All Forum Posts by: Mike S.

Plenty of information available on Land Trust online.

You can start here

https://www.youtube.com/watch?v=0HixJDgupss&list=P...

https://www.youtube.com/watch?v=NNS8aWhNpS4

https://www.youtube.com/watch?v=ul32Yf9KJB0

https://www.youtube.com/watch?v=zbOi1DFId9U

https://www.youtube.com/watch?v=udaxcLVfZtM

The 1031 Exchange is a completely different animal that as nothing to do with Land Trust.

https://www.youtube.com/results?search_query=1031+...

There are different school of thoughts on the matter. On my side, I am a believer in the one LLC per property concept. If your State has high fee for LLC you may want to reconsider, but in my State, it costs me under $200 a year per LLC and I take that as a cheap additional insurance cost.

As these LLC are tax disregarded, it does not increase my tax burden, but creates a little bit more paperwork as you will probably need one bank account per LLC to avoid losing some protection.

I have on top of it a WY holding LLC that is the single member of all the sub LLC. This one creates some additional tax reporting but that you could probably handle yourself after getting some tax advice the first year.

There are plenty of very good online video on the subject by some of the few real estate/tax oriented attorney firms.

I understand the pro and con of each side and at the end of the day it's a matter of personal choice and what will make you sleep easier at night.

You missed a step in your setup.

When you create the Land Trust, your beneficiary should be you to get the Garn St Germain protection from the due on sale clause.

Then after the land trust is set up, you can assign the beneficiary to your LLC. This assignment is private. Also if you are still the final beneficial owner of your holding LLC, that should not trigger any other reassessment.

https://www.youtube.com/watch?v=HWzAlfy8J6A