The When, How, and Why of Land Trusts for Real Estate Investors | Clint Coons Q&A

Published 2022-05-12
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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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#LandTrusts #RealEstateInvestors

All Comments (21)
  • @melmel472
    Best seminar ever. Clear, detailed, knowledgeable
  • Happy Thanksgiving! We are very grateful for your high quality educational YouTube videos! They are very helpful and useful for understanding real estate activities! Many thanks to you, Toby and your team for all the contributions to our education!
  • @Younes07770
    You're very pleasant to listen to and your explanations are easy to understand. Thank you for the wealth of great information. I'm looking forward to seeing your other videos!
  • @organizer14
    Could you explain how Land Trust will deposit money in bank, or on IRS tax returns or Washington DC tax returns, on property title deed, etc? Thank you!
  • @hisserver
    Hi Clint, Amazing content as aways. Thank you. How to use your services to prep the land trust document for FL?
  • Not sure about other states, but in Arizona the beneficiary of a Trust must be disclosed on the deed. I'm wondering what would be the work around would be in such instances. Perhaps a temporary beneficiary who then assigns their interest to myself after recording to protect anonymity? I would think one could do something similar by amending the Land Trust's Trustee to another party as well? Curious what your thoughts are related?
  • Clint do I need to held property on parent series LLC? And do parent need to be set as partnership or disregarded? Thank you God bless you.
  • @JH-hc5dv
    In order to maintain anonymity about being the actual owner of a property, how long is required for the Trustee/Lawyer/other individual to be in that position of The Trustee of one's property?
  • @fabiolaa3
    Hi Clint what if you already set up your LLC with your personal address and changed it to a virtual address. Is there a way you can hide that the address was changed so that they can't see the previous address? Also can closing the LLC and starting new get rid of that information?
  • What about states, like Az, that don’t recognize land trusts? How can we asset protect with trusts in those states?
  • Questions? If you set up a Wyoming LLC or New Mexico LLC. Will I need a physical address? Especially if I do not live in that state. If we set up a LLC, would it be prudent to also set up a holding company?
  • @2MarketSongs
    Hello Clint, Would you be able to assign Beneficial Interest to a Assignee, (the Assignor's family member), established before the Warranty Deed To Trustee (the investor) was recorded in land records, and as Trustee, and if all dates are the same as land trust, then trust, in Montgomery County Maryland, was recorded 3 years after date a trust is set up, will there be any issues to close, and if an original title, borrower, owner dies, the assignee is in place as a beneficiary, will the assignee be able to close on a property, even if it goes in foreclosure, but not foreclosed. The servicers of loan Mr Coop, has sent a payoff by January 3, 2023, and do not know that borrower is deceased (during COVID), and or is there any good closing companies is familiar with land trust in this state, to help close fast, please? Appreciate your Educational Purposes Only Sharing, an Alumni-Investor trained by Ron L. Referral. Peace always G
  • @hg2763
    can banks be trusted to put your trusts? weird question but makes sense
  • @AberrantArt
    Thus was amazing!!! Thank you Clint. I have one QUESTION: Can we use a WY LLC as the Beneficiary for a property in another state like Arkansas, if we DO NOT have a property management company? In the example you gave, the property management company was in the same state as the property and then paid the out of state WY LLC. In my case, i dont have a property management company to manage for me, so would i need my Beneficiary LLC, to be in Arkansas (or foreign file it the same state as the rental property)? Or can it still be a WY LLC as Beneficiary of an Arkansas rental property?
  • @JosephTremper
    Looking to purchase a rental property in NH in the next year, what are your thoughts on the best entity for rental home in NH? I will have to finance it. I believe NH has a transfer tax. Thanks for all the helpful information! -Joe
  • FL resident here, can you speak more about FL? I 'm just starting out and haven't purchased an LLC yet. Do I purchase my first LLC in Wyoming and then connect all my LLC's in different states to that LLC in Wyoming? I want inside and outside protection. Your pervious video makes me think Wyoming is the only state that has that. Plus I would think having my main LLC in a state I don't live in would be beneficial.