4 February 2014 | 12 replies
You have such a long horizon that you can grow your investments tremendously and weather the dips and storms along the way.If you owned 20-30 properties free and clear you would be generating a ton of cashflow 20-30 years out.
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18 February 2014 | 53 replies
Good agents are a tremendous value.The problem is the barrier to entry into too low to become an agent.
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22 April 2018 | 61 replies
If I have to, I will escalate this matter to ETC chairman Robert Desich to expose how bad they are handling my account closure.
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28 June 2011 | 8 replies
It's interesting the first few times to watch the process happen.After that, I started finding the whole thing to be tremendously tedious.
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6 September 2007 | 4 replies
You might check with some of the other neighbors to see if he's done this kind of thing before, and if he has, is it escalating.
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4 January 2011 | 36 replies
Randy Advantages of Using a Revocable Land Trust 1.Avoids property being probated (out of court transfer upon death of beneficiary) 2.Ease of Transferability 3.Judgments do not attach to the property 4.No Partition (avoids spouse’s “forced share†sale buyout upon divorce) 5.Easier management with multiple owners (multiple owners do not have to sign docs) 6.No costs upon transferring beneficiary 7.No registered agent needed 8.Legal and Equitable property interest in trustee’s name 9.Income and Expense conduit, not a business with tax consequences 10.No tax return to file (pass thru entity) 11.Trustee has no personal liability 12.No annual fees like other entities, if trustee is an individual or friend 13.Estate planning – successor beneficiaries 14.Less expense in grantor creating trust over entity 15.Avoids the due on sale clause 16.Privacy of ownership – Helps Avoid Identity Theft of your name 17.Keep sales price private 18.Able to fracture interests of multiple owners w/o being partners 19.Ease of linkage to other asset protection entities 20.Non-judicial repossessions of real estate sold on installment contract 21.1099 not required for transfers (personal property not subject to real estate regulations) 22.Ease of operating across state lines 23.Ability to insert poison pills 24.Lots of case law to support land trust law 25.Many attorneys do not study this section of the law – not profitable for them 26.No recordation of the Trust Agreement 27.To avoid “seasoning†problems (secondary market rules of ownership) 28.To save title insurance premiums (Trustee-insured-remains the same) 29.Good negotiating technique in the sale or purchase of property (Disney World used trusts to acquire land prior to construction to avoid price escalation) 30.To provide non-recourse financing 31.Lowering of real estate taxes (prevents re-assessment) 32.Avoids state regulations that apply to corporations and LLC’s As you can see, Land Trusts are a wonderful tool for you to hide your assets, avoid real estate tax increases, privatize your sales transactions, avoid probate and use for many other benefits.
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8 April 2022 | 3 replies
I am apart of a mentorship program that has helped me tremendously thus far.
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1 October 2015 | 41 replies
We have sold nearly 40,000 books to date, and the feedback has been tremendous!
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4 January 2016 | 76 replies
The bruises will heal, you'll move on and gain tremendous benefit from the experience.
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24 November 2015 | 10 replies
Not only do you have to put up with the dreaded "dealer tax" (i.e. self employment tax), but the capitalization rules pertaining to overhead costs is also a tremendous burden.Consider this: You purchase a home for $30,000 cash.