Ask Joe - Florida Land Trusts, Anti-Squatters Law, Homesteading Property & more!
05/03/24 • 48 min
In this episode, Joe Seagle answers questions about land trusts and provides insights into their benefits and processes. He explains how a land trust differs from other forms of property ownership, the process of setting up a land trust, the tax implications of owning property through a land trust, and the ability to homestead a property in a land trust. Joe also discusses the importance of anonymity in land trusts and the potential issues that can arise from too much anonymity. In this conversation, Joe Seagle discusses the importance of anonymity and asset protection in real estate ownership. He explains that entities like corporations and LLCs were created to limit liability and segregate liabilities. Anonymity can protect property owners from angry tenants and outside creditors. However, too much anonymity can be a problem when it comes to owning real estate, as it can make it difficult to verify ownership and handle legal matters. Joe also discusses the new anti-squatter act in Florida, which allows property owners to remove squatters without going through a lengthy court process.
If you have questions you would like to submit to be featured on our podcast, please text us at (386) 832-1090.
Have a question you want answered on our next Ask Joe episode? Leave a comment below!Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
In this episode, Joe Seagle answers questions about land trusts and provides insights into their benefits and processes. He explains how a land trust differs from other forms of property ownership, the process of setting up a land trust, the tax implications of owning property through a land trust, and the ability to homestead a property in a land trust. Joe also discusses the importance of anonymity in land trusts and the potential issues that can arise from too much anonymity. In this conversation, Joe Seagle discusses the importance of anonymity and asset protection in real estate ownership. He explains that entities like corporations and LLCs were created to limit liability and segregate liabilities. Anonymity can protect property owners from angry tenants and outside creditors. However, too much anonymity can be a problem when it comes to owning real estate, as it can make it difficult to verify ownership and handle legal matters. Joe also discusses the new anti-squatter act in Florida, which allows property owners to remove squatters without going through a lengthy court process.
If you have questions you would like to submit to be featured on our podcast, please text us at (386) 832-1090.
Have a question you want answered on our next Ask Joe episode? Leave a comment below!Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
Previous Episode
Tactics & Strategies: Unveiling Tax Advantages for Real Estate Investors - ft. Asad Ahmad
Join Joe Seagle and Assad Ahmad from Fitbiz CPAs as they delve into essential tax strategies and tactics for small business owners and real estate investors. Based in sunny Florida, Fitbiz CPAs specializes in tax services for investors.
Assad breaks down key tax deductions for real estate investors, emphasizing the benefits of the real estate professional status election and the short-term rental loophole. By leveraging strategies like bonus depreciation, investors can drastically reduce their tax burden and potentially receive significant refunds.
They also explore common tax mistakes, such as using the wrong entity structure for real estate investments. Assad shares a cautionary tale of a flipper who unknowingly incurred hefty taxes due to improper structuring, highlighting the importance of consulting with specialized CPAs.
As the conversation unfolds, Assad provides valuable insights into entity structures for investors at different levels, emphasizing the importance of aligning structures with investment goals and portfolio size. He also reveals lesser-known tax strategies, like putting children on payroll to fund tax-advantaged accounts. Throughout the discussion, Assad and Joe debunk common misconceptions, address potential red flags for IRS audits, and stress the importance of strategic tax planning tailored to individual circumstances.
Whether you're a novice investor or seasoned entrepreneur, this episode offers indispensable advice for optimizing your tax strategy and maximizing returns. Join the conversation and empower yourself to navigate the complex world of real estate taxation with confidence.
—Follow Asad—
@asadahmadcpa
For help with your tax planning and strategy, visit https://www.FitbizCPA.org
—Follow Us—
@mylandtrustee @aspirelegalsolutions
https://linktr.ee/mylandtrustee
Next Episode
Building Brilliance. What It's Like Being A Female General Contractor - ft. Kait Doulou
Kait Doulou is the founder of Build Ventures USA, a vertically integrated company that offers full-service construction, real estate agency, and property management. Her company caters to all types of investors by providing turnkey services from acquisition to construction to exit strategy. Kait and Joe discuss the importance of listening to clients and understanding their goals and exit strategies.
She also highlights her company's involvement in sustainable building practices and affordable housing and how crucial it is to be proactive in implementing these changes. Kate also talks about the concept of being decisive and adaptive in business is important for growth and success. She shares her viewpoint on the importance of women supporting each other in business and the need for more representation in industries like construction.
--Follow Kait--
@contractor_kait_in_real_life
https://Linktr.ee/kaitdoulou
https://BuildVenturesUSA.com
Have a question you want answered on our next Ask Joe episode? Leave a comment below!
Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
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