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27
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11
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David Floyd
  • Rental Property Investor
  • Titusville, FL
11
Votes |
27
Posts

LLC or land trust in Florida with no mortgage

David Floyd
  • Rental Property Investor
  • Titusville, FL
Posted

I currently have a quad Plex in my personal name that I need to move into a holding LLC or land trust. Most of my properties are in LLC's currently. I don't plan to sell this property or mortgage it in the future and do not currently have a loan on it. Land trusts seem like a good way to hold the property but wanted to get other opinions. I am interested in anonymity and also currently do not have insurance on this property. My plan is to probably get liability and fire insurance coverage only and do as much as I possibly can to prevent wind storm damage. I know there is another scheme where people create their own mortgage company to make the property appear to have no equity. 

  • David Floyd
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