A Blog Series On Land Trusts: Intro



I firmly believe Land Trusts are one of the most misunderstood real estate investment tools nationwide. My plan it to make this a series of posts that will touch on what a land trust is and what it is not, clear up myths and misconceptions and pass along some tips and tricks. It will be basic, but if you understand the basics you can then start to get really specific and use them to cater to your particular investment portfolio.  I haven’t decided how many parts will be in the series so my plan is to just take one topic at a time and see where it leads.

First, my back ground with these creatures:

If I had to pick something that was “my thing” it would probably be Land Trusts. Never would I have  imagined when I graduated law school this would be the case, but about 6 years ago Debbie Farnell of Southeast Professional Title handed me Mark Warda’s book on the subject and my gears have been turning ever since. In those 6 years or so I have drafted hundreds of land trusts, given seminars, and helped clients use them to acquire property from every realm of real estate- from SFR retail deals to bankruptcy estates. In doing so, we have hopefully begun to repair some of the damage from the past when unsavory characters used land trusts in highly unethical applications.

You will read about the negative connotations associated with land trusts on real estate forums and be warned about them by the know-it-all’s.  I’ve heard it all and been accused of it all.  As a matter of fact, I was once (actually three times) told I had been “black listed” by Big Bank due to my relentless (and apparently notorious) use of the tool. Obviously, since I was using them soooo much I MUST be up to no good.  That was definitely a problem because it would have meant my clients couldn’t use my land trusts to acquire bank properties. That didn’t last any longer that it took me to get a slander cease and desist letter to the powers that be for the storm to pass.  I have come to learn that any such hysterics are, 9 times out of 10, due to either a lack of understanding or jealously of the competition.

Point being – land trusts are actually very simple creatures and if understood they can be used in endless ways and for reasons we have yet to even figure out – all within the perfectly legal  boundaries of the statute.  However, as history has proven, they can be abused. I hope everyone can take the information coming up in this series to get to understand this useful investment tool and not destroy what has taken investors years to rebuild – Land Trust As A Legitimate Real Estate Investment Tool. 

Comments

  1. UnknownJune 8, 2016 at 11:41 AM

    I use Land Trusts in ALL of my real estate purchases in every state. Bravo to you for helping educate the misinformed!

    ReplyDelete
    Replies
    1. Hope RichardsJune 8, 2016 at 12:02 PM

      Thanks Jean! I only do them in Florida since that is the only place I am licensed to practice law that uses them, but my current goal is to educate myself to learn how they work in every single state. I would LOVE your input!

      I started a facebook group for real estate investors called Land Trusts for Investors for this very reason. Your input and commentary would be very useful. If you wold like to join the group we would love to have you. Otherwise, would you mind giving me your contact info so that we can chat? My personal email is hrichards.rclaw@gmail.com if you want to email it to me so that you don't get spammed :)

      Delete
  2. Hope RichardsJune 8, 2016 at 12:03 PM

    Ha! Nevermind, I just saw your post on the Group. Thanks!

    ReplyDelete

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