Hi… Currently I only own 2 properties. Just started this year. One is my primary resident, the other is my investment property which I might rent it out Section 8. Or lease Purchase.
My question is.
Is it worth my time to keep them in a seperate land Trust? if so who are the Trustee? can I just make some name up for the Trustee? ABC Trust and DEF Trust etc? Or does it has to be a real person?
I know there are many benefits including if you try to evict a tentent who has a lease purchase option.
And its a great protection tool.
Just dont know if my LLC is sufficient, and how one can set up a Land Trust.
Any link or info are greatly appreciated.
Thanks
Happy Investing.
Ant.