In Real Estate Investing By William Bronchick , Esq. These are common questions posed by both beginning and experienced real estate investors. The following are answers to common questions about maximizing profit and limiting liability in real estate investing. In real estate investing, the first and biggest mistake you can make as an investor is taking title in your own name.
All deeds are public record and free for prying eyes to see.
Having property in your own name makes an easy target for tenants, creditors and attorneys. Make sure than you have a buffer zone between you and your properties. Keep your ownership private. The land trust is form of revocable, living trust used to take title to real estate. The trust, rather than you, can assume liability for loans.