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daveg
Investor/Rehabber
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Welcome to this Forum
Tuesday, August 15 2006 10:38 AM
Just wanted to say that I registered after attending the Wendy Patton presentation on August 9th. Love the forum guys!
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Randy Hughes
Master Advisor-39 years of experience
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Re:Welcome to this Forum
Wednesday, August 16 2006 02:24 PM
David,
Thanks for the compliment. Feel free to come back and ask questions anytime.
Randy Hughes
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Randy Hughes
Master Advisor-39 years of experience
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Re:Re:Welcome to this Forum
Monday, March 17 2008 08:53 PM
Welcome to all.
Jim and I work very hard to keep this Discussion Forum answered and up-to-date. Please feel free to post your questions here and we will answer your question ASAP.
Randy Hughes
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DREAMS
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Re:Re:Re:Welcome to this Forum
Tuesday, March 25 2008 05:47 PM
I just started a short sale business and I was told that I needed to deed the property into a land trust or a corporation before I negociate the deal. I know they are both a form of asset protection but is one better for tax purposes? Can someone let me know which one is better?
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Randy Hughes
Master Advisor-39 years of experience
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Re:Re:Re:Re:Welcome to this Forum
Tuesday, March 25 2008 07:20 PM
Dreams,
If you use a coporation you could have some tax problems (depending on what kind of corporation you use). A Land Trust is the best entity to start out with (even if you make a corporation the beneficiary of the Land Trust...which is entirely possible). There are 32 reasons to use a Land Trust. Please go to our link to see those reasons spelled out:
http://www.realestateforprofit.com/pg/files/reports/default.aspx
scroll down the page a little to find it.
Let me know what you think,
Randy Hughes
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