Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

517
Posts
400
Votes
Chris Simmons
  • Real Estate Agent
  • Owasso, OK
400
Votes |
517
Posts

Land Trusts - I want to start using them for privacy

Chris Simmons
  • Real Estate Agent
  • Owasso, OK
Posted

Right now, everything I own is out there for the world to see in my name.  Going forward, I want to see about cloaking my ownership by putting everything I own now and will buy in the future into a land trust so that tax records will reflect some trust owns the property, not me.  Regarding the mailing address that will be listed on the tax assessor site, I will simply use the attorney's address that will handle all this for me so that I am fairly well hidden.

Does this work or sound logical?   Anyone else do it?  

I am also thinking about having seperate trusts....either one for each part of town that holds a few properties or maybe going so far as having a trust for each property simply named as the address.....ie 123 Main St Trust.    Same questions....logical?  Anyone else doing it?   Issues?

Again, the main goal is privacy. Asset protection is down the road with each landtrust benefitting an LLC, my attorney is recommending series llc's.

I don't want to own things in my llc directly for a variety of reasons at this point.

Please provide any insight or feedback on my concept for this land trust and please let me know if you do it differently.

Thanks

Loading replies...