For several years, I have advised my clients in commercial and some residential purchases to consider the use of land trusts as a means of purchasing real estate.  I recently came across a great article that summarizes some of the reasons a land trust would be a very powerful tool for real estate investors to explore when buying property.

According to the article by William Bronchick, Esq., a land trust is a revocable, living trust used specifically for holding title to real estate.  Each property is titled in a separate trust, affording maximum privacy and protection.

Here are his reasons to use land trusts:

• Privacy
• Protection from Liens 
• Protection from Title Claims
• Discouraging Litigation
• Protection from HOA Claims
• Making Contracts Assignable
• Making Loans “Assumable”

For details and the full article by William Bronchick, Esq. please click here.

If you would like to discuss buying real estate or which local Asheville attorneys my clients have used in the past to create land trusts, please feel free to give me a call.

If you are deciding whether a land trust is the way to go, then I strongly recommend speaking to an attorney who knows the regulations in the state in which you are purchasing real estate.

Has anyone had an experience in the use of a land trust they would like to comment on our blog?

-Steve Bourke, Group Leader

Sphere: Related Content