Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got a quick video for you about the 5 benefits to using a land trust.
Illinois land trusts provide:
* privacy - Confidentiality and privacy of ownership is without a doubt one of the most important benefit of the Title Holding Trust or Land Trust
These title-holding trusts ease...
* property transfers - eases the process by bypassing the majority of the paperwork usually needed
Real estate land trusts provide:
* property protection - protects property against IRS liens & personal judgments on seller or buyer
These investor trusts provide:
* personal protection - protects beneficiary personally against HOA claims and title claims
Equity-holding trusts help:
* prevent/reduce lawsuits - repositions your assets to appear that you are broke
As you can see, there are numerous benefits to using a land trust for your real estate. Once again this is Frank Chen, Good Investing.