Land Trust Explained For Real Estate INVESTORS!
Тәжірибелік нұсқаулар және стиль
Land Trust Explained For Real Estate INVESTORS reveals the truth about using land trusts for asset protection and real estate investing.
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👉 WATCH this short video and you'll also learn about: living trust, asset protection trust, charitable remainder trust, personal property trust, irrevocable life insurance trust and more.
Step number one is to get the property out of your individual name.
Once we get it into the trust, then the trust can absolutely do some more important things. The beautiful part is 99% of the time, there's not a paper trail in the public showing that this is going on!
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.
Also about: land trusts,
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@janedoe6071
10 ай бұрын
I reallly Need help im trying to figure out if my grandfather possibly had a trustee.the property and land My grampa had they deeded the property to my dad who endedup getting scammed by the whole town basically .. but I believe my grampa owned the mineral rights! 2/3 was owned by oil companies so even tho it’s only 11 acres I still know My grampa was an Investor Theres NO WAY HE PASSED AWAY owing a mortgage ! Mineral rights has bothered me! I found a title My grampa had but I don’t understand any of this! PLEASE HELP ME!!
@janedoe6071
10 ай бұрын
What is a title to the property versus mortgage? Title insurance? The papers from when my dad sold the property say “ subject to exception mineral rights” my dad didn’t know anything so I know My grampa would have been smarter with his investment I just know!!
@janedoe6071
10 ай бұрын
I Found two different deeds . One was a landing strip in a rich area and one in Florida . But they disappeared . I need someone to help me and I got to get my family out of this mess
Great info, been watching all 3 youtube channels. Clint and Toby is doing a great job.
@TobyMathis
5 жыл бұрын
Hi Paul Ross, I appreciate you taking time to comment and am glad you liked the video and found the content useful. Be sure to subscribe, if you haven’t yet, because we’re releasing helpful videos a couple of times a week.
You explained this THE BEST!!!
Right on Thanks for that breakdown 👍🏻
FYI you sold me as a subscriber within your first few lines; all but 44 seconds in 👍
Thank you so much… you are very good at explaining
Great video! Thank you for sharing your insight
Great information! You explained it very clear and precise! And thank you for getting to the point!! 😊👍🏾💪🏾 From this one video alone, I'm subscribing!
@TobyMathis
4 жыл бұрын
@Gordon Collins that's great to hear, thank you! We're glad to have you onboard
thanks for the info
Thanks. Very helpful
Great breakdown!
Do you get a land trust per property or can mutiple properties go into a land trust?
Thank’s!
We have a drain erosion problem in my neighborhood, a lady from the state heritage was telling me about land trust, would be a good way to raise money and some how take it off our taxes.
Can land trusts be used as a way around the "due on sale clause" if you want to get your property protected (somewhat) by an LLC? I've heard that since you are transferring to a trust and not to an LLC, it does not trigger the clause.
How do you know when looking up a property if it’s owned by a land trust? I’ve seen LLC and individuals.
Thanks
Best Explanation Bar None!
Hello Toby, Why some attorneys recommend on the deed to add the trust name first then trustee name and some recommend opposite? Like: BBB Trust, dated February 1, 2020, AAA, LLC, a Wyoming limited liability company, Trustee OR AAA, LLC, a Wyoming limited liability company, as Trustee of BBB Trust, dated February 1, 2020
Thanks for the information, well explained and easy to understand. For better asset protection you refer to using the trust in conjunction with another entity; does the property need to be transferred to a corporation or LLC and then put into a trust?
@Marcocappp
2 жыл бұрын
no , have Corporation as beneficiary of trust
What are the tax implications?
Man you broke that down so well I hit the subscribe button 😊
@TobyMathis
5 ай бұрын
Thank you so much and welcome to the community!
Thank you for sharing this valuable information
@TobyMathis
6 ай бұрын
I'm glad you found the information valuable!
is there any annual real estate tax on a property under a land trust?
In case of a sub to contract, if the grantor dies how would one get title.
can my kids who are non-citizen be the trustee and beneficiary of my land trust and LLC.
When you getting your first investment property with your LLC should you do this first
Hello Toby, I am paling to purchase personal resident in California in cash, should i purchase under Wyoming LLC with no EIN or Land trust?
When you purchase rental property under the land trust and the utilities is landlord responsibilities, who should be on the bills, trust name, trustee name or beneficiary name?
@TobyMathis
2 жыл бұрын
Trustee as trustee of the trust. It usually would be "John Smith, Trustee of the ABC Trust"
Can you use a land trust in a 1031 transaction?
can one person run a trust as a go to?
Mr. Toby, God bless you. Thank you so much for such valuable information. Where do I send my Trust once I’m done writing it? Can I put a land trust inside of a living trust? I will highly appreciate your help. Thank you so much again. God bless you. 6:21
@TobyMathis
6 ай бұрын
Thank you for your kind words! I'm glad you found the information valuable. To address your specific questions about trusts and their interactions, I recommend a more personalized discussion. Feel free to schedule a free strategy session here aba.link/bfb095
Can you use a land trust to separate a bigger property. For example if I buy 100 acres can I then transfer that land into ten different land trust with 10 acres in each trust? Or when buying the land do I have to buy it in 10 acre lots with the different land trusts.
@stevenswinton6090
Жыл бұрын
Yes u would have to sub divide it first which is its own process
How can I ask u a few questions?
Can investor put their limited partnership interest in a land trust?
Ok, but what if the rental property is already in my name? Can I set up a Land Trust and still receive the benefit of anonymity? I think the property records would show that I sold my rental to a land trust for nothing, or $1 and it would be an obvious paper trail leading back to me? Right now, we rent our wholly owned rental to friends, and we have landlords' insurance, but I do worry about future renters knowing our actual name and suing me for something.
Do conventional lenders usually have a problem with this?
Can we get the Trust in Wyoming like the LLC as you have discussed? I live in Texas.
@TobyMathis
Жыл бұрын
Hi Danette! Thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can request it here! ------> aba.link/tobyss
Is it sort of like a LLC series?
Question about the trust. Should the offers go in the name of the trust or the title. In other words do we never ever have our name tied to the property all the way back to initial offer or just at the closing table have it titled into the trusts name?
@TobyMathis
2 жыл бұрын
The offers should be given in the name of the trust. You can purchase the property in your personal name and then transfer the deed/title to the trust. The key isn't that your name is never in the history of the property but that the current owner is the trust and not you personally.
What if in a subject to deal you make the old homeowner 100% trustee and attach a “assignment of beneficial interest” document to the trust assigning all rights to you?
@53newhouse68
Жыл бұрын
Did anyone answer this question? Seems like a good strategy, not sure if it’s legal.
How do I obtain a land trust,where do I get it from,do I just make it up myself...Great Video!!!
@TobyMathis
4 жыл бұрын
Hi there, it is advisable to have an experienced, licensed professional prepare your land trust documents. You may contact our offices to do so or you may contact an experienced, licensed professional in your area. A good resource is the lawyer referral service, if available, provided by the State Bar in your area.
@aidacaceres586
2 жыл бұрын
@@TobyMathis what is your number, and can you do a trust in different estates?
So, how do you find out who owns the trust or created it or is the beneficiary?
@TobyMathis
4 ай бұрын
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Visit: aba.link/bfb095
When you buy real estate under the land trust, where and who will get the property tax bill?
@TobyMathis
2 жыл бұрын
Trustee will receive the bill at whatever address is on the deed
Hello, I have a property which owns by my land trust and the beneficially of land trust is my name, now if i want my kids to be part of this property, what can I do that if something happens to me they can be in charge?
@TobyMathis
Жыл бұрын
Hi John, thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
in your example you used "10 properties." Would you put all 10 properties in one trust, or build a trust for each?
@aidacaceres586
2 жыл бұрын
I have the same question, who can answer it?
@sir_gil
6 ай бұрын
He may have more videos explaining this dive deep 🤿
Can you make a video on how to create a "trust"? Please
@TobyMathis
6 ай бұрын
Thank you for your suggestion =)
Can I put a townhome in a land trust and the beneficiary into an LLC while it's under a conventional loan? I know that moving the rental directly into an LLC while paying the loan it goes against the lender rules.
@aidacaceres586
2 жыл бұрын
LLC if is paid, trust if you have mortgage
You may be the perfect person to opine on the strategy of buying properties, and assuming "non-assumable" loans. In other words, not telling the bank, just buying the house, making the remaining payments on the lower interest mortgage, and knowing that the mortgage companies, as a rule, do not call the loans due. Is that a strategy you can believe? One guy says he's had 5 loans called among many hundreds of assumed loans. What say you?
What names should be listed on the title insurance when the property purchased under the land trust
@TobyMathis
2 жыл бұрын
Trustee name, Trustee of the ABC Trust
@johnb9710
2 жыл бұрын
@@TobyMathis Why most people do like this on the land trust ABC Trust, 123 Trustee
Can you put a land contract into a land trust?
@TobyMathis
Ай бұрын
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. aba.link/bfb095
Like most cemeteries.
exactly what i need for some minimally responsible adult kids
To name a land trust do we have to check with IRS or state or anywhere to make sure no one has that name? Is it enough to leave a copy with a lawyer? Thanks so much!
@TobyMathis
2 жыл бұрын
No, since land trusts are not part of the public record no name search needs to be done, you can simply use whatever name you'd like. Our standard practice is to simply use the street address for the property that will be held in that trust. And you shouldn't need to leave a copy of the trust with anyone. You will simply have the trust created and then transfer the ownership of the property into the trust through the use of a deed, just like any other property transfer.
How would I use this for asset protection????
@TobyMathis
4 жыл бұрын
Land trusts generally do not provide asset protection so to get asset protection we will generally link the land trust to an LLC by assigning the beneficial interest of the trust to the LLC.
@josely26
2 жыл бұрын
@@TobyMathis Why would it not protect if trust is all together private?
How may I contact you?
How does this effect heirs and step up in basis when the original owner dies?
get second opinion with this lawyer video: Land Trust vs LLC to Hold Property
How did contact you
@TobyMathis
7 ай бұрын
You can reach out to our team by scheduling a free strategy session and receive business planning tips: aba.link/bfb095
Hummm? I was looking for Trust land…….in Native American stance.
Lance WallachAbusive tax shelters, 419, section 79, 412i micro captive insurance, VEBA, expert witness, author, speaker48m • 48 minutes ago IRS Warns Taxpayers to Exit Captive Insurance TransactionsAs previously noted, the IRS has warned taxpayers numerous times to consider exiting these transactions and consult with an independent tax advisor on next steps. The IRS previously issued letter 6336 to those taxpayers identified in having the reportable transaction listed on their return. The letter asks the taxpayer to state whether the captive is discontinued or the last year of deductions taken, or invites them to file a corrected amended return. google Lance Wallach and whoever is selling you this IRS audit target. Who do YOU trust?