Land Trust

[Chris Littell]

Im a Newbie,

I have recently been told that establishing land trusts for real estate investment deals is a good stratagey to separation between personal liability and business investments. This source described how they look for seller financing deals and then put a give a down payment to the owner. While making the owner and entering into a trust agreement. Naming the seller the trustee and the investors LLC or Corp. the beneficiary of the trust.

Does anyone reading this have experience with forming a land trust and closing a deal similar to this?