Buying Property with a Land Trust

In this video, I discuss how to buy real estate using a land trust and the effect of having an LLC as your trustee or beneficiary of your land trust. If you are considering establishing a land trust then this video will explain how you should take title to real estate when using this tool.

Questions or requests for a video topic are always welcome!

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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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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.

[davidmolinaamar]

You could also set up a PTC private Trust company to act as trustee in all your land trusts

[EdgarRamirez-fugo]

Great videos. Questions.
1. Should one buy with an LLC and then put it in a land trust? Or buy in a land trust and then put it in llc?
2. If I buy with a land trust and have the llc as the trustee, can one use the checking account of the llc to close? Or does it have to be the land trusts checking account or ones own?
3. The trustee llc, could there be a problem if one uses a wyoming llc as trustee to purchase with a land trust in another state? Would one have to create an llc owned by the wy llc in that state?

Thanks. Highly considering you guys.

[JasonY]

You should make a video where if you new everything you know now an went back to age 18 how you would start an get the ball rolling, I’m 18 an really wanna real estate invest but not 100% how to start be sides finding a house an renovating it.

[jonathanshanksjr.]

Thank you so much for your great content.

[johnb]

When you buy real estate under the land trust, where and who will get the property tax bill?

[elincolncenter]

If Manager signs papers as you suggest, then the anonimity is lost as the name will be listed on title papers?

[DonRashad]

If I were to acquire a property via subject to the existing loan in place, can you please explain how to put the property in a land trust and who to list as a trustee and beneficiary?

[danielmontalvo]

As a beneficiary to the trust (and LLC) do you HAVE to put your full name on the document as beneficiary?

[impcharts]

Clint, can "Big Profit LLC" be both the trustee and the beneficiary of the land trust, so that I don't need to create two LLCs and pay double fees? Thanks.

[amp]

Clint: Should the LLC be "Disregarded" and Would the Manager (myself) also be the Member or should the Member be a different entity that I own (Corp or LLC?

[anujchauhan]

Do we list ourself as beneficiary or the land trust?

[drbrycedavis]

How do you go about getting a HELOC with a LAND Trust or a Mortgage. Currently I have property in a S Corp which was setup incorrectly. Since it a rental would like to move it out of Corp into Land Trust with a LLC as beneficiary.

[aurelius]

Great explanation, thanks.

What is the reason that most nominee trustees wouldn't agree to sign off on debt (as you say at 2:16)? Are there potential liability concerns for the trustee?

[alliesteam]

Land trust trustee in Wash DC, you mentioned the LLC or corp need to be licensed to serve as trustee —question:- does that mean co. Is licensed to do general business in DC or co need to be a real estate brokerage corporation or legal license?

[alliesteam]

For a Wyoming LLC to be trustee what does it take “to be registered?” Thank you! For all your educational presentations!

[andylee]

Hello Clint,
I own a rental single-family house in Los Angeles which owns by my land trust name. The beneficially of land trust is my CA single member LLC.
Single-family homes and condominiums are only exempt from AB 1482 if BOTH of the following conditions apply: The property is not owned by one of the following: a real estate trust, a corporation, or an LLC with at least one corporate member.
Am I exempt from AB 1482 or not?

[idontwantachannelimjustcom]

What kind of license do you need, and how would you go about getting it?

[jarrettgilliam]

Who is the grantor in all of this? Is it the holding company?

Holding Company Grantor
WY LLC Trustee
Operating LLC Beneficiary?

[stevesutman]

CLint, I'm working on a deal for cash, no title company and no lien holder involved. The deed is titled as a land trust, and I'll be setting up a land trust to buy it. Would I be the trustee to sign contract and deed? Or can I do the deal as beneficiary? Thanks for all your introduction videos on land trusts! Also should I ask to see the current land trust from the seller, or will the notary need to see it?

[tango-bravo]

Hi, thanks for this content. Can you refer me to a video that deals with single (non-married) land investors and how to best set up a trust for a house that the investor plans to live in?