How Much Does A Land Trust Cost?

[Charles Kagahastian]

My team and I will be using Land Trusts to wholesale properties. how much does it cost in attorney fees to set up a land trust? and sell a land trust? I was quoted $5000-$7000 to handle all the paper work. They give us a land trust worksheet that we fill out with the necessary info to draw up the contracts (front end and back end). and from there they handle the rest all the way to closing (with our end buyers).

What do you guys think about the price?

Charles

[Nick J.]

Charles, I wanted to clarify, I didn't mean you were stupid, I meant paying an attorney that much money to set up a land trust would be stupid and for an attorney to charge that much is stupid.

although I don't believe in land trusts for what you are talking about doing, I didn't want you think I was calling you stupid