Using Land Trusts for Rentals

[Michael Moikeha]

PROTECTING ASSETS FROM OTHER ASSETS FAILURE

(I meant to change the post topic but it won't allow me too)

I've had a crazy awesome year, and I am looking to do a better job with protecting my assets. Last year I bought 9 properties, turned two into rentals, and although my numbers are small compared to many, I want to start thing right and begin to protect those rentals from any future failures with flipping that could take everything down.

For example, Trump owns tons of real estate, files Bankruptcy in one or four of his companies, but maintains his personal assets and wealth, as well as protects his other companies from any attack from lenders on the failed ventures.

I'm not looking to file bankruptcy, but I am looking protect myself and my other assets. I want to play the game like the big boys do. 

Can anyone help explain to me how to property protect different assets and entities. I've been told that owning a property in another LLC doesn't perfectly protect it from being attacked in a suit or something to that fact.

I would love anyone input!

Thanks,

[Jay Hinrichs]

what has you so paranoid  ?????  real estate for buy and hold is simply not a litigious or risky endeavor.  

of course if it makes you feel better I guess thats OK.. but it is hard to scale up.. lenders will balk at complicated vestings and will look for PG's anyway .... proper insurance is by far your best bet for asset protection. the next is dont be a slum lord.. so i look at 42 years of owning rentals and other more risky type projects IE construction   development etc.. I have KNock on wood never been sued by a tenant .. only litigation most will get into if your really doing deals are partnership disputes.. those are common.