Posted by JHyre in Ohio on October 28, 2001 at 08:27:42:
Land trusts (preferably used in conjunction with LLC or Corp) serve to primary purposes…keeps ownership of proeprty privat and conceals violation of Due on Sale clause. Run a search on Main News Group or get Bill’s course for the mechanics…I think that one of his how-to articles also discusses land trusts in greater detail.
I have a few rentals and was told a LLC is the way to go to limit my liablity. Until I asked about due on sale clauses. I have a meeting with my attorney, but want to be prepared. Is a land trust an option or am I out of luck on this one…