David Lanciotti and Del Denney of The Land Trust Company explain why all real estate investors should understand and consider utilizing Land Trusts!
David and Del jump right in by explaining the basics and complexities associated with land trusts. They dive into the challenges that may arise when transferring properties into land trusts. The duo provides real life examples of how a land trust can help protect housing providers from lawsuits and help maintain privacy. This show is loaded with valuable tips on asset protection and privacy to help you bulletproof your portfolio!
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01:51 Housing Provider Tip - Vet tenant’s income before agreeing to a payment plan.
05:31 Intro to our guests, Del and David!
07:30 The Ins and Outs of Land Trusts.
16:41 The downsides of a Land Trust.
22:03 Deep Dive on Trusts and Probate!
29:55 When does it not make sense to set up a Trust?
33:38 The process and costs for setting up a trust.
38:55 What is your competitive advantage?
39:27 One piece of advice for new investors.
39:55 What do you do for fun?
40:30 Good book, podcast, or self development activity that you would recommend?
42:33 Local Network Recommendation?
43:01 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: David Lanciotti and Del Denney
Guest Company: The Land Trust Company
Guest Link: https://www.landtrustcompany.com/illinois
Other Links for show notes:
High Performance Playbook (Del's Book!)
