REI Wealth Monthly Issue 12 | Page 21

WHY DO YOU NEED A LAND TRUST? RANDY HUGHES Land Trusts are easy and inexpensive to set up and your first line of defense to insulate you from the millions of lawsuits happening in America every year The problem is that most practitioners do not know how to set up and administer Land Trusts so many of them consequently advise people not to use them. You may have been told by someone (an attorney, accountant or friend) that you need a Land Trust, but nobody told you how or where to find information to help you get started. My point is, do not trust anyone’s opinion who does not have direct active knowledge of Land Trusts and their benefits. I have been using Land Trusts and Limited Liability Companies in my full time real estate investment business for over 30 years. I have found that many times advisors tell their clients, “You cannot do that” with a Land Trust. Most of the time they are wrong! And YES, I do use LLC’s extensively, but NOT to hold title to real estate. You may have heard about the little known technique of using a Land Trust for privacy and profit in this unique real estate market. But, do you really need to learn how to set up your own Land Trusts? Yes, because if you follow my advice and put each property into a separate Land Trust you will save thousands of dollars by not having to pay someone else to do this for you.