Pasadena, CA

[Also included below as a random tangent and not related to business at all (except I did make it here to write this post): Bare to Bear - a True Tale of Grim Survival and Wobbly Knees] . . .

A title holding (land) trust is a great way to hold title to property, and personally, I will never again hold title to any piece of property in my own name, or even in an LLC or Corporation.

First, it'll go into a land trust, and my entity of choice (LLC vs. S Corp) will be the beneficiary.

When the trustee is deeded the property, the trustee is said to hold bare legal title.  The trustee holds legal and equitable title, but does NOT have the power of direction . . . that resides only with the beneficiaries.

The trustee does not have the ability to take any action with regards to the property or related paperwork without the express written consent of all beneficiaries.  This is why, in most states, there is unparalleled asset protection:

• not only do you have killer anonymity and privacy in ownership,
• but your ownership is consider personal property, not real property (which means it's usually protected from partition, judgments, probates, divorce proceedings, IRS tax liens, etc)

Judges, police officers, politicians . . . these people never want to show up on public record, right?  They don't want anyone to know what they own or where they live, and no one should in a society where lawyers are looking for a reason to snatch away your net worth.  Hey, wait a minute . . . are they working for the government???

Contrastingly, BEAR legal title refers to that right that a large mammal, known for its prodigious strength, has when it wants your property . . . or at least to get in for a snack . . .

It usually doesn't ask for written or even verbal permission . . .

Be sure to sign up for:  Seller Financing on Steroids:  Pumping Paper for Power, Peace and Profits.  Defer capital gains & sell fast for top dollar, regardless of market conditions (and have a note that's worth something!)

Fellow Active Rainers: You are invited

When? Sunday Oct 25, 2009 from Noon-4pm

Where? 3035 E Foothill Blvd. Pasadena, Ca. 91107

Why? To meet me and my wife. OK-To Network too ;-)

The Pasadena Neighborhood Housing Services is having a Charity Gospel Lunch on Sunday Oct 25, 2009 from Noon-4pm. There will be great people, music, and some great soul food. Join me and celebrate this great cause and great people. Give me a call and I can save you a spot at my table. I would love to meet some of my fellow Active Rainers in person! Cost is $17 per person.

Click here to see: Mark's Home Site:

If you know of clients who may need some help in the So California, feel free to send them to my site:

www.SanGabrielValleyHomeSearch.com

Be sure that you send me an e-mail with you and your clients' name and information. I pay 25% for referrals...so let's get to work. Thanks-- velascomark@yahoo.com (626) 392-9499 Direct.

Your REALTOR serving: Hacienda Heights, Downey, Whittier, and Pico Rivera,CA. What is my home worth?

832 Manzanita Ave Pasadena CA 91103 2 beds, 1.0 baths, 983 sq ft just listed!! $274,000!!! http://tinyurl.com/mk92rb

37 Yale St Pasadena CA 91103 4 beds, 3.0 baths, 1,968 sq ft now pending!!! $279,900!! http://tinyurl.com/ns5t49

286 Redwood Dr Pasadena CA 91105 3 beds, 2.0 baths, 1,827 sq ft now pending!! $646,900!!! http://tinyurl.com/n8hm25