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Land Trusts for Privacy & Profit: Using the "Illinois-Type" Land Trust in Other States
 
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Land Trusts for Privacy & Profit: Using the "Illinois-Type" Land Trust in Other States [Paperback]

Mark Warda (Author)
4.3 out of 5 stars  See all reviews (3 customer reviews)

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Paperback, November 2003 --   $170.00 $72.00

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Editorial Reviews

Product Description

This book explains the uses and benefits of "Illinois-type" land trusts. It explains in detail all the steps from setting up to closing down a trust and includes 29 different legal forms. These include deeds, a trust, amendments to the trust, financing forms, tax forms and many more. It has an appendix which includes relevant statutes and court cases from all 50 states.

Land trusts offer many benefits, such as keeping your real estate holdings private and avoiding probate. Here is a list of the benefits explained in the book:

Privacy

Avoiding Probate

Avoiding Ancillary Administration

Keeping Liens and Judgments off the Property

Avoiding Litigation

Ease of Control by Multiple Owners

Ease of Transferability of Interests

Ease of Changing Contingent Beneficiary

Simplification of Making Gifts

Ease of Foreclosure

Safer Lease/Option Agreements

Keeping Assessments Lower

Keeping Sales Price Secret

Avoiding Transfer Taxes

Limiting Liability

Improved Financial Statement

Ease of Negotiation

Avoiding Partition

Avoiding Personal Problems of Beneficiaries

Holding a Judge’s and Politicians’ Property

Ease of Property Management

Saving Title Insurance Premiums

Avoiding Real Estate Brokerage Laws

Avoiding Spouse’s Forced Share

Buying Foreclosures

Avoiding "Seasoning" Problems

Avoiding Tax Withholding

About the Author

Mark Warda has been an attorney for over 25 years and is the author of over 60 self-help law books. He is the pressident of Land Trust Service Corporation, a company which sets up Florida land trusts for clients.

Product Details

  • Paperback: 224 pages
  • Publisher: Galt Press; 2 edition (November 2003)
  • Language: English
  • ISBN-10: 188869906X
  • ISBN-13: 978-1888699067
  • Product Dimensions: 10.8 x 8.3 x 0.5 inches
  • Shipping Weight: 1.2 pounds
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #741,150 in Books (See Top 100 in Books)

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Customer Reviews

3 Reviews
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Average Customer Review
4.3 out of 5 stars (3 customer reviews)
 
 
 
 
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7 of 7 people found the following review helpful:
4.0 out of 5 stars Great resource, but beware if you live in Pennsylvania, August 31, 2008
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This review is from: Land Trusts for Privacy & Profit: Using the "Illinois-Type" Land Trust in Other States (Paperback)
I highly recommend this book to anyone wanting to learn more about the use of Land Trusts in real estate investing. It is a great tool if you live in the right state. My only warning to people is that if you are investing in Pennsylvania, you don't want to deal in Land Trusts. Consult a local real estate attorney and understand that in PA an attempt to use a land trust will be viewed by the courts as a Business Trust, and any attempt to avoid paying transfer taxes through a transfer of beneficial interest will get you into serious trouble.

Marc R. Kossmann
Chief Executive Manager
Blue Fire Properties, LLC
www.BlueFireProperties.com
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7 of 8 people found the following review helpful:
5.0 out of 5 stars The Best Land Trust Book Out There, July 8, 2009
By C. Mihai (Riverside, CA United States) - See all my reviews
(REAL NAME)   
This review is from: Land Trusts for Privacy & Profit: Using the "Illinois-Type" Land Trust in Other States (Paperback)
As a moonlighting property investor who makes use of land trust often when trying to flipping wholesale deals or partnering/equity share on long term holds, this is definitely the book you want to have on your shelf. Over the years I have purchased many different packages to cover this topic and I wish I would of have found this one first.

Does a land trust need it's own tax ID? Does the trust need to be record? Who can be a trustee? I'm an engineer by trade and if you're like me you really need to know the ins and outs of something before you apply it. You do not need to spend hundreds or thousands of dollars on some "guru's" seminar course, this book has all the answers.

What I liked best is that the book provides template after template to cover different types of agreements you may need to set up for your trust. I only wish that I didn't have to retype or purchase the CD with all the trust templates separately. I guess it's not a big deal when you compare to the hundreds or thousands those other packages cost.
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5 of 9 people found the following review helpful:
4.0 out of 5 stars Land Trusts, April 18, 2008
By B. Shapero "Dr. Shapero" (San Clemente, Calif.) - See all my reviews
(REAL NAME)   
This review is from: Land Trusts for Privacy & Profit: Using the "Illinois-Type" Land Trust in Other States (Paperback)
This is an excellant text for any level. If you would like to create a trust or learn how to use them this is the book.

Dr. S
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