It is simple when setting up a land trust create one trust per property. You never want to have more than one property per trust because this will impair your asset protection. If you recall, land trusts do not offer asset protection (except for Florida). As a real estate investor, you should not even consider placing more than one property in an LLC because if one property comes under assault then all your properties within the one LLC are at risk. The same concept holds true for land trusts.
Use one land trust per property and then assign your one land trust to one LLC for asset protection. Another reason for this strategy is we do not want an aggressive creditor to know how much we own. If one land trust holds 4 properties then a simple asset search will reveal this and the aggressive creditor will know he is on to something beneficial.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
