I am always amazed at why celebrities do not use land trusts to hold title to their real estate (to protect their anonymity). Currently i am in Florida speaking to a group of investors. Someone told me that Graeme Edge (the drummer for the Moody Blues band) owned property in the area. So, i got on my trusty lap top, found the county website via a google search, entered Graeme's name and up popped his property address and a COMPLETE description of the property. The listing showed how much he paid for the house, the real estate taxes, how many bedrooms, bathrooms, etc. Can you imagine having all of this information at the public's access? What if one of his more crazy fans decided to pay him a visit? All the fan would have to do is click "directions" and google will gladly provide directions from the fan's house to Graeme's Florida residence. I guess the moral of this story is that it does not matter how much money or fame you have...it still does not mean you are smart when it comes to owning real estate.

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