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Updated 5 months ago on . Most recent reply
Setting up a land trust owned by a WY LLC - any recommendations (Besides NCH)?
I am interested in pursuing the legal structure of creating a land trust that owns the investment property and the land trust is within a WY LLC.
I have spoken to NCH, but I was wondering if any of you have recommendations of other companies that can help setup this structure for houses outside of WY.
Thanks in advance
**I am NOT looking for comments on why this is useless, unnecessary etc.
Most Popular Reply
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Quote from @Dan N.:
What a great analogy lol
Not decided on that strategy, just researching about that specific one.
The main reason was because a land trust can be a co signee on a conventional loan and can help with transferring the conventional loan to an LLC later one without triggering the due on sale clause
I recommend checking at Jay Hinrich post about land trusts and issues he has noted with them in the past.
- Chris Seveney
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