Hey there Moguls, Randy Hughes is back with us today with another informative installment in his awesome series about Land Trusts. Randy knows Land Trusts in and out, backwards and forwards – and that, friends, is why this expert is even called Mr. Land Trust. Rather fitting, huh?
Land Trusts can be a little tricky to understand, but not when Mr. Land Trust is on our side to break them down into easy-to-understand lessons. If you want to start from the beginning, here’s Part 1.
Last time, Randy talked about the controversy over the best way to hold title. He explored the pros and cons to holding title as a Limited Liability Company (LLC) vs. Land Trust. (Hopefully by now you realize it is NOT good to hold title in your own name.)
So for now, we’re gonna let Randy take it away from here…
From Randy Hughes…
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Randy Hughes
bought his first single family home for rental while in college in 1969 and hasnít looked back since. Heís since purchased over 200 houses, and has developed a special expertise focused on how to protect your assets and how to become more private with your personal life through the creative, 100% legal and ethical use of Land Trusts. On the topic, Randy has written extensively for national real estate publications, has published a number of Privacy and Asset Protection books including Land Trusts Made Simple, and has been a licensed Continuing Ed Instructor for the Illinois Assoc. of Realtors for 20+ years. He even teaches land trust law and administration to attorneys.