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Purchasing Property With a Land Trust

  Рет қаралды 117,556

Clint Coons Esq. | Real Estate Asset Protection

Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

Пікірлер: 63
@ClintCoons
@ClintCoons 2 жыл бұрын
Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. Visit: aba.link/5e6
@nuvisionenterprises8630
@nuvisionenterprises8630 7 жыл бұрын
Is there a way to obtain a copy of the materials you provided during this lecture.
@daftmo1
@daftmo1 11 жыл бұрын
Um..no worries!..you are establishing the 'Land' trust for anonymity control nothing more!..If you are looking for 'protection' establish an LLC as your 'front' for your venture.If you are looking for 'Asset + Tax consideration' you can consider establishing a 'Donor program(501c)' directed by the LLC. Some things to consider!?..
@harlemworldking7942
@harlemworldking7942 5 жыл бұрын
charles keeton Wow.u said sum gd things.. U know something....
@YakMotley
@YakMotley 7 жыл бұрын
Thanks for this video ! You saved my skin on this one!
@cris44260
@cris44260 5 жыл бұрын
This guy reminds me of you better call saul
@ALowe-d1d
@ALowe-d1d Жыл бұрын
Question the 250.000 grouping is the amount protected under the homestead act?
@ClintCoons
@ClintCoons Жыл бұрын
Depends on the state. 250k is the number associated with selling a personal residence and not being taxed.
@NicholasVaccariello-pr2cg
@NicholasVaccariello-pr2cg 3 ай бұрын
How do you find the second created trust? Subpoena the bank….. But what if they move it to a different financial institution….? The only place housing the trust would be the bank right? And the grantor/ trustee/ beneficiary but if they are trying to screw the beneficiaries they would be kept in the dark
@nicweethee
@nicweethee 8 күн бұрын
If you create an LLC entity does that have to be notarized as well?
@ClintCoons
@ClintCoons 6 күн бұрын
It does not
@LittleLikeness
@LittleLikeness 9 жыл бұрын
How could your scenario with the legitimate transfer of Assignment to another LLC, work if your notarized assignment has a filled out LLC name when dated?
@loveflying4488
@loveflying4488 5 жыл бұрын
That assignment document isn't part of public record. It is your private document. If you are willing to defraud you could shred that document and make a new copy with a new LLC listed
@donireland6218
@donireland6218 5 жыл бұрын
@@loveflying4488 I think the bugger issue would be when the lawyer asks for (and gets via discovery) the financial documentation, they'll see that LLC 1 had been receiving the funds. If LLC 2 owns the LT (as you're claiming with that assignment), then you've co-mingled funds which will invalidate and merge the LLCs.
@mariefrancois868
@mariefrancois868 3 жыл бұрын
I always wanted to know how to put a land trust to work. Thanks.
@ClintCoons
@ClintCoons 3 жыл бұрын
Glad to help
@aubreymoton9971
@aubreymoton9971 4 жыл бұрын
show me how to set up a land trust,to purchase this property.in memphis,tn ...will you help me ,by setting up a trust...
@ClintCoons
@ClintCoons 4 жыл бұрын
Yes we set up land trusts for TN real estate
@vlad220
@vlad220 10 жыл бұрын
14:50 So why exactly can't one LLC assign the trust to another LLC?
@toddsouza916
@toddsouza916 10 жыл бұрын
Good question, please explain Clint. thx
@waltermackay
@waltermackay 5 жыл бұрын
Hi Vladimir. Were you able to find the answer to your question? and also why you can't directly transfer title from one LLC to the other on 13:00?
@loveflying4488
@loveflying4488 5 жыл бұрын
It is because doing so would constitute a change in ownership for the property. LLC1 is transferring ownership to LLC2 which may trigger a reassessment depending on jurisdiction. By having the properties within a land trust, and assigning beneficial ownership to first yourself and then LLC 2, ownership of the underlying asset is never changed. The land trust is always the legal owner of the property. What is changing is beneficial ownership.
@alliesteamc3546
@alliesteamc3546 3 жыл бұрын
How about series LLC?
@ClintCoons
@ClintCoons 3 жыл бұрын
Great tool. Check out my KZbin channel for several videos on Series LLCs
@rcruz401
@rcruz401 5 жыл бұрын
Can you still move the property into a Trust even though you have a heloc on it that you owe along with the main Mortgage?
@ClintCoons
@ClintCoons 5 жыл бұрын
Yes, you can although it may violate the due on sale clause however, this does not imply your bank will accelerate the mortgage.
@southernstatemanagement330
@southernstatemanagement330 8 жыл бұрын
how would I be able to get a copy of the land trust?? thank you really appreciate your information and your energy
@UltimateBargains
@UltimateBargains 6 жыл бұрын
2:36 "It's going to show that you're the Trustee..." No, it will show that you're the *Trustor.* Someone else, other than a beneficiary, must be nominated as the Trustee.
@zackattack4313
@zackattack4313 4 жыл бұрын
Not exactly true. You can be both trustee and beneficiary but not the SOLE beneficiary.
@user-tr8dr4nz7o
@user-tr8dr4nz7o 2 жыл бұрын
If someone sues the land trust (the owner on the title of the property) will the holdings (interest assignment of property to holdings) protect the trust? Or would there be no protection? I have heard of trusts being signed over to the victims of the cases.
@ClintCoons
@ClintCoons 2 жыл бұрын
Yes that is the purpose of the assignment - to make the LLC pick up the liability and not you personally.
@Bey11ktb
@Bey11ktb 3 жыл бұрын
Trust are 30 pages long??
@ClintCoons
@ClintCoons 3 жыл бұрын
They can be
@mytunes2922
@mytunes2922 3 жыл бұрын
Hi Clint, While researching Land Trusts i came across a publication by Washington & Lee University School of Law that states that the beneficiary does not hold legal or equitable title in a land trust. The beneficiaries interest is treated as personal property. Which would imply that it is immune from personal debts just like other personal property is treated. Is that true or is there something more to that ?
@ClintCoons
@ClintCoons 3 жыл бұрын
Not at all. Sherif's sale is all you need to take someone's personal property. This assumes you have a judgment you are executing on.
@mytunes2922
@mytunes2922 3 жыл бұрын
@@ClintCoons Thank you
@JonathanScheele
@JonathanScheele 5 жыл бұрын
The statute [12 USC 1701j-3(d)(8)] and the federal regulation [12 C.F.R. 591.5 (b)(vi)] say the transfer of a home into an inter vivos trust does not trigger the due-on-sale clause. However, the borrower must remain the beneficiary and must be an occupant. If you use a land trust on a non-owner occupied property, you are not protected from the due on sale clause. Statute "...a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property;" Regulation "A transfer into an inter vivos trust in which the borrower is and remains the beneficiary and occupant of the property, unless, as a condition precedent to such transfer, the borrower refuses to provide the lender with reasonable means acceptable to the lender by which the lender will be assured of timely notice of any subsequent transfer of the beneficial interest or change in occupancy"
@jeffokoro4703
@jeffokoro4703 5 жыл бұрын
Great content
@pamlogan6920
@pamlogan6920 4 жыл бұрын
I’ve tried to do business with this company and had an appointment with a non attorney sales person that was giving me legal advice. No, I’m not rolling with it Next!
@augustoortizdevillate9992
@augustoortizdevillate9992 3 жыл бұрын
who are you doing business with? I need someone to help me with these things
@jasonclearfield3065
@jasonclearfield3065 4 жыл бұрын
dude looks like if John Cena and Saul Goodman had a lawyer
@cris44260
@cris44260 5 жыл бұрын
Is this a course I can take from this guy?
@ClintCoons
@ClintCoons 5 жыл бұрын
Yes andersonadvisors.com/bulletproof-ss/
@aprilkeller3861
@aprilkeller3861 5 жыл бұрын
Are you able to answer a question quickly if I ask
@ClintCoons
@ClintCoons 5 жыл бұрын
huh?
@aprilkeller3861
@aprilkeller3861 5 жыл бұрын
@@ClintCoons got it figured out but thank you for reply
@donireland6218
@donireland6218 5 жыл бұрын
Is there a way to buy directly in the name of the trust without having to set up a bank account? I'd rather not have to setup an account for ever LT if I can avoid it.
@ClintCoons
@ClintCoons 5 жыл бұрын
Yes if you are buying for cash
@donireland6218
@donireland6218 5 жыл бұрын
@@ClintCoons I knew I had to use cash. But I thought you said in the video that I'd have to put the cash in the LT's bank account and use that to buy the property.
@ClintCoons
@ClintCoons 5 жыл бұрын
@@donireland6218 You do not. Many people fund it with cash from other sources e.g., personal account or LLC account.
@donireland6218
@donireland6218 5 жыл бұрын
@@ClintCoons at 0:50, you said that I'd need to have a bank account in the name of the trust.
@ALowe-d1d
@ALowe-d1d Жыл бұрын
We need to talk.
@ClintCoons
@ClintCoons Жыл бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@guloguloguy
@guloguloguy 7 жыл бұрын
WHERE/HOW does One even begin to understand and control One's business, and personal finances, properly, and effectively, within the MAZE of rules, and regulations, that thwart the little guy?!.......
@tmonique11
@tmonique11 6 жыл бұрын
guloguloguy hire a financial advisor lol
@zackattack4313
@zackattack4313 4 жыл бұрын
On the private side 🤔
@gearschwinn585
@gearschwinn585 5 жыл бұрын
20 properties(=) 20 land trust? Seriously!!!
@ClintCoons
@ClintCoons 5 жыл бұрын
Think of it another way. How many properties would you be willing to lose in a lawsuit - 3, 5, 10, 20? Your answer will determine the level of protection you should consider.
@mgmtcp
@mgmtcp 3 жыл бұрын
Lol great point
@isabelduarte8656
@isabelduarte8656 5 жыл бұрын
I hear you . Yes cousin my name off my Father and mother deed of Trust on the deed can see my name wow I have try to get help that cousin fraud forgerty my name wow. Now I am down in out. Can't hang no more after all these years living a free life in both my deseced parent porperty. I can be at home. Wow . Thank you Sir.
@ClintCoons
@ClintCoons 5 жыл бұрын
Horrible situation and unfortunately it is more common than many people realize.
@renzob.4501
@renzob.4501 3 жыл бұрын
This is Biblical!!!
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