If you’re a real estate investor who isn’t working with land trusts already, then you’re missing out. They have multiple benefits you can take advantage of every day.
For example, you’re an investor with a mortgaged property. If you want to transfer that property’s title into an LLC, your lender could trigger the due-on-sale clause, meaning they immediately demand full payment of the loan’s balance before allowing that title transfer. A land trust can help make that transfer without triggering the payment demand. That’s only ONE benefit.
In the following video, Anderson partner Clint Coons discusses the land trust’s historical background and how they can benefit you:
- A Brief History of Land Trusts and Why They Exist
- How Land Trusts Work Today in Real Estate
- Which States Formally Recognize Them in State Law
- Parties Involved in Land Trusts and Their Roles
- How Land Trusts Can Aid Purchasing Property and Ownership
Clint pays special attention, for example, to the difference between the various parties involved in a land trust. The distinction between what parties are legally allowed to do is often muddy.
For instance, Clint clarifies whether or not a trustee you are using can sell your property without prior consent. It’s a common question that we often hear from investors not familiar with land trusts; Clint explains it here once and for all. That’s only one example. Click on the link below to learn the rest now.
Click on the Link Below to Watch
If you want to learn more or set one up for yourself, then contact us today to schedule a Strategy Session with one of our expert Advisors. It’s free of charge and together you can discuss your goals and what you want to accomplish. Contact us today and let’s help you get the ball rolling.