Real Estate Investing the Street Smart Way with Lou Brown
Real Estate Investment Training - Real Estate Investors
Hold Your Personal Property Such As Autos In A PP Trust (2 Of 7 In Lou's Series On Using Trusts) - Street Smart Cash Flow Accelerator #44
Lou Brown
Jun 25 2019
Hold Your Personal Property Such As Autos In A PP Trust (2 Of 7 In Lou's Series On Using Trusts) - Street Smart Cash Flow Accelerator #44
Hold your personal property such as autos in a personal property trust. In the last tip I was sharing with you about a thing called land trusts, there's another kind of trust that I dearly love called a personal property trust. Personal property trust is a different kind of trust than a land trust. Personal property trust holds. Guess what? Personal property. So in other words, a land trust holds land. If it has a legal description attached to it, then that goes into a land trust.
A personal property trust, on the other hand, is everything else in your life. Stocks, bonds, mutual funds, bank accounts, cds, mobile homes, motorhome, gun collections, coin collections, everything else in your life can be held in a personal property trust.
How powerful is that? And yes, I said vehicles. Think about the highest liability thing that you probably have in your life. It's that vehicle. And Oh my gosh, if you've got teenagers, it's not if but when they're going to have a wreck and all of a sudden now that can fall back on the parents and if there's a judgment, everything that you own is literally at risk. Now, am I trying to terrorize you? Absolutely.
I want you to understand just how important and powerful that it is that when you own assets in your own name, you are completely at risk. In the United States of America, 82,000 lawsuits filed every day in this country, most litigious society on the planet, 95% of the world's litigation, something that we should not be proud of and so the only thing we can really do is to plan in advance and make sure that we can't lose. Now, I encourage you to go to streetsmartinvestor.com and click on tools and look at Volume Five Personal Property Trusts..
Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan
* How to have a buyer or renter before you even buy property
* How to have them already pay you money before you sold them anything
These are exactly the kinds of deals he does day in and day out. Most 'investors' are getting it wrong. It's not about the property, it's about the buyer. Buying right and buying cheap is what you'll do after you have the buyer.
Media Sites:
YouTube: https://www.youtube.com/user/StreetSmartInvestor
Podcast: http://Streetsmart.mypodcastworld.com/
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Web Site:https://millionairejumpstart.com/ and https://streetsmartinvestor.com/
Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, "Lou" draws from a wide and varied background as a real estate investor having been buying property since 1976.
He's invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He's widely known as a creative financing genius with his deal structuring concepts.
Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world's largest real estate investor group.
He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.
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About Lou Brown
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