How do I create a land trust for my real estate investments?
Uknown asked:
For example where do I go or whose assistance do I need or what paperwork is needed for me to put a property in a land trust that I bought and then the land trust sell it to a buyer and then I take the profit??
What kind of attorney (specifically) do I need (to set up a land trust for a double closing) and where do I go or what website can I find them to “hire” one?
For example where do I go or whose assistance do I need or what paperwork is needed for me to put a property in a land trust that I bought and then the land trust sell it to a buyer and then I take the profit??
What kind of attorney (specifically) do I need (to set up a land trust for a double closing) and where do I go or what website can I find them to “hire” one?
bostonianinmo:
You need an attorney for that. But I do have to ask what you expect to gain from this. A trust can be beneficial for holding real estate assets such as a significant rental property portfolio but as a pass-through entity merely for buy and sell it’s of much less value given the costs involved.
February 20, 2009, 8:15 pm