In this video Ron explains Land trusts and gives a step by step walk through of them. Watch Ron show you how to take title in the video below.
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Great explanation Ron. Thank you for all the forms you supply us.
great forms
Where did you get the forms KJ? I was wondering were would you get the paperwork to get so when we do buy a property sub to, where would we get the paperwork. I wonder if these forms can be found in the agreements section of the gold club.
@Matthew Hell I assume you have done a GC search and found the forms for subject to in the forms section? It is good to have them handy if you need one
I finally understand Land Trusts. Thanks!
Thanks Ron
Question: Do I need an LLC to deed/ transfer my primary residence into a land trust here in California via the Grant Deed to Trustee? – does anyone have experience with how the owner fills out the deed form –
must I have an LLC first to deed primary home into land trust?
Thank u Ron for a great chunk of land trust information!
Question: so it appears I need an LLC in order to deed/ transfer my primary residence into a land trust here in California ( via the Grant Deed to Trustee)- my goal is to avoid probate… – does anyone have experience With transferring their primary residence jointly owned into a land trust here in California?
LLCs in California is an $800.00 annual expense..
As I understand this, I need an LLC first to deed primary property/home into land trust?
Thank u Ron for a great chunk of land trust information!
Good morning! Your question has been answered in the following episode of ‘Ask Ron’.
https://www.ronsgoldclub.com/resources/articles-and-reports/gold-club-weekly-report/2023-04-21-ask-ron
Thank again Ron!!! Your training is well worth it!! Having access to the forms saves alot of time!!!
This is also a great way to hold property if you have a student going to college. It exempts the property from being considered in the formula for financial aid.
@Ron Caruthers This is a great way to hold property since it exempts the property from being considered in the formula for financial aid and every dollar does indeed count for school these days
Every dollar
Wow, that video is great. Ron’s teaching style just makes it so easy to understand. Go Gold Club.
So easy
@CHRISTOPHER PALUSZCZAK It is true that Ron’s teaching style makes it easy to understand since he has such a low tolerance for bovine scatology from others.
Excellent!
Thanks for sharing this great info!
thank you ron for all the information you
make easy to understand
@Cresencio Mandujano with the no Bull Sh#t approach Ron puts to his teaching style it is no wonder most can learn from him very easily and enjoy the message. Enjoy it while you can
Great Video
Thanks Ron
Great stuff – thanks Ron!
When you want to assign the Land Trust to another investor – what proof do they have that you are the beneficiary to the property? Is it worth the time if the investor doesn’t understand and doesn’t want to buy this way?
If they don’t want to buy from the land trust – or have the beneficiary interest assigned to them – how do you make the transaction work?
Good question I put a California LLC that takes care of the problem
@Taj Mohamed KJ has a great solution for his part of the country but i think it also points out more than ever you need to always settle with a real estate attorney who has your back!
Awesome info.
very interesting topic the land trust and the protection that they provide
@Mr. Ross you are right this is a truly very interesting topic. Learning how to leverage what the land trust and the protection that they provide in deals can save you a great deal of time and money
is the form on the site anywhere
Ron real good info!
@Chuck Powell you are so very right Chuck Powell the land trust and the protections they provide for you after taking control of the property make it a no brainer if the quesiton is do it or no
Thanks Ron for this great video!
It seems like using Land Trust is a good idea.
@Miko Rudzki I think you are under stating it quite a bit Miko. this seems like using Land Trust is more than a good idea if you are taking title it is the best idea short of the home being free and clear and they simply sign over the deed
Thank you for making this easy to understand.
@ Ron Caruthers you are right Ron the big papa Ron made this very easy to understand the process but let’s face it the main thing is get it done at a lawyers office
Great!
Loved watching this one
@KJ Roberts you are correct KJ Roberts this video like most of the others here on the gold club is worthy of being watched again and again for the money making content that is right there for the taking
This is also a great way to “wholesale” REO properties. Instead of assigning your contract to your buyer, you simply assign your beneficial interest. Helps avoid transactional or private lender fees for a same day closing!
@ James Baxendale that is a clever idea as long as the local and state laws do not have any restrictions against it wholeselling REO properties is a great idea
I think Ron has a site called take the deed.com. I just won a book at my local reia on land trusts and it had an audio cd in it. I never knew how important it was untill now. Glad its on this training.
@ Matthew Hell you are so right it is very important how you take control of the property especially if you live in a high cost transfer state like Maryland
Does anyone know if Ron has extra courses on how to put properties in land trusts. I read the book I got at my local REIA but it’s still not everything I need to make it clear.
Can anyone recommend any books on land trusts too?
Thanks
@ Matthew Hell he does refer to the basics in a few of his courses on land trust use but he says all the time to refer to your local attorney as both state and local laws can impact the transfer and it’s costs
Precious informations!
@E-Consulting Services, Inc I agree with you on this one. This video has the potential of being money in the bank if you just listen to what Ron says and do what he says to do
Whoever was filming, the camera was making too much noise moving around and it was distracting, other than that the information is priceless….thanks Ron!
I own rental property in my personal name. Would it be better to quit-claim the property into a land trust name or use the Warranty Deed to Trust? Or is the Warranty Deed to Trust only used for purchase sales?
This is not true. Land Trusts are merely a smokescreen. Yes, they provide privacy from anyone doing a search of the public records, but they don’t provide any privacy when it really matters, when you have someone that has hired an attorney to bring a lawsuit against you. An attorney can easily get a court order to reach through the land trusts to find the real owner of a property – the Beneficiary. And if I heard Ron correctly, he said that he uses his entity as his Trustee and is the Beneficiary personally. That means that he owns his properties PERSONALLY (as he said, the Trustee and the Beneficiary can’t be the same entity or you don’t have a trust). The Beneficiary of a Land Trust is the owner of the property. So if you personally are the Beneficiary, then you personally own the property, and the scenario that Ron described about owning 10 different properties and having a fire in one of them and a judgment attaching to all of them (because the judgment attaches to everything you own), would apply in that case, if you personally are the Beneficiary of each of your Land Trusts. However, if you put your LLC as the Beneficiary, then your LLC owns the property, and with an LLC you have asset protection. In other words, they wouldn’t be able to attach a judgment to anything other than what that particular LLC owns. So if you only have one LLC and it owns all 10 of your properties, then the judgment would attach to all ten of them, but if you have a few different LLCs, then they wouldn’t be able to go after any of the properties that are outside the one that got the judgment. (I’m not an attorney and I’m not 100% on this, but I’m 99.9% sure I’m right).
This makes sense. And it’s critical info. I will ask Ron for clarification. Tx for sharing your thoughts.
If what you say is in fact correct it makes sense if you are going to hold onto the property and do not want to transfer it to a buyer. Protection can be provided with LLC as the Trustee provided the investor knows to only hold a few properties in a single LLC.
Wow Todd. That’s one big chunk of information. Thanks.
One big chunk of BS. By saying you PERSONALLY own a property titled in a trust or an LLC, he shows that he knows nothing about the subject.
lol…you guys crack me up. I love reading these replies. I sometimes feel like I’m back in Reality TV Land.lol
Not bs. A land trust is a revocable trust and if an attorney locates the owner can make you take it back out of trust and include it in lawsuit. Not sure why you would make that comment
Just got my new bi focals. Ron looks and sounds better in them.
Can you do a Warranty Deed directly to the Trust instead of to the Trustee??
Todd, I just read your post and I’ll have to watch the video again and compare what you’re saying (not to challenge you, but for the purpose of clarity on my end because I have no experience with this). This is a good reason to talk to someone about asset protection, not just protection from those who want to take what I’ve earned, but those who can help me protect what I’ve earned FROM those who want to take it. Good post and video.
Great reply, William. You are very cordial and polite in questioning someone’s opinion…I like that. Please let me know what you’ve discovered so we can all learn and protect ourselves.
Please let me know: Are any attorneys in Maryland that understand Land Trusts?? Aside from deals, I want to do some estate planning for our mother.
Good information to ask your attorney.
Great video
ExSELLent again Ron
I like that it isn’t in your name, but an Entity. CYA as you always say…….Great advise.
This is SUCH a simple way to cover our assets! I’ll definitely be using this strategy to keep my name off the books with any property that I’m taking title to, INCLUDING my own home!
That’s What I Wanted To Here! Next
Ron
Outstanding information, this allow for those of us beginner on a limited budget to be protect from the get go.
Thank you
I like that we can transfer ownership with just an assignment!
Great review. Another must if you’re investing in RE. Tx
Enjoyed again. tx
Ron is correct in CA we use a Grant Deed to transfer title to the Trustee.
Great Video
Thanks so much for insight on land trust, I’ll do so.
Happy & safe Independence Day with your fsmily & friends!
This is very helpful to me, as I need to put a property in one and do a deal soon.
At 3:20, Ron says he is going to explain how to take title from a foreclosure sale into a land trust, but he never came back to that topic. Can that be addressed? Thank you,
Dan
Ron explains this so well. Scary how vulnerable we are without it.
I understand why so many people get confused by land trusts… Even attorneys have no idea what they are and how to use it. I’ve asked a couple and their response was… HHuuuhhh???
LOL Does that surprise you? My whole family is full of attorneys and Superior Court Judges and most of them haven’t a clue on much of anything:)
So an entity that u own can take title to a house in a land trust can that same entity take title to other houses at the same time or does it have to b a different LLC
Ur LLC is the trustee and you are the beneficiary meaning ur LLC owns the land trust and u own the LLC
So if the trustee of your land trust is your LLC u should not have any money going in and out of that LLC for the house it should be done with your LLC that is the beneficiary.
Land Trusts offer a simple way to protect your privacy, shield you and your assets from liability and enable easy transfer of title to investors. A Warranty Deed To Trustee gets filed with the courthouse listing the Trustee (your designated LLC). An agreement for Declaration of Trust (not filed in court) is prepared to define the terms of the Trust, designating the Beneficiary and Trustee. When receiving property from the Seller into the land Trust, the Seller signs the Deed (which is prepared by an attorney). It’s recommended to put each property in a separate Land Trust so they are insulated from judgments either on you or liability stemming from other properties. What a simple and FREE way protect your deals!
Very nice, Brad. Thank you for the synopsis. You are quite skilled in writing…perhaps you should write a book:)