All Forum Posts by: Morry Eghbal

You can create it yourself, but if you are not familiar with it you might want to find an attorney to do it. I have used land trust for over 1000 times, but I am not at liberty to give it out. 

Land Trust does not need to be and can not be registered in California.

If it is an irrevocable trust, you can even get an EIN number from IRS for it...pretty cool!

Yes you can put your SCorp as Beneficiary even as a trustee of it.

There is no standard document other than the one you or an attorney creates it for putting or naming or listing the beneficiaries. 

Land trust does not need to be notarized. 

Land trust takes the Mastery of Real Estate to the next level...I call it PHD. You be surprised what can be accomplished through Land Trust. Definitely worth digging into it.

I am going to give you a final advise .... if you really want to know it works...when you purchase a property give a copy of it to the title company who is insuring your title and let the Title officer advise you, as to the structure or the ability of the land trust to transfer or sell the property in the future, so you know the Land Trust is valid or is up to code according to the title companies standard...This was a good and free advise, buy yourself an Starbucks coffee with it.

Best wishes and God bless,

Good advise. @Billy Rogers 

I would rent the house out. Do not get a 15 year mortgage because you will have carrying cost even at that rent...so keep the load light...If you could get it refinance for a 30 year loan and recover the refinance charge in 2 years you might think about it... but what you have is a free money at that rate and it gives you tax rid off... don't sell it.

Be sure to thank me in 25 years.

God bless

Morry

I give you a million dollars idea....find the best agent in town and offer to work part time for  him/her  for FREE in return for him/her teaching you the business. This can give you a edge over the competition for a life long career.

Look at it this way. 

you could get paid $12 an hour while he or she earns $250 an hour. Could you afford to hire him/her. NO....so you do fine not charging work for advice and hands on training...don't worry you pay will come.

Best wishes to you champion.

Yes, on a skinny deals you have a problem. There are two places you can go and get a buyer fast. Go to a Trustee sale, you find investors with cashier check that can not find enough deals. Tell them you have a deal that they can make some money. 

Connect with investors club.

For example Arizona Real Estate Investors Association, puts out a news letter for investors to advertise their flips I thought it was brilliant.

Finally....My dear friend, always remember you make your money when you buy the property and not when you sell it...therefore you have to purchase it at the right price so everything else can fall into their place....best wishes to you.

Welcome to the community friend.

You are right on a HELOC they are not looking at the appraised value...unless you own it for more than 1 year...in some cases maybe 6 month.

Connect with investor clubs, search them on line..you will find them.

videos are tremendously important, create blog posts and post your videos there. Market yourself to the world. 

Also it is important to get deals at the right price...so always learn....a wise man is always learning...bless you.

Learn the art of selling, go on youtube watch Mike Ferry, Tom Ferry, and so many others, every bit of learning about real estate helps. Some people think their problem is a deal. 

I Know plenty of people if you put a deal in front of them, they will not recognize it. 

A successful real estate career is consists of many different parts. some Investors need to know what a Realtor does and at the same time a Realtor needs to have an investor mentality. I encourage you never stop learning.