Hey Moguls, Mr. Land Trust, Randy Hughes, here…
I write and teach a lot about the many benefits to using a Land Trust to hold title to real estate investments. In fact, it’s my specialty. I’ve written a terrific series full of helpful lessons explaining all there is to know about Land Trusts. Check it out from the beginning with Part 1.
Look, there is a lot of misinformation in the marketplace about Land Trusts and a lot of bad advice given regarding these title holding trusts. After using these trusts for over 30 years, I have found that the myths outnumber the facts.
So, in today’s lesson, I will dispel some of the myths that I hear over and over.
Let’s get to it…
MYTH: My lender will not let me close my deal using a Land Trust (LT)
Truth: This depends on if you are using borrowed…
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.