or eliminate Capital Gains? Thanks!!
Will the lender allow you to change this to a LLC or land trust after you have had the loan already? To include a VA loan?
In Toby’s example of a wrap property purchase with the seller’s loan staying in place, if I close in my own name, and then retroactively transfer into the trust as described, won’t the lender for this seller’s loan still be able to call the due on sale clause given there’s record of a transfer from seller to me when I originally closed in my name?? Thanks for the helpful content!
How can I get this done for my personal residence? Thanks for the video…
We recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
This went totally over my head
Please let me know if you have any questions.
@@TobyMathis I want to start virtually Wholesaling in FL. I live in GA. My goal is to get anonymity and personal asset protection from frivolous lawsuits. What is the cheapest way to accomplish this? The Land Trust in FL was mentioned that it has some protections. Do I need to use an additional LLC from WY to be the trustee or is that overkill and additional expense to maintain? I am just starting out and need to be frugal. After I prove the theory that I can make it work by doing a deal or two I could add protections or change structuring if need be.
Would you recommend a land trust for my own personal residence or are set up more towards Investment/Renal Properties.
It really depends on your specific needs and goals. I recommend you set up a free strategy session so we can discuss more about setting up land trusts. Visit: aba.link/tobyss
What’s the tldr
What's the Attorney's tel to set it up.
Thanks Toby and Amanda. When using a WY LLC as a trustee, how would the manager sign the deed? "Joe Schmo, manager of ABC LLC" or "Joe Schmo, manager of ABC LLC, which is the trustee of XYZ Trust"? Similarly, when signing on behalf of a LLC under a WY holding LLC, how would one sign as? Thanks!
I would say ABC LLC, as trustee of Of XYZ trust by Joe Schmo as manager of ABC LLC.
@@chi8319 Thank you
If you use a living trus will be ye same land Teust ?
Check min 26.11 . Living trust & Land Trust two different tools. Living Trust no probation/ no court. Land Trust is to be anonymous on public records & FL has some liability. Land Trust is a private doc.
For a simple individual, with not a lot of exposure...wouldn't an insurance umbrella policy cover personal assets without a land trust?
From the sma amount I understand from watching this channel, I believe it also keeps your name off the property. So you can put the trust name on it, put it in its own LLC, owned by a bigger LLC with a trust as its member and people cant easily find all you own
I heard that it's not valid in Tennessee is that correct
Revocable Grantor Trusts that hold land are valid in all 50 states. "Land Trusts" are not recognized in most states.
Please refer to the 0:24 mark. ruclips.net/video/esH-Nrp9EQk/видео.html
So I want rent my property and my bank says no you can’t quit claim your deed to the LLC and transfer ownership because this will violate the due on sale clause. How do I use trust to get the same levels of liability protection and rent my property as the trust entity?
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/mzl
I read that these are not available to hold title in Washington and Idaho
Hi, we recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
Recently the township divided my property into two lots since I had my primary residence and a small rental house on the same parcel. I've been renting the small home out for 25 years without issues, but I'm thinking I should insulate myself from liability a little. My mortgage balance is $30k and my credit union holds the entirety of my property (primary residence and rental home) as collateral on the mortgage documents. I have some defaulted credit card debts as well. Wondering if I should get my property into a land trust? Other than my house and rental I have no other assets (I'm 61 and live entirely off my $850 monthly rental income and my mortgage payment is $300 monthly, so I'm below the poverty level). Any suggestions?
Thank you for sharing your situation. It's essential to consider the best strategies for asset protection and managing liabilities. To provide personalized advice on whether setting up a land trust is a suitable option for your circumstances, I recommend scheduling a free strategy session. Visit: aba.link/tobyss
What's the contact info of the guest in this video?
You can sign up for a free consultation with my team here: aba.link/tobyss
Can i do my current home to get my name off personal residence?
You would have to do a quit claim deed to the trust. Only problem is that it will still show that you quit claimed it without payment so it’d be easy to guess you still own it. You could also “sell” the home to your trust as well and selling it at market value could obfuscate ownership but you’d have to talk to a closing attorney to work it out. This is just advice from a random guy on the internet. YMMV
Wow great content! do you have a business email or where I can reach you out?
You can find all our business information via our website here: andersonadvisors.com/
Good Vídeo, BUT in 2024 how Use the LLC for the Trustee Anonymiy once the Rules od FINCEN you have ShOW WHO is the Beneficiay the LLC? The WY do not ask, BUT the FINCEN Yes and worst have the pick the PHOTO and Submited for them.Then, HOW Avoid this, if this is posible?
Thank you for your insightful question! The evolving regulations, especially those related to FINCEN requirements, can have a significant impact on anonymity. To address your specific concerns and provide you with up-to-date and tailored strategies for maintaining trustee anonymity in light of these regulations, I recommend scheduling a free strategy session. Visit: aba.link/tobyss
The CTA is not a public database. It is with the Treasury. It is very similar to the Bank Secrecy Act's "know your customer" rules. Also a non-public database. You can still have public anonymity.
@@TobyMathis But, this data CAN LEAK as already PENTAGON data was hacked years ago and the Panama Papers scandal too, furthermore we are in 2024 and technology is only advancing and it is predicted that with the advancement of quantum computing, UNBREAKABLE codes TODAY such as BITCOIN Cryptography will be Broken in Minutes in the next years. However, thank you for YOUR attention, You, Clint and the Anderson Team are the best.
@@TobyMathis My Fear is if the and if it leaks, as happened years ago at the Pentagon and in the coming years with Quantum Computing, ENCRYPTIONS will be broken in Minutes and I am VERY AFRAID about having my data public and with My PHOTO. I think that perhaps using a Florida LAND TRUST is safer than using an LLC for those who buy and sell real estate and TAX SALES in the counties. Thanks for all.