Land Trust - Posted by Paul (Bklyn)

Real Estate Investing Raw Land
#1

Posted by William Bronchick on March 14, 2002 at 09:26:02:

A land trust is a contract, not an entity, so it is not formed under a specific state law. Also, it is recommended that you form a different trust for each property to avoid the trust being classified as an entity by the IRS.

#2

Land Trust - Posted by Paul (Bklyn)

Posted by Paul (Bklyn) on March 13, 2002 at 21:41:39:

  1. I live in NY. If I create a Land Trust in Colorado, put my Colorado, New Mexico and Texas raw acreage land in this Land Trust would this pose any problems? Do you see any benefits in proceeding in another way? All suggestions welcome.