Land Trusts + Much More!
Asset protection, Stealth LLCs, Roth
IRAs, increasing your profits + More!
Tampa, FL, Sat., Dec 12, 2015
Learn how Land Trusts can give liability protection, structure short-sale
purchases, protect people in foreclosure, avoid deficiency judgments.
How to keep your name off your LLC, and much more!
Presented b> Mark Warda. Attorney at Law, Author of Land Trusts in Florida,
and Jack Shea, Author and Investor
8 Hours Continuing Education Credit for Realtors, Attorneys, & CPAs
Ramada Westshore Tampa Airport 1200 North Westshore Blvd., Tampa, FL 33607 Special hotel rate: $68 (ask for Able Property Rate) Hotel Phone: 813-282-3636 9:00 a.m. — 5:15 p.m.
Registration begins at 8:15
Pay in Advance $175 if registered by Saturday, Dec 12, 2015
(after Wednesday, Dec 9th or at the door $190)
Includes Land Trusts in Florida, 10th Edition with CD
Limited Seating - Make a reservation now
Fax form to 863-678-0155 or mail to P. 0. Box 186, Lake Wales, FL 33859
Call 727-581-7000 or 863-678-0011 or email email@example.com
Yes! Reserve seating for _______ people @ $ 175 if registered by Wednesday night Dec. 9th (Deduct S35 to attend seminar if you already have the 10th edition of the book.)
__ Credit Card No. ________________________________________ Exp. ________
Zip code on credit card billing address_______ Last 3 digits on back of card_________
Name _____________________________________ Phone ___________________________
Address ____________________________________ Signature _____________________
Insider Strategies for Utilizing Land Trusts, Personal Property Trusts and IRA Checkbook Trusts
Holiday Inn, Cherry Hill, NJ
Sunday November 22, 2015 9 AM to 5PM
What's included . . .
~ Atty. Mark Warda’s 235-page Land Trust book and CD
with 35+ forms. Laws for all 50 states.
~ The Personal Property Trust. A key strategy for Notes, Mobiles, Vehicles, LLCs, uses for safety and privacy.
~ Sample Deeds, Trusts, Assignments etc. for class work.
~ IRA Checkbook Trust. IRA funds in your local bank for ease and speed of investing and reinvesting.
~ A New Operating System for real estate and notes: buying, partnering, financing, managing, selling,
estate planning and ten+ layers of asset protection.
~ New tools only available with Trusts. Contract For
Beneficial Interest, Contract for option, and more.
~ Limit Liability, Reduce Litigation, Quick Foreclosure, Private Sale Price, Easy Transfer, etc.
by Jack Shea, Author, Real Estate/Note Investor- 25+ yrs
The best investment you will make in your future.
Early Bird Discount $275.00. Space and books are limited
Special Room Rate: $119.
Some Recent Data: US household consumer debt.
Average credit card debt $15,863
Average mortgage debt $156,584
Average student loan debt $33,000
The National Association of Realtors and Forbes
reported that just recently the plans for home ownership have increased. In the buildup before the crash, homeownership reached close to 70%. It then declined to the low 60s and now is headed back to 65%. Apartment dwellers recently decided to shop for homes due to: high rents, low availability, low interest rates and the other benefits of home ownership – growth, tax benefits, etc.
The forecast for home prices is to rise 4.6% per year through 2018. The improved economy and slightly higher wages has resulted in aspirations for homeownership.
Where can investors find properties in a hot market?
Distressed sellers. Bank REO's. FSBO's
Wholesalers Rehabbers Bird dogs
Craigslist, etc. Code violations Mailings
Realtors Probate Doorknocking
Tax Deeds Attorneys CPAM
A large group of investors was asked which strategies they used. They averaged four different methods to purchase properties.
All investors that deal in real estate should be interested in preserving the 1031 tax-free exchange. Please help.
More must be done to reach out to all Members of Congress to persuade and educate them about the strong economic benefits of this provision and the extensive consequences of Section 1031 repeal. In our grassroots campaign, FEA members and others concerned with Section 1031 have sent more than 36,000 letters to Members of Congress. Every Senator in Congress has received at least one letter concerning the preservation of like-kind exchanges. Members in California have received thousands of letters, and legislators in Texas and Colorado have received several hundred. More letters are needed. A goal of 100,000 letters by the end of the year has been set, and we must all help to reach it.
You can help the FEA reach every legislator by sending letters through www.1031taxreform.com, and encouraging your clients and contacts to do the same. Our selected text can help.
Tuesday May 12th
If you attended the May 2, 2015 Master Trust Seminar in Cherry Hill, NJ, you're invited to join our follow up Webinar!!!! Jack will answer your questions, and help you with your strategies to protect and build net worth using what you learned in the class!
Join us for the webinar on May 12, 2015 at 7:30 PM EDT.
An open forum for questions and discussions on the material covered in the Master Trust Class, Cherry Hill New Jersey May 2, 2015.
After registering, you will receive a confirmation email containing information about joining the webinar.
Also, please send any questions, comments or concerns to Jackshearealestate.com. By 5pm on Tuesday May 12th.
The use of trusts in my investment business has allowed me to prosper in the ownership of real estate, notes, options, leases and other instruments. They have provided the privacy and safety and peace of mind to operate without fear of frivolous lawsuits, unhappy tenants, bureaucrats, salesman and other distractions.
I have seen thousands of investors, over 25+ years, developed the ability to form and operate their own trusts and enjoy the same benefits. The land trust has been in use since the 1890s and can be used in every state. The trust delivers more than 25 benefits, including avoiding probate, judgments cannot attach to the property, private sales price, and many more. We use it as a management tool, for partnering, for lending under the UCC, buying and selling in private and in other ways not possible without a trust. Deeds, trusts and other forms are in Word documents and easy to complete.
The personal property trust is a more recent development and when combined with the land trust a greater level of privacy, safety, and flexibility is attained. It can be used as trustee, a manager of an LLC and in other roles. It is the best device holding notes, vehicles, mobile homes and other items in privacy and safety.
The IRA Checkbook Control Trust is a hybrid of the above two trusts. Retirement funds can be moved from brokerage accounts to an independent IRA custodian and then invested in the IRA trust, which places the funds in your corner bank where you have access without the cost or delay of going through a custodian. In addition, all rent, note payments and other income is deposited in your bank, not with the custodian. These funds can be reinvested rapidly.
Investors have many common traits that make them successful. There have been thousands of studies of the common characteristics of successful investors. They are similar whether in the stock market, business development or real estate. There is also a record of uniform behavior problems that most investors have and are rarely confronted.
One recent study trying to simplify the characteristics came up with these conclusions. Achievers were most likely to be:
1) Very confident in their ability to succeed.
2) They were driven by an inferiority feeling and a fear of failure.
3) They were uniformly sensitive to other people's feelings and were self-aware.
A list of other traits include: passionate, resilient, decisive, fearless, financially capable and knowledgeable.
The main bad characteristic of investors was overconfidence. That shows up routinely in stock market trading, fund management and every financial transaction. Real estate investors are more confident about their prospects than results show. The more the overconfidence, the worse the results. A 90% plus confidence level leads to a 40% error rate. Since real estate investors are often sole entrepreneurs, it takes confidence to get into the field. Overconfidence often takes people out of the field. Look around you with your friends and associates and yourself. I know it is true in my investment experience.
How do we enjoy the advantages of being a real estate investor and protecting our portfolio and our future? There are many things an investor can do such as "Making it big on little deals". That is John Schaub's mantra, book and the center of his teaching for many years. A bad deal will be painful but not fatal. A bad big deal could be the end.
There are other systems and procedures that could be implemented.
TRUSTS. These protect real estate and note investments. They also protect leases, options, contracts and all of our other activities. They deliver privacy and safety and firewalls to protect one bad investment from all the others. They are especially useful for the more speculative and risky ventures that could provide great rewards, if done properly.
OPTIONS. The greatest leverage and lowest risk can be obtained with options. They are invisible, portable, saleable, and exchangeable. They can hold great wealth but cannot be attached since they are a future interest. When markets rise option holders profit. When markets decline option holders do not lose. Option grantors will lower the option price to current market over 90% of the time. Therefore, there is little downside to options.
IRA ACCOUNTS. The creation of IRA accounts has created a grand opportunity for real estate investors to take advantage of opportunities that they see in the marketplace that are not available to anyone else. They can be legally optioned, purchased, leased, put under contract with IRA funds and the proceeds from the rent, sale, or assignment go directly to the IRA account. IRA funds can be held in a checkbook account controlled by the investor that is immediately available for real estate investments.
Take advantage of your positive traits and limit the damage of our negative ones.
To your success,
Jack Shea Author, Mentor
The Dodd-Frank bill affects any private lending taking place after January 1, 2014. The initial rules for seller financing have been modified.
If the buyer uses the property as their personal residence and the seller only does one seller finance per year then the rules are:
1) There must be a fixed interest rate for five years. After that, the interest rate can increase up to two points per year for a maximum of six percentage points.
2) There can be a balloon payment in the note.
3) The seller is not required to verify the buyer's ability to pay.
The selling entity can be an individual, an estate or trust. It cannot be a partnership, LLC, Corporation or other legal entities. Notice, that is one entity per trust, per year.
If the same person trust or estate does more than one seller financing per year then:
1) The same interest rate rules apply.
2) A balloon payment is not allowed.
3) the seller must verify the borrowers ability to pay.
I've been following the development of the Dodd Frank rules for years and have used those guidelines. We also give a full Truth-in-Lending disclosure. We also deliver many other documents, over 20 items, including a title report, termite report, property defect disclosure report, and buyers inspection reports. Since we do financing through land trust procedures, we have an explanation of the rules and procedures with trust beneficial interests. The buyers become the 100% owner of the beneficial interest and assign it back to the lender as security for the loan. All UCC-1 documents procedures are followed. This makes a foreclosure faster and less expensive if it is ever required.
There are many potential buyers for seller financed property who are unable to qualify for a bank loan due to foreclosure, bankruptcy or other financial problems. They typically pay above market price for the house, above market interest rates, and are required to put 10% to 20% cash down payments. Monthly payment including taxes and insurance is structured to be close to market rent. They are happy buyers and have an excellent payment history on their new home.
The Dodd Frank bill should have very little negative effect on seller financing. As you can see, the rule for one transaction per trust will not affect any investor that uses land trusts for holding title to investment real estate. It is the best method of owning real estate. You can learn everything about land trusts, personal property trusts and other tools such as options, IRAs and 1031 exchanges at the 'TRUST Creation and Application Seminar' in Jackson Mississippi January 23-25, 2014. More information is on my website at www.JackShearealestate.com
To your success,
There are hundreds and sometimes thousands of real estate investors in every community. I have been to many real estate investment clubs around the country. The meetings are attended by many seasoned investors and newcomers. In our 1031 exchange business we deal with investors all across the country. I sometimes ask the clients if they attend any local real estate meetings. Some do. Many don't.
I asked the questions because I see many investors that have made a poor choice of title holding entities. If they had more real estate education they would have made better choices. They invest with friends in a partnership. Later they find out it is very difficult, costly and sometimes not possible to do a tax-free exchange out of their investments.
If you total all of the investors that attend meetings some of the time in your area, then there are 3 to 4 times as many in your marketplace. If you do not have any better tools to use in your investments, then you are in an auction to the highest bidder with all the amateurs. Options can separate you from the crowd. Tax-free exchanges are a tool to use for your benefit and possibly for the other party in your purchase or sale.
Trusts offer several unique strategies that are not otherwise available:
1) Contract for Beneficial Interest. This is similar to a contract for deed but avoids foreclosure. It is selling personal property on an installment sale. The buyer has no rights until it is fully paid.
2) Lease Of a Beneficial Interest. This is not a lease of real estate but of personal property. It could have multiple benefits.
3) Multiple Investor Beneficiaries. A technique for partnering without the formalities of deeded interests. No witnesses or notaries are required for transfers. The beneficiaries are free to take cash or do a 1031 exchange with their proceeds.
4) Seller Financing the Beneficial Interest. It is selling personal property and avoids the need to foreclose to regain possession upon default.
5) Personal Property Trust. It can be used as a trustee, LLC manager, a holder of notes, mobile homes, cars, guns, stocks, receivables and more.
6) IRA Checkbook Control Trust. Moves your IRA funds from the custodian to your corner bank where you have the ability to make investments without the cost or delay of going through the custodian. All income from these investments goes to your corner bank, not the custodian. There is no cost or delay to reinvest these funds.
These are a few of the Power Tools that investors should have to elevate their investment system to a higher-level with better returns and more safety. All of these strategies and more will be covered in detail at the trust seminar January 23-25 in Jackson Mississippi.
To your success,