InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] An easier way... Posted by Rick, the Probate Guy on February 28, 2010 at 12:28 AM In Reply to: Re: Franchise tax for LLC posted by Joanna M on February 26, 2010 at 4:57 PM Not to contradict your advisor, why not discuss the following tactic: Use one LLC to act as trustee and create a separate title holding trust for each property. You could even hire a third party with an existing LLC to act as the trustee for probably less that the formation costs and annual franchise tax fee; maybe 200-300/yr. What I suggest you do is to learn how to use these techniques to your benefit. Once you know how to create each trust, it's easy, quick and cheap. Jach Shea and his Florida partner have a book on this topic. Also, our forum host Ward Hanigan teaches a half day, one-on-one course that will answer all of your detailed questions. Check it out on the side bar to the left under 'hands-on' training. Hope this helps. Follow Ups: An easier way... Joanna M 7:43 PM, 02/28/10 (4) Re: An easier way... Buyer 8:53 PM, 02/28/10 (3) Re: An easier way... Joanna M 2:32 PM, 03/01/10 (2) Re: An easier way... dond 4:36 AM, 03/02/10 (1) Re: An easier way... Joanna M 12:41 AM, 03/03/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Not to contradict your advisor, why not discuss the following tactic: : Use one LLC to act as trustee and create a separate title holding trust for each property. : You could even hire a third party with an existing LLC to act as the trustee for probably less that the formation costs and annual franchise tax fee; maybe 200-300/yr. : What I suggest you do is to learn how to use these techniques to your benefit. Once you know how to create each trust, it's easy, quick and cheap. : Jach Shea and his Florida partner have a book on this topic. Also, our forum host Ward Hanigan teaches a half day, one-on-one course that will answer all of your detailed questions. Check it out on the side bar to the left under 'hands-on' training. : Hope this helps. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455