Hold Your Bank Account in a Personal Property Trust (3 of 7 in Lou's Series on Using Trusts) - Lou Brown's 101 Street Smart Cash Flow Accelerator # 45
The creator of Street Smart Investors, Lou Brown cite Tip #45: “Hold Your Bank Account in a Personal Property Trust”. The prime objective is for you to win, close more deals and accelerate your cash flows.
Lou Brown explains that you can set up your own trusts if you choose to.
He also brings out that one of the things that you can do is simply open a bank account in the name of a trust and you can actually be the trustee of that trust. That means you can sign the checks as trustee.
Therefore, your money now is kept separate and apart from your other business.
Hear out more on this topic and how it can make a difference in your profits.
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Investors have long regarded Lou’s training, systems and forms as the best in the industry. He has been quoted as an expert by many publications including The Wall Street Journal and Smart Money Magazine.
Lou draws from his wide and varied background as a real estate investor. Having bought property since 1977, he has invested in single-family homes, apartments, hotels and developed subdivisions, as well as building and renovating homes and apartments. These experiences have given him a proving ground for the most cutting-edge concepts in the real estate investment industry today.
