Hi! It’s Lou Brown. With another of my 101 ways for real estate investors like you to win, close more deals and accelerate your cash flow. Today’s tip is number 45. Hold your bank account in a personal property trust. So as I’m sharing with you in this series, what’s available to you is that you can set up your own trusts if you choose to. And one of the things that you can do is simply open a bank account in the name of a trust. And you can actually be the trustee of that trust, by the way. That means you can sign the checks as trustee and your money now is kept separate and apart from your other business. So let’s say that you own 10 pieces of real estate and you’re receiving rental income off of each one of them. And we know that owning the property can create liability.
Well what happens is that the rents get paid to you as the manager and the money gets deposited in a completely separate account. So I want to teach that to you. It’s amazing, it’s powerful. And I hope that this is a value to you. I hope you are going to use it and I hope it makes a difference in your profits. I would love to share more of these profitable tips with you. How can you get more? Just simply wherever you’ve seen this. Like it. Love it. Share it with others. Comment on it. We would so much appreciate that and I look forward to seeing you soon. Thank you for watching. Yeah, baby!
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