Keep Moving Forward! is my mantra, my battle cry. It’s my reminder that when we lose money as real estate investors, we need to accept and learn how to keep our wits about us - if we are to survive and continue investing. It might help you, too!
Trusts: Attorney Lynda Sands concludes her discussion of various types of trusts, asset protection, and privacy. This is CRITICAL information for all new and experienced real estate investors throughout the US!
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Here’s the conclusion of our discussion with Attorney Lynda Sands. Part 1 came out about a month ago. However, I attended the Tony Robbins’ Date With Destiny here in Palm Springs, where I screamed my voice out, and then we got into the holidays, and celebrated my birthday! Sorry for the delay.
Another way for people to begin building their own capital: Wholesaling Real Estate- the process of placing a property under contract for purchase, and then assigning it to an end buyer for a higher amount than the contracted price. The is the assignment fee. So you’re ‘wholesaling’ the property to another investor.
A really powerful way to flip short-sale and REO homes is to use a Trust to Purchase the property!
If you’d like to contact Lynda, please go to AssetSentryLegal.com
If you’d like to comment on this episode, please scroll down to the comments section. Feel free to ask a question, or even suggest a topic you want to know more about. Here are some of the people and companies that Lynda suggested in the interview:
Mark Warda – a Great book: Land Trusts for Privacy and Profit
Randy Hughes – Has a great course on Land Trusts
Ward Hanigan – Attorney, Foreclosures & 1031 Exchanges
Exiter – Serves as Trustee for Land Trusts
Equity Holding Company – Serves as Trustee for Land Trusts
Bill Gatten – Another course on Land Trusts
Its a tremendous help if you would rate my podcast on iTunes: https://itunes.apple.com/us/podcast/discreet-investor-podcast/id737369154
Today’s episode is an interview on the use of trusts with attorney Lynda Sands. If you’re not familiar with the use of trusts as a real estate investor, you DO NOT want to miss this!
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We begin with Listener Questions. This is YOUR chance to participate in the conversation, to get your questions answered, or maybe get some feedback on a deal. You can also suggest a topic that you’re interested in learning about.
Today’s question was from Kimberly Rushing at White Feather Investments in San Bernardino, CA. You can find them here at www.whitefeatherinvestments.com
Now, a couple of questions for you, the listeners:
- What’s the biggest reason for NOT having your properties in individual Trusts – is it the perceived cost, time, or perhaps you don’t know who to go to that will effectively teach you what you need to know?
- If you do have a trust, do you have it named correctly?
To answer these, please scroll down to the comment section.
The interview with Lynda discussed the history of trusts, the various types of trusts, and the different people involved in making a trust.
In last episode, I said I was going to provide a few tips on getting capital of your own, but because this interview went longer than I expected, we didn’t have time this week. I’ll make sure to get it into episode 006.
Its a tremendous help if you would rate my podcast on iTunes. This helps the visibility for people who have yet discovered it.
Finally, If you’d like to comment on this episode, please scroll down to the comments section. Feel free to leave a comment, ask a question, or suggest a topic you want to know more about.
Thanks again for listening, we’ll be back next week with part 2 of the interview with Lynda Sands. And – Keep Moving Forward, my friends!
This week’s podcast episode is designed to help new real estate investors understand how to find money for their projects, and how to prepare to get your deals funded. If you’ve been trying to get your first project under your belt, or maybe even your 20th deal, this is the episode you’ve been waiting for.