All Forum Posts by: Jay Dawson

Basically the title is held in the trustee's name and the beneficial interest in another individual's name/LLC. The land trust makes it easy to transfer beneficial interest from one beneficiary to another without needing to change the deed/title, which can get expensive.

So I have a property that I put in a land trust with a relative as the trustee and the beneficiary as an LLC. My question is, who do I have the tenant make checks out to?

The relative is basically managing the property 100% for me and will be collecting rents anyways, just curious if anyone here knows the best way to go about handling it?

Thanks in advance

Thank you for the detailed answers and interesting ideas. I also thought the key would be to pursue flipping to increase the liquid asset amount and looking for more reasonable returns in the 15-20% range on managed rentals. By 'path of least resistance' I didn't mean not putting time or hard work into it, but rather the best path to get to the end goal. So rather than trying every facet of RE investing.. trying to stick to just a few areas (i.e. flipping then buying rentals for cash flow) to achieve the goal.

I know some of the 'guru' guys advocate building up your RE portfolio and rolling your proceeds into owning large apartment buildings/complexes. Is anyone experienced in doing something like that to briefly share their experiences?

Thank you again to those of you who took the time out to respond, and to reiterate Jon's point this post isn't asking for a solicitation for deals or anything like that, just looking for knowledge. Chris, I figured your response was part of another post, but glad to hear you're doing well with your properties.

So lets say a guy has around 400k in liquid assets and is looking at a goal of 10k+ passive cash flow per month, what is the path of least resistance to get there?

In other words, what would you do with that money to hit that goal?