Florida Land Trusts v. LLCs

[Sarah Vann DuRant]

Hello everyone! 

Working on a few STR deals with savvy investor sellers and we are wrapping some really low interest rates so the DOS clause concern is very much alive… We have decided to go the land trust route w/ one of the properties to try to be as careful as possible. I've only done one of these and the seller was well versed and kind of led the way so now it is my turn to get educated on it 🤓

After lots of reading/listening/learning I am wondering why do we all tend to use LLCs more than Land Trusts in Florida? Making this state specific simply bc his is apparently the only state where the trusts provide asset protection like an llc.. Obviously in a creative transaction there is extra appeal but even without the creative aspect it seems like a primo option - am I missing something? lol