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is Johns Rosina here with Jeff Greene and were gonna go over a land trust agreement today Jeff how you doing Im doing great how are you John fantastic why dont you explain to these fine viewers how to fill out a land trust agreement or property that theyre purchasing well this is most likely the number one ask question in real estate whats a land trust how do I use it people dont understand it it is very very simple theres three parts of a trust agreement basically youve got the trustee or the manager who does the business on behalf of the trust you actually have the owner who is the beneficiary or settler or grantor the actual owner and the third part of it is just the trust itself a trust is actually a vehicle for holding property and the way we do it is for about last 14 to 15 years weve been buying everything in a land trust we have LLCs as the trustees other LLCs possibly as the beneficiary and thats how we reported on our tax return which is very important land trust
