Land Trust Archives

 

Monday, December 11

Only $299Add Your Partner for $99

Tuesday, December 12

Only $299Add Your Partner for $99

 

SAVE $100 NOW!    Get BOTH DAYS!

ONLY $499
Add Your Partner for $99

 

 

Click Here for Full Video/Article (Members Only)

QUESTION:
Not having any experience with land trust, here are a few of my questions.

1)  Does a typical real estate contract need to be executed to initially lock in the terms of your deal….for instance, selling price, terms of the note (owner finance), etc, etc,?

 
let’s dumb it down,.. when you make an offer to purchase, your buyer will be the name of your trust
 


2)  The trustee is the only thing that is public…..does this mean that everything else is private…like the terms of the deal, the note, receipts for payments, etc.?
 
Your deed is on public record and will show:
 – Name of Your Trust
 – Name of Your Trustee
 – mailing address for your property tax bill

3)  When a down payment is put down on the property, is that reflected as a percentage of beneficial interest in the trust?  For example, if the buyer puts 10% down, then you would own 10% of the beneficial interest in the trust and the seller would own 90% of the beneficial interest?  If that is so, then as the note is paid down, how is that reflected in the trust?

 
– hurts my head –  first of all most lenders will not lend to a trust.

4)  What happens when the note is finally paid off?  Buyer/Seller?

  – competent lenders will mail you the original promissory note marked paid in full and will complete a satisfaction of mortgage to record if there was a lien on your property. it is no different than a regular loan.

5)  Typically, is a new trustee appointed once the promissory note is paid off?

nope, you can change trustees anytime.

As you can tell, the structure of a real estate deal from start to finish are my main questions!

it is the same as any other real estate deal except your buyer and owner of record is the name of your trust

Thanks for your time.  As I get to know Mike’s product better I will definitely be using the strategy in my investing future.

Mike

 

hope this helps you Mike,

 

in the real world, do not worry about creating your trust until after you have an accepted offer; otherwise you will go nuts… keep in mind, so called experts will tell you that you must have your trust agreement in place before you make an offer… and they are correct…. but in the real world as an investor, you will experience many of your offers are not accepted… this is why i recommend to do your trust AFTER you have a contract.

 

keep in mind, writing a contract is not proper and many realtors use this language.

 

this might help you

 

STEP 1:  using a purchase and sale agreement form, you will write up an “Offer to Purchase”

STEP 2:  your seller will review and if they like, they will accept your “offer to purchase” and will sign and date.

STEP 3: At that point in time, your offer becomes a “Contract.”

Mike, you can get more information at http://TrusteeServicesUSA.com and http://5mLandTrusts.com

 

 

what do you think?

 

Mike Butler

 

 

UPDATE: TrusteeServicesUSA.com can be your Trustee. 

 

here is a preview on how to select your trustee on a ROTH IRA deal vs. normal deal using the 5M Land Trust

GOLD MEMBERS can access the full video

Click Here for Full Video/Article (Members Only)

 

Mike Butler (under the weather during training session) stumbles into a Killer Real Estate Deal during this Power Lunch Session.

While reviewing 2 killer deals from Teresa, Mike turbo-charged the profit potential on these two deals expected to close within the next 2 weeks.

This 30 minute video shows how a routine killer deal can transform into the Killer Deal of the Decade with one extra step.

Check it out right here!

Click Here for Full Video/Article (Members Only)

I Could Not Believe It.

Is This Really True?

It Is In The Planning Stages Now

The Federal Transaction Tax!

President Obama’s finance team and Nancy Pelosi are recommending a 1% transaction tax on all financial transactions.

It is true.

The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa.

Their plan is to sneak it in after the November election to keep it under the radar.
See what Nancy has to say about this wonderful idea!  http://tinyurl.com/24dn5ud

It’s only 1%! This is a 1% tax on all transactions to or from any financial institution i.e. Banks, Credit Unions, Mutual funds, Brokers, etc.

Any deposit you make will have a 1% tax charged.

Any withdrawal you make, 1% tax.

Any transfer within your account, a transfer to or from savings and checking, will have a 1% tax charged.

Any ATM transaction, withdrawal or deposit, 1% tax.

If your pay check or your Social Security is direct deposited, 1% tax.

If you carry a check to your bank to deposit, 1% tax.

If you take cash in to deposit, 1% tax.

If you receive any income from a bond or a dividend from stock, 1% tax.

Any Real Estate Transaction, 1% tax.

This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax! Remember, he is completely honest and trustworthy.
Keep your eyes and ears open.

Folks, Nancy says this would be a minimal tax on the people, but 1 percent every time you pay a bill or make a deposit is not minimal. This would no doubt tax investment transactions as well as bank account transactions.

Excerpt from American Debt Relief

Contact Your U.S. Representative AND U.S. Senator Now

Here is the Link for fill-in-the-blank email to Your U.S. Representative

https://writerep.house.gov/writerep/welcome.shtml

 


 

 

Carl Fischer

How To Get Tax Free Income

For The Rest Of Your Life!

and Even After You Die!

Click Here for Full Video/Article (Members Only)

Screening Contractors and 5M Land Trusts 101

On Demand Video Preview

Click Here for Full Video/Article (Members Only)

How You Can Hide Your Equity in Real Estate including Your Home

Click Here for Full Video/Article (Members Only)

What Is A Land Trust, a 5Minute Land Trust?

 

Get More Information and Your Own 5M Land Trust

www.5mLandTrusts.com


 Page 1 of 2  1  2 »