Gary Pinkerton starts today’s show discussing the importance of the different types of asset protection that are available to you as an investor. It’s critical that you protect yourself from threats, which starts with privacy.
Then, Jason Hartman talks with Randy Hughes, a land trust specialist, about why and when land trusts should be used and how to use them effectively. Randy defines land trusts and explains some of the key elements of asset protection.
In the eyes of the IRS, a land trust is a pass-through entity, which is not taxed. Randy discusses the mechanics and some of his favorite reasons for using land trusts for single-family home investments, including anonymity, estate planning, ease of transferability and linking trusts together with other entities. Randy explains that land trusts are regulated state by state, with no federal regulation. He stresses the importance of understanding the different types of trusts, noting the beneficial interest for a land trust is in personal property and obtaining privacy. He also touches on the important psychology behind naming a trust.
Randy has written a Privacy and Asset Protection book, 6 booklets, a bi-monthly Land Trust newsletter and 6 “HOW TO” real estate courses to help new and seasoned investors to be successful at investing in Single Family Houses for profit.