Tx Real Estate

In every product category there are two leaders. In soda there’s Coke and Pepsi. In delivery we have FedEx and UPS. In toothpaste we have Crest and Colgate. It’s not withstanding that in the asset protection category we have two giants: Ladies and gentlemen I present to you in the left corner Land Trust and in the right corner the entity of your choice! (I prefer LLCs). Place your bets!

Both contenders look strong. As the fight begins instead of throwing punches, biting ears and such the fighters actually start hugging each other, holding hands and kissing. What the…? Then it hits me, these guys aren’t opponents, they’re teammates! Like in any pro fight, both fighters are promoted by the same guy.

I know I just gave you a long drawn out example but I think the story best illustrates the point I’m about to make. That is…don’t think which is better…think, how can these guys work together to help make each other money. It’s the ultimate joint venture partnership.

The Land Trust protects you as follows: Privacy, the biggie, keeps your name off of public records. You want every goofball with an internet connection to be able to see what you own? Secret sales price: Imagine all your neighbors knowing what you paid for your home. Worst yet imagine what your coworkers would feel if they knew you lived in a house that was worth twice as much as there’s. There’d probably be some viscous gossip about your pay saying you don’t deserve it. Your work would be receiving a more critical eye. No more invitations to happy hour or weekend BBQs.

An entity, or in my world, an LLC provides a legal force field for your business. Once in place, you can sleep like Hugh Hefner after going a package of Enzite. All those “what if” scenarios are covered. What if someone falls, what if the building collapses, what if I get sued, what if, what if, what if. All someone can do is try to sue you, win a judgment against your company, and sit on their thumbs and wait to collect, if ever. Your personal wealth can’t and won’t be touched.

Marrying up land trust and LLCs isn’t any more difficult than naming, as your beneficiary, your LLC. Your sales agreement has you or your representative’s name, and the words “or assigns”. This allows you to assign the contract to whoever you choose.