Re: Dissappointed with the PacTrust/ Course - Posted by eric-fl
Posted by eric-fl on March 20, 2001 at 08:06:37:
The reason for the increasing number of plugs at the end is because, on the tapes, Bill is speaking to a group of people, and like all seminars, the pitch winds up at the end of the day. Tapes of a live seminar being bundled with a course seems to be a recurring theme amongst all the gurus, FWIW.
As for the costs, those are only if you have Bill’s company do the transaction for you. If you do your own, the cost of the PACtrust per se, is 0. If you don’t feel comfortable doing your own, and don’t want to hire a consultant, why not just pay them to do your first few, until you feel comfortable with it, enough to do on your own?
As to your question, “what other form of obtaining real estate will allow to put a piece of property on a trust”, the question is not clear. A trust is just a title holding device, period. Whether it’s a pactrust, a land trust, a living trust, etc. In other words, the trust IS a form of obtaining real estate, regardless. If your question was more meant to be, “what investment strategies allow for the use of a trust”, again, the answer would basically be all of them, though a trust is clearly more appropriate in some situations than others. For instance, for a fast flip, whether by assignment, or by double-closing, a trust is rarely necessary or practical. Also, if you are obtaining institutional financing, even if it is a non-occupied loan, you are often still required to sign personally for a loan, whether title is held in trust or not, thus negating one of the primary benefits of trusts, i.e., limitation of personal liability. Hope this helps.