land trust

Wholesaling Property With Land Trusts

by Clint Coons | December 16, 2010

Last week a client called about buying a HUD property. After a short discussion I realized he was buying a trust that owned the right to purchase the property. After reviewing the documents I found several errors. I thought my client’s experience could help those of you interested in wholesaling property. The Story: In 2009 [...]

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Real Estate Law

Land Trust Traps for the Unwary Investor – Part 2

by Clint Coons | September 30, 2010

Last week I wrote about two of the primary misconceptions regarding the use of land trusts in real estate investing. I am amazed at the response my Blog generated. My intent in raising this issue was to inform people on what to watch out for when considering this entity for real estate investments. As a [...]

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Real Estate Investing

Land Trust Traps for the Unwary Investor

by Clint Coons | September 23, 2010

I received eleven calls this week from real estate investors who wanted to set up land trusts to protect their real estate investments. Understand that it not uncommon for me to receive a few calls each week on this topic but 11 within three days. Did this topic hit PR-Newswire? To make these calls even [...]

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Real Estate Wholesaling

How to Close REO Wholesale Deals (Part 5 of 5): Using a Land Trust

by Stephani Davis | October 8, 2009

Today I am bringing you the final post in my five part series where I have explained the various methods available to wholesale REO deals and get around the “No Assignment” clause that most banks include in their addenda.

So far, I’ve discussed simultaneous closings (my preferred method), double closings, using a quitclaim deed, and using an LLC.

Using a Land Trust to Wholesale

In this post I will be talking about using a Land Trust to get your REO wholesale deals to the closing table. This strategy is similar to the LLC method that I discussed in last week’s post; in both instances, you will not be selling the actual property to your end buyer, but rather, the LLC or the Land Trust which owns the contract to purchase the property.

If you decide to wholesale your deals in this manner, you will be making your offer to the bank in the name of a Land Trust (which you will create once your offer has been accepted), and signing the offer as the Trustee of the Land Trust.

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Real Estate Investing

Land Trusts and Asset Protection, a Primer

by Greg Boots | March 11, 2009

There has been much published in regard to land trusts. However, many real estate investors are completely oblivious to the fact that the land trust, in and of itself, provides absolutely no asset protection. Don’t get me wrong, land trusts are great vehicles for privacy, but privacy will only take you so far. You must [...]

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