Protect Your Investment With A LAND TRUST Strategy
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- čas přidán 12. 07. 2024
- In this video, Clint Coons, Esq. will show you how to protect your investment and hide property transfers with this land trust strategy.
Learn all the ways you can protect your investments with a land trust strategy in this modern market surrounded by complex rules and regulations. The land trust strategy we are about to introduce to you is something you need to know if you want a chance at success.
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/4d7f29
"You've got to have this land trust strategy in your back pocket because it's going to help you get properties moved in the future." 0:06
Land trust strategies are a great way to protect your real estate investments. If you don't know about them, you're putting yourself at risk of losing everything. Yes, we mean everything! These strategies are crucial for protecting your assets from creditors, lawsuits, and more.
In this short video, we will reveal the secrets of utilizing this outstanding strategy that is sure to assist many real estate investors.
Subscribe to our channel for more top-quality content on how to protect your assets and maximize your profits.
Do you have any questions or comments you would like to share with the community? Leave them in the comment section and we will try our best to respond.
Show Notes:
0:00 Intro
0:26 Moving Property
3:03 Land Trust Solution
5:45 Transfer
7:41 Land Trust and LLC
8:40 Outro
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FREE REAL ESTATE INVESTMENT STRATEGY SESSION
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FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/l29
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FINANCIAL PLANNING & RESOURCES
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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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 #clintcoons
Learn more about Land Trust strategies at our Free Tax & Asset Protection Workshop. Join our upcoming Live Stream: aba.link/l29
Your videos are great!!! Thank you for sharing your expertise which really solves some important asset protections!!
Great Clint! Appreciate it 🙏. Peace and Total Wellness Temples always
Comedy By Mom's BH!
Thanks for watching.
Excellent
Brilliant
This was great info, thank you for all you do. Would be great if you could make a video specific to LT strategies for Florida real estate and protection they provide in that state.
Great suggestion!
I just purchased my FIRST Short Term Rental property in Florida and have spoken to 3 different attorneys about a Land Trust and NONE of them said I should do one. One of them said they had never even heard of a Land Trust. I should have saved myself some time and money and called Andersen.
Could you please make a video specific to land trust in Pennsylvania? Thanks!
smh...Clint you are the Tony Starks of LLC's and Private Land / Living Trusts Strategies! GREAT STuFF!!
Thank you. 😂
Clint, for Texas, is this step necessary if you are trying to transfer an existing rental property already in a revocable trust to a newlly created LLC? or can i just skip the LT part? Thanks! Great videos! Subscribed!
Is it in a land trust?
G'Day sir. As someone who will be escaping Cali soon and is looking to purchase land elsewhere, is it best/easiest to purchase first as a LT then place it in the WY LLC? Since we'll have a clean slate and will have no mortgage, it "seems" this is the way for me to do this. Will be watching your video later in the week when I have the time to go through it all. TIA!
Absolutely. Very solid plan. If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
If you bought that house with a fannie mae conventional mortgage (residential multi-), could you close on it with the Land Trust -> LLC -> WY LLC structure you point out in your video? Or must you still close in your own name prior to moving it into the Land Trust structure described in the video?
Close in personal name.
You guys put out great content. Why Wyoming though vs Nevada? What are your thoughts on your competitor Nevada Corporate Headquarters?
Wyoming is much cheaper
@@DrMan786 cheaper with what ?
@Albus. You can not obtain privacy in Nevada unless you use a nominee manager. We used to set up our LLCs in Nevada with a nominee manager listed with the secretary of state but it became problematic for clients to open bank accounts. The bank would look at the secretary of state website and see that the client is not listed as the manager - a nominee's name appears. This became a roadblock. Also Nevada began gouging LLCs with annual fees, Wyoming does not collect any information on an LLCs members or managers so it is ideal if you want anonymity and it is less expensive.
@@ClintCoons so how would I go about changing ? I already have an LLC in place that collects rents etc.
@@Blackberie We re-domesticate the NV LLC into WY and then dissolve the NV filing.
You always have great videos, I have been watching a lot of your video :) I wonder if land trust hold title/deed then if I or spouse/kids get lawsuits then the rental is still at risk(outside of this rental LLC). Do I understand correctly?
Yes. The land trust should be held by the LLC
@@ClintCoons Yes, I understand this. But, if Trust holds deed and my name/spouse on Trust then If I/spouse/kids get sue outside of that LLC, the rental is still at risk?
@@Birbb2 The rental would be at risk if it was not placed in the LLC. If the rental is in the LLC is does not matter if you or your living trust is the member, both will have the same protections from outside creditors
@@ClintCoons Let see if I understand correctly: Deeded house to trust...form llc...assigned interests of trust to llc, rent house under llc then I get protection of this llc if we get sued ourself (outside of this house/rental) and this trust/llc rental (house) is protected from creditors? I have a very low interest rate and dont want to get "due on sale" when transfer directly to llc. Can you confirmed if this is correct?
Wish you could do a video on just homeowners wanting privacy and using the land trust to hold their primary and only residence-not an investor at all.
Have you watched this video: czcams.com/video/XXCjlb2e_yE/video.html
Can you please address how to protect anonymity if you own rental properties in your personal names? Do we quit claim them into land trusts and then into LLC’s? By having our names in the original deeds, haven’t we already lost anonymity? Also a what about short term rentals personally managed? By the nature of the rental, the renters know who owns them. Thanks!
Correct - you will deed the property into a land trust that has anonymity and place the land trust into an LLC. Yes you are in the chain of title but on an asset search you will not show up as the owner. On the STR the renter only knows you as the manager not the owner unless you disclose this to the renter.
Great info. Sad that our legal system is so fucked up that people need to do these Hokey Pokey maneuvers to protect themselves from frivolous or overreaching lawsuits.
Just to clarify, if your properties are in florida, then you do not need the individual LLCs, correct? My understanding is that FL Land Trusts provide their own level of asses protection, so the best scenario for that is that you have 3 Land Trusts, each holding its own properties, with beneficial interest of each Land Trust tracing back to the WY-LLC. Please correct me if I am wrong. Thanks
You are not wrong.
Does this work if you have a loan on the property? I know some banks won’t just let you transfer it to an LLC bc it’s a new loan basically, but what about putting it into a trust?
Yes it does and it is one of the preferred strategies when dealing with encumbered property.
On the GRANT DEED is better to put the trust name first or trustee name?
Both go on the deed.
If the property you are trying to protect is a rental property, in this protection strategy (property+trust+LLC) discussed in the video, where should I put me so that I don't miss the rent income?
You are the owner of the LLC
Can your management LLC be the beneficial owner of your land trusts? Or should it be a totally different entity ?
I would use a different entity as the beneficiary
Following the process can someone not loose control of LLC or trust if someone changes the register agent or trustee of the trust ? Wondering how this process is protected.
Yes someone could attempt to steal your title just as easily as assuming your name.
Make it plain so a child can understand I still get lost in your teaching and I learn quick. You speak as if we already know, speak with understanding
Would moving the three properties into separate Land Trust require that I open three banks accounts, one for each Land Trust?
No it does not. Typically the beneficiary of the land trust will collect the rent.
@@ClintCoons So I would need to open an acct for each LLC that holds the beneficial interest for the related land Trust. Yet, I can report the taxes on my 1040 if the LLC are disregarded. Now it is making sense.
@@richardtruitt4646 Great.
If a person received land via inheritance but has no LLC, is the process basically the same to put the land into a trust?
Yes it is.
Can you make yourself look dead with a real estate land trust?
We live out of state from a rental, can we make a trust called “Estate of John Doe”. Then 6 months later change it to a different land trust name so as to appear an investor bought the home? This is for a home in SC.
Ha Ha. That is good but I don't think that is a great plan becasue of the optics if the trust is sued.
my confusion lies here. If i am the beneficiary and I transfer my interest to someone else. What prevents me from still claiming that I'm still the beneficiary of the trust if no "paper" trail is recorded?
Nothing stops you from claiming you are the beneficiary of a trust and producing a fake trust. The same could be said for an LLC. Although the beneficiary have the control, the trustee will still be required to sign off an any title transfers.
@@ClintCoons so lets someone takes you to court stating that they own the house still that you purchased in a trust. How do you remedy/prove that is not the case? Are the assignments of beneficial interest notorized? Would that be your proof?
I would like to have a Wyoming LLC formed that includes a registered agent. I would also like to have Arkansas LLC formed, also with a registered agent, do you know anyone that can provide all of these services?
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
Why do you need to beneficiary the trust to yourself first then to LLCs? Isn't that one extra step?
To avoid any possible county transfer taxes
@@ClintCoons got it
What if the allege borrower-Grantor was beneficial interest first on LT, but investor is true 100% Beneficiary on Declaration of T, and Trustee, how would it be closed, please? Appreciate it.
@@2MarketSongs What do you mean by "closed"