One thing you can do is to go and create the land trust. The LLC sells or deeds to that property that’s in the LLC to the land trust. Now the land trust owns the property, then the beneficiary of that land trust can be the LLC or the beneficiary can be your trust and your partner can have the LLC. The partner can even have their own trust as well.
In this video, Lou Brown and Scott Paton talk about taxes. In previous episodes, Lou already touched upon capital gains taxes and the impact they may bring. Now, there is another tax that would probably affect your descendants for many generations if you do not take action now.
It’s called the Inheritance Tax.
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Lou receives an email and he just can’t help but react to this particular email. It says “ 3 Plus Reasons Why Smart Real Estate Investors Don’t Rely On Realtors To Build Their Real Estate Investing Business and What To Do Instead.”
Lou believes the opposite. For him, realtors are exactly the people that real estate investors need on their team. Real estate agents are a funnel of deals.
Watch this video now and find out how a great relationship with real estate agents makes Lou’s Street Smart Real estate investing a success.
It’s always the right time to invest in real estate when there’s an opportunity. We create opportunities by talking to people and discovering what problems they have and what solutions we can bring to the table.
Definitely, you can do the real estate business with little to no money.
It’s a matter of finding opportunities. There are sellers that definitely need to sell. Most of them don’t want to go through the pain and suffering of listing, getting ready for sale, and all the stuff that a real estate agent makes them do.
And there are buyers that have less than perfect credit that would love to come in and be served by you to have the opportunity of owning a home someday.
You always have to protect your buyer. The person who’s optioning to buy that property from you. You have to be in a position to deliver that deed to them when the time is right.
The seller must be willing to place the deed in Escrow with Escrow Instructions. You must negotiate those things and communicate with your seller in a polite manner.