Well, Moguls, today’s awesome lesson is a continuation of a terrific series from Mr. Land Trust, Randy Hughes. He’s back today with Part 6in which he talks us through finding the right Land Trust Director.
By the way, if you need to catch up, start here with Part 1. Randy’s given us loads of great info already.
In his last lesson, Randy discussed the many ways that the Beneficial Interest of a Land Trust (a personal property interest) can be held. Many real estate investors choose to make their Limited Liability Company the Beneficiary of their Land Trust. Since the liability on the property held inside a Land Trust flows through to the Beneficiary, it is a good asset-protection technique to use an entity as your Beneficiary.
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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.