Real Estate Information |
|
Real Estate Investing - Protect Your Privacy
An irate tenant or disgruntled home-buyer, with the help of a willing attorney, can readily prompt a property search for a property owner in public records. The target of the search becomes someone who has deep-pockets as reflected in real estate assets. Land trusts are available in most states, though they differ in structure and extent of protection. Land trusts are nothing more than a legal entity that hold title to a property. One of the advantages to a land trust is that the owner of record is not you! A land trust is simply transfer of a property out of your name and placed into another entity. The land trust names a trustee to manage the trust, such as your lawyer, a friend, or relative with a different last name. The trust then owns the property, and your name is omitted from the ownership record (which is the deed or title). But you still own the trust. You are the beneficiary of the trust. Obviously, it is a little more complicated than that, but here's the bottom line. If Suzy Suehappy is aggravated with you for some reason and begins looking for your assets of record, she will have a hard time finding what you own if each of your properties are recorded in a separate land trust. Your properties would be listed under the name of the trust rather than yours. Your name would never appear in the records if each of your properties were held in the various names of your trusts. If you owned 123 Main Street where Suzy Suehappy lives, and your name is John Lucky, Suzy might go to the county clerk's office to ask for all the property that John Lucky owns. The search would be fruitless because your name could not be found. Suzy Suehappy would discover that the property is owned by 123 Main Street Trust (or whatever you wanted to name it). She would also find that no other properties are owned by 123 Main Street Trust. But if habitual trouble-maker Suzy Suehappy has a problem with property owner Jane Notsolucky, and finds all of her property of record listings in Jane's name, she has an easier target for a lawsuit. If an actual suit is brought against you by Suzy Suehappy, her attorney can demand in deposition a listing of all your property. However, in preliminary discovery efforts by Suzy or her attorney in perusing the county clerk records, maintaining anonymity can be an advantageous deterrent in asset protection. Once I had a tenant who stumbled onto the staircase landing of his second-story apartment house while drunk, broke the rail, and fell to the ground with some minor injury. He approached a prominent sue-crazy lawyer in town about his case, but I was fortunate not to face an expensive defense of myself because I was not high-profile in the county records. I assume that a review of the records did not disclose my personal name on real estate properties, and I was considered to have no recorded real assets. Asset protection has to be a concern of real estate investing, and the use of land trusts might be a consideration. I find, however, that few attorneys understand land trusts, and need education in this specialty of the law. Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.Real--Estate--Course.com/nomoneydown/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
MORE RESOURCES:
Climate change may transform Nantucket's real estate market The Boston Globe Another office building to rise within Crescent Fort Worth development The Dallas Morning News Real estate agent uncovers 'misinformation' involving major settlement that could shake up industry practices Fox Business FBI is investigating Eastside real estate firm iCap, lawyers say The Seattle Times Pummeled Blackstone Real Estate Unit Seems Poised for a Revival | Chief Investment Officer Chief Investment Officer Gisele Bündchen's Houses: A Peek Inside the Supermodel's Real Estate Portfolio Architectural Digest Three Tax-Smart Strategies for Real Estate Investing Kiplinger's Personal Finance Public records: Muskingum County, Ohio, real estate transfers Zanesville Times Recorder Real Estate Transfers: March 28, 2024 - Riverhead News Review Riverhead News Review Squatters 'claim everything to be theirs,' real estate agent says WPTV News Channel 5 West Palm Ex-LA deputy mayor Raymond Chan convicted in real estate corruption scandal South China Morning Post SRS Real Estate Partners closes $11.91 million sale of Toledo shopping center – REJournals REjournals.com Ask a real estate pro: How can I protect against wire scams? South Florida Sun Sentinel Real estate commission changes could be coming this summer Spectrum News 1 Homes for Sale in Manhattan and on Staten Island The New York Times Real Estate Transactions for March 28 Zip06.com Real estate and property management TOGETHER | Business | derbyinformer.com The Derby Informer See How Commercial Real Estate Deals Are Being Cut As Debts Mount Business Insider 8 CE credits available for real estate agents at Northern Colorado Real Estate Summit – BizWest BizWest Inside Business: Flanery: The perks of real estate ownership at tax time Estes Park Trail-Gazette Most Impactful Real Estate Leaders 2024 - Forbes Lists Forbes Middle East Homes for Sale in New York and New Jersey The New York Times The Homeowners Who Beat the National Association of Realtors The New York Times REAL ESTATE | What would you like to see happen with the old Kettle Moraine Bowl? washingtoncountyinsider.com Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure Investopedia Texas Real Estate Veterans React to NAR Settlement The Real Deal Jon Stewart benefited by 829% 'overvalue' of his NYC home even as he labels Trump's civil case 'not victimless' New York Post Alternative Wealth Partners Launches Second Fund Targeting $150M for Energy, Manufacturing, Real Estate, and ... dallasinnovates.com Skyline Report reveals continued growth in Northwest Arkansas' commercial real estate market talkbusiness.net 5 Desired Features for Vacation Rentals Real Estate Best time to sell a home is now; Philly ranks high as rental destination - The Philadelphia Inquirer Best time to sell a home is now; Philly ranks high as rental destination The Philadelphia Inquirer Real estate giant Compass to pay $57.5M to settle clams it overcharged US home sellers New York Post China Commercial Real Estate Market Projected to Reach USD 1.07 Trillion by 2029 with Strong Tech and Finance ... Yahoo Finance 'Property poetry'? Real estate ads and literature have more in common than you might think The Conversation Marquis Who's Who Honors Raquel Lavender for Success in Real Estate 24-7 Press Release Acore's US real estate debt fund gets New Mexico SIC backing IPE Real Assets State offering free flood insurance online conferences this year Island Free Press Real estate transactions in office sector down $1 billion from last year Scotsman Guide News REAL ESTATE | New $34M We Energies service center proposed in West Bend, WI washingtoncountyinsider.com Why Every Residential Real Estate Investor Is Suddenly Richer Financial Samurai The Office Market Is in Turmoil. So Why Are Rents More Expensive? The Wall Street Journal CVA Family Office LLC Invests $56000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Defense World Kingswood Wealth Advisors LLC Has $420000 Position in Vanguard Real Estate ETF (NYSEARCA:VNQ) Defense World Renting is cheaper than buying real estate: report FOX 10 News Phoenix SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Pass Below Fifty Day Moving Average of $23.83 Defense World Realtor commission change delivers a boon to homebuilders, a blow to real estate platforms Yahoo Finance New Rule Change Could Be 'Worst Thing Ever' for Realtors And Great News For Homebuyers, With This Real Estate ... Yahoo Finance Here%E2%80%99s+the+latest+real+estate+statistics+for+New+Orleans+area+home+sales+prices%2C+inventory+ ... New Orleans CityBusiness Retirees%3A+Is+it+time+to+downsize%2C+even+in+this+real+estate+market%3F New Orleans CityBusiness 4751 Shares in SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Purchased by CoreCap Advisors LLC Defense World Is The Housing Market Going To Crash? Bankrate.com Chicago Voters Reject Real Estate Tax Change to Fund Homeless Programs The New York Times High-ranking officials' wealth dips due to real estate The Korea JoongAng Daily How sweeping U.S real estate changes could impact Canada Yahoo News Canada Q Home Sales Announces Strategic Initiatives for Enhanced Real Estate Services in Rockland County Block Telegraph Citigroup Inc. Reduces Stock Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) Defense World |
RELATED ARTICLES
Rehab Foreclosed Houses the Right Way and Keep All the Profits! I've been teaching people how to buy foreclosure properties for a long time.And we all make the biggest profits on the deals that we rehab the right way. Howard Stern is Hot in Real Estate Howard Stern has over 20 property related files in Queens, 27 in Brooklyn and 1 in Manhattan. The files include mortgages, releases or satisfaction pieces, liens and powers of attorney. Buying Property in Portugal Portugal has long been a popular choice for people, particularly from the colder climates of Northern Europe, looking to purchase a holiday home or a retirement home. Traditionally they have done so using offshore companies, mainly to avoid estate taxes. Buying Property in Bulgaria : How to Avoid Making A Bad Investment Where is it possible to buy a property on your credit card? Bulgaria, of course! With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! Searching the Internet, dozens of articles and property websites boast about the 100% capital growth that can be achieved on Bulgarian property investments in the space of 12 months.For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true! The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers. Real Estate: Choose a Realtor You Can Trust Today's volatile real estate market involves complex laws and fluctuating financial conditions. Maybe you've outgrown your first home; maybe you're in the process of turning over your fourth. Horses In My Back Yard Horses In My Back Yard by Jody Hudson, with Extensive Collaboration From Chris Hudson HORSE LOVERS: During my thirty years of selling rural land, I have frequently found that folks want some acreage so that they can own and ride horses. They LOVE horses in their own mind but have little if any of the real knowledge or experience necessary to raise one or more horses. How to Use Design Psychology to Stage Your Home for a Top-Dollar Sale A new business venture to help home sellers, home staging, assists property owners in preparing their home for the best possible sale. Home stagers visit your home and either tell you how to redesign it or actually do the work for you. Buying A Holiday Home in Rural Ireland Ireland has recently witnessed an upsurge in the number of investors buying holiday homes in some of the country's most scenic areas. With stars like Jeremy Irons and Daniel Day-Lewis popping up in the quaint villages of West Cork, prices in many of these areas are at a premium. Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs There's no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime. Where To Start In Looking For A Central Illinois Realtor Central Illinois is an excellent location for families andbusinesses. Property values and local economies are growingconstantly and the wide range of available properties isimpressive. Personal Debt Can Disappear When You Set up a New Business I teach students how to set up a new business name on paper and then move their personal debt into the business name.This will dramatically improve your personal credit score and help you make money as a real estate investor. How to Make Money from the California Real Estate Gold Rush What do the Californians know that we don't?What is so special about California? Why is the average price of a house there five times higher than nationwide? Why on a salary of $100,000 per year, you can hardly afford to rent a decent apartment in the large cities there?It is true, Californians have a nice looking Pacific coastline. They also have a pleasant climate. Make Money As A Slumlord Be a slumlord? Okay, I got your attention, now the truth. I really don't recommend that anyone endanger their renters with unsafe housing. What Can I Realistically Earn In A Lease Purchase Business? If you're looking at Lease Purchasing as a business, you'll obviously want to earn much more than the $20,000 per year in our "How To Give Yourself A $20,000/Year Raise Without Asking Your Boss" article. Let's review the numbers from that article: For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. How to increase the Saleable Value of your Home When selling your home, you'll want to fetch the best price possible for your home yet it so happens in many cases, that buyers give offers that just don't meet your expectations. Of course, you will have to negotiate but you still may not end up getting how much you want. Realty Agents: Don't Ask Don't Tell? Real estate stories radiate from the water cooler and cocktail parties like a brush fire out of control. Like early stages of fires, real estate transactions start out manageable, but occasionally real estate consumers fan the flames because of inexperience, and some real estate agents misplace the water buckets. Selling Your Home Quickly, Even if You Have No Money For Repairs Do you need to sell your home quickly? If so, don't be tempted by the ads you see that say "We Buy Houses" or "Sell Your Ugly House in 9 days for Cash." Those types of ads are placed by real estate investors who are looking for sellers under duress, and they'll only pay up to 70% of the low end market value for your home. Homebuyer Heaven Can't Possibly Last With interest rates at record lows over the past year, there's really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. Secrets of Making Money from Real Estate - Part 5 Where to from here:One property is great, but It wont make you very wealthy. Below is the expansionary model of what I think a good real estate portfolio should look like. Buying Real Estate Thats Not For Sale Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. |
home | site map |
© 2006 TIGER MEDIA |