Best strategy for Equity Stripping?

[Marcy Angulo]

My business associates have 17 rental properties, many of which are free and clear. They are in the process of transferring them into Land Trusts with their LLC as the beneficiary for anonymity & asset protection. However, what would you guys recommend to do the equity stripping? They could obviously record a Mortgage, but the stamps are about $1500 per property. They were thinking of recording a lien on the properties... but didn't know if that was a good idea or not? Any advice / thoughts would be appreciated.

[Wayne Brooks]

Seems like such a fruitless effort....

Anyone trying trying to track their assets will see the transfer from them to the land trusts and suspect they are still the owners and a simple search in sunbiz will show their ownership of the llc.

Any fake mtg would easily be quashed with minimal effort in court.