Land Trust vs LLC To Hold Rental Property

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Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

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This video will help you navigate through the confusion by explaining the key disparities, advantages, and factors to think about when deciding between LLCs and land trusts for holding rental property.
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Show Notes:
0:00 Land Trust vs LLC
1:18 Asset Protection and Taxes
3:41 The Main Differences For Holding Real Estate
7:14 Due-on-Sale Clause
10:50 Nominee Trustee and Anonymity
12:40 Closing Notes
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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.
#llc #landtrust #rentalproperty #realestateinvestor

Пікірлер: 58

@steveh1460 4 ай бұрын

Another great conent filled video. Thanks

@duracell87 4 ай бұрын

Thanks for the video

@robbiemonteesi2259 4 ай бұрын

Always a land trust for your personal home. As for investment properties; you want a trust designed around 643b of the IRC. Irrevocable, non-grantor, complex, Discretionary, Spendthrift trust.

@OlaCustoms 4 ай бұрын

Clint, just wanted to let you know that your videos have been extremely valuable over the years and I have learned so much from you that I will be implementing on my journey. Thank you for all your work and the valuable information!

@ClintCoons 4 ай бұрын

Glad to help

@vivianlopez1566 4 ай бұрын

Thank you ❤ so much, Clint!

@AnthonyBove 4 ай бұрын

Looking forward to my call with you guys tomorrow, also just subscribed

@ClintCoons 4 ай бұрын

Awesome! Thank you!

@antonthemanton1 4 ай бұрын

Great note about Florida Land Trusts!

@ClintCoons 4 ай бұрын

They are great. The only entity I like to use for FL real estate.

@rgp3r3z Ай бұрын

Thank you for sharing, this is vital!

@ClintCoons Ай бұрын

Glad it was helpful

@melhoresprodutos8899 4 ай бұрын

Clint is Top Notch Professor and Lawyer.

@ChrisMonroeSTL 4 ай бұрын

I hold all of my properties in trusts. One trust per one property 😊 Grantor Revocable Trust 🏠

@johnb9710 4 ай бұрын

its really hard to get insurance under the land trust in California

@ClintCoons 4 ай бұрын

Its hard to get any insurance in California but have you tried National Real Estate Insurance Group?

@hisserver 2 ай бұрын

Hi Clint, another great video thank you so much. Your information is always clear and to the point. Drilling down on the flexibility in later selling the property where the original trustee is not available, can I use my Wyoming holding LLC which already owns three of my Pennsylvania LLC’s as the trustee of the Pennsylvania land trust or should I set up a standalone Wyomi LLC to be the trustee, and what’s the reason for one versus the other?

@ClintCoons 2 ай бұрын

Set up a stand alone. I would not use my holding LLC

@Lt_Jordan93 2 ай бұрын

To get full anonymity, does someone else have set up the Wyoming LLC and Land Trust? Can I structure them myself? Very helpful videos.

@Darrell_lewis_massage_realtor 4 ай бұрын

So FINCEN is a nuisance but does not linkup to LEXISNEXIS or public record?

@ClintCoons 4 ай бұрын

Correct

@stevennguyen2879 4 ай бұрын

Can a land trust prevent your property from a probate sale like the revocable living trust?

@ClintCoons 4 ай бұрын

Yes it could depending on how it is drafted

@anikdas6964 4 ай бұрын

Your videos are amazing. I really like it. I am a new subscriber to your channel. Can I talk with you Clint?

@lordsonic4567 4 ай бұрын

Can my WY Holding Co be the Land trusts, Trustee?

@vcliment89 4 ай бұрын

I've been wondering the same. Following

@ClintCoons 4 ай бұрын

Yes. We set them up this way all the time.

@shawnm2405 4 ай бұрын

Do you have any videos taking about putting a personal bank account, insurance, brokerage, retirement, etc in a trust and/or llc (parent company/holding group)?

@ClintCoons 4 ай бұрын

Yes several.

@m3gaman00 Ай бұрын

in CA if I add my rental income property to a using a Warrant deed does that protect me from the bank reassessing and calling the loan or try to restructure the loan?

@ClintCoons Ай бұрын

The type of deed does not control whether a bank enforces the due on-sale clause.

@javonne2561 4 ай бұрын

Please consider a dark mode for your writing. Love your channel!

@henry222ist 2 ай бұрын

So the way I am understanding it, set up a land trust that is owned by an LLC and put your properties in the land trust to avoid DOS and possibly other transfer fees. Is that right Clint?

@ClintCoons 2 ай бұрын

Correct

@henry222ist 2 ай бұрын

I watched another of your video where you said each house should have it's own LLC. So under this method, should each house have it's own land trust? Or put all the houses in one land trust?

@InStartFinishes 4 ай бұрын

Hi Clint, great name by the way. I had my attorney set up my properties through LLC protection and he structured it so they were all under a Wyoming LLC entity structure. However, I have a California LLC where I live under a different name that filters all the money going in and out. The way I see your point here you’re saying I’m doing it backwards. I’d love to keep my entities out of California all together but I live here and do the majority of my business here and have multiple California LLCs to the tune of $800 a year minimum.

@ClintCoons 4 ай бұрын

It might makes sense to change it up to save $$$

@kstevenson3504 4 ай бұрын

I checked Fannie Mae's website. One of my properties is listed. How do I know if they own the loan or the bank still owns it?

@ClintCoons 3 ай бұрын

If it is listed then its owned by FM.

@kstevenson3504 3 ай бұрын

@@ClintCoons I just got a letter. My new house was purchased by FM. :D :D

@kstevenson3504 4 ай бұрын

If an LLC holds the beneficial interest of a property in a land trust, can't a judge grant the plaintiff control of the land trust and dump the LLC? How then does it provide asset protection?

@eliegeorges7490 Ай бұрын

If I set up a land trust in Florida, do I have all the protections that I need?

@ClintCoons Ай бұрын

I would still recommend you connect with my team for a free consultation to learn the best asset protection strategy. aba.link/ojc

@jaygiddings324 Ай бұрын

Can you transfer land owned personally into a Land Trust, sell it and then re-invest it to avoid taxation on the sale?

@ClintCoons Ай бұрын

A land trust will not change the tax treatment

@Alex-kd6op 2 ай бұрын

Sounds like a good form of protection is to place the property in a land trust, which is then placed under the LLC, right?

@ClintCoons 2 ай бұрын

Correct

@robbie2576 4 ай бұрын

Can a revocable trust name it's beneficiary to an irrevocable, non-grantor trust? or make the Irrevocable trust a successor trustee? 2 questions comment.

@ClintCoons 3 ай бұрын

Yes you can

@BrandonLee-zr8zc 4 ай бұрын

Clint, you keep mentioning how Pennsylvania is an odd duck out of the States. Do you think you could do a video on things to do and not do when it comes to Pennsylvania?

@ClintCoons 4 ай бұрын

I recommend using a pocket deed in PA to transfer property and avoid the transfer fee.

@Mis-AdventureCH 4 ай бұрын

Great event last week!

@ClintCoons 4 ай бұрын

happy you we able to attend

@Mis-AdventureCH 4 ай бұрын

@@ClintCoons It was def like drinking from a fire hose, but the infomation presented and the connections I made with people was well worth the trip! Will def attend again.