TRANSFERRING REAL ESTATE INTO YOUR LLC CLINT COONS
t is not uncommon for me to receive a weekly email from a real estate investor vexed with the problem
of transferring encumbered real estate into a LLC. Many of these troubled souls have sought providence
from their local attorney, CPA, or banker only to find their hopes of protection doused like a spark without
the tinder to give it life.
The problem for investors is in not knowing that information can be pretty thin stuff unless mixed with
experience. A JD, ESQ., CPA, or other professional designation following a surname does not necessarily
translate into omnipotence. For those wayward investors adrift in their concern for the unknown and know
liabilities associated with investing, staying afloat begins with the use of a land trust.
Contrary to the multiple internet gurus or guest
REIA speakers that sing the vestibule of virtues
offered by this rudimentary of legal tools, the land
trust is simply and nothing more than a title
holding vehicle. But, it is from its simplicity of
design that real estate investors can successfully
transfer title to encumbered real estate without
alerting banks or other curious souls to your
personal dealings.
To move real estate from your personal name into
your LLC for asset protection you begin by
creating a land trust. The land trust should name
you or someone you trust as the trustee with the