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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