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Land Trust

Wednesday, November 20, 2002 @ 12:49 PM EST Printer Friendly Page  Printer Friendly Page
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Contributed by: Michelle

Michelle Properties

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Can someone explain to me exactly how the Land Trust works. I am thinking of putting my own home along with a rental property I just purchased into a land trust (seperate of course). I spoke with an attorney who is also a Real Estate Broker and he informed me that the Land Trust was a bunch of BS. That I must be listening to those get rich books and tapes. Wanted to get some insight and positive feedback if there is any from savvy REI's. Any comments or suggetions would be very helpful.
 
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Re: BS. Attys. and LandTrust! (Score: 1)
by jill on Saturday, August 23, 2003 @ 08:06 PM EDT

Derrick,

You are absolutely correct about using attornies who have educated themselves regarding Land Trusts.

I do not know much about Real Estate Investing, but I do know that I do not want to pay to educate an attorney regarding real estate investing.

My suggestion is to search the attorney referral services listed in the phone book; for a fee of $30.00, you can receive a call from an attorney who specializes in real estate transactions, if you can find an attorney who is also a CPA all the better.

I have located an attorney who specializes in Trusts of all kinds, real estate transactions and who is a lso a CPA.

My appointment is a week away, but for $30.00, I have his time for thirty minutes.via a conference call.

I am ready with all my questions crammed on a legal tablet. I am going to pick his brain and make the most out of the time.

When all my questions are answered, I will post the information so many can benefit.

Sincerely,

ill
Fresno California
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  • Re: BS. Attys. and LandTrust! by DerrickAli on Monday, August 25, 2003 @ 02:29 PM EDT



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