Archive for April, 2010
Deed Of Trust In California
April 7th, 2010
Question: Unmarried Joint Tenants in California with a Living Trust?
Hi, Does the title on the deed to a home in Calif. supercede a living trust?
Say an unmarried couple purchase a home as joint tenants. 4 years later one of them leaves, they split permanently. I understand that she now still owns half of the home and will inherit all of it if he passes away. My question is, can he safely place his half of the title of the deed in a living trust so he can choose his own beneficiary? How is this done? Will this hold up in probate?
Is it possible?
Thank you thank you thank you.....
Answer: You don't need a trust. Just have the deed redone to read tenants in common where each of you own an undivided half interest in the property. Therefore if one dies that person's undivided interest accrues to her estate. Joint tenancy with right of survivorship passes to the survivor and is not superceded by a trust. You are unable to put the property into a trust without the permission of the other party.
5. California Trust Deed Investing: Why Use a Professional Hard Money Broker?
Trust Deed Companies
April 6th, 2010
Question: I have about $750k in a 401k I would like to move over to a self-directed ira. NOT a mutual fund company.?
I would like to be able to buy LLC's, REIT's and first deeds of trust, as well as stocks and mutual funds from just ONE self-directed ira.
I've done quite well for myself so I don't want an investment advisor or a lot of hand-holding. I WOULD like a high interest on the cash while it sits between investments for a few days, and no or very low fees. Please, please be specific about the companies you recommend. Vague advice is never appreciated.
Answer: I have my money with Equity Trust Company (www.trustetc.com) who have been in the self-directed IRA business for a LONG time. The cash sits and earns 0.8%, and the fees are listed on their website - no guessing games.
For that amount of money they will assign someone who you can call directly with questions, but you won't be force-fed any handholding.
Consider that in addition to the LLCs, REITs, etc., that you mention, you can also purchase ground leases, raw land, commercial property, residential property, etc. with your SDIRA.
I'm not sure why the backlash from a previous answerer commenting on this being silly. It is GENIUS and it's too bad it is so misunderstood. REITs and LLCs are a small sliver of what you can deal with and likely not the most profitable.
I think the notes/deeds of trust financed through SDIRAs is a POWERFUL option b/c public financing rates have risen so high, with too many hoops to jump through and so many junk fees. A private investor can loan this money tax-deferred (or tax-free!) at a competitive rate and still make good money - plus if you structure the note(s) properly you can broker that paper from within your IRA and go do it all over again!
The sky's the limit. Good luck!
Naughty bank stuffs up Instalment Warrant
Posted in Deed of Trust Basics | 
Tags: debt, debt_advice, debt_help_uk, help_with_debt, iva, trust deed companies | 
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