Never stop Louis one day we need to point future generations to you and say there's the oke we're grateful for knowing otherwise government would've taken half your inheritance
Hi Louis, You mentioned that the cost of administration for the trust is around R500 but you didn't mention which companies offer such services. I have been looking online and its kind of hard to get this so please help
Hi Louis, I just wanted to express my gratitude for listening to your community and producing this highly requested video. You deserve many more subscribers. As an emerging property investor, this information is incredibly valuable to both me and my girlfriend. Thank you.
Thank you very much for your comment. I really appreciate it. Im glad I can help and cover necessary and important topics. Im here to give back. Thanks for supporting the channel 💪🏻
Good job with this video. A problem I find very often is the fact that people use trusts as their alter ego and then once the corporate veil is pierced all the effort of setting it up is undone. So if I can add a tip… If you are a founder of a trust and are only a trustee it’s no longer your asset, it belongs to the beneficiaries
Thank you for this. It's clear to me why you'd rather get help than do it yourself, the expenses in fuel, food & time to collect & file those requirements is worth the fees yho...
Absolutely, and when you doi it yourself the first time you are bound to make a mistake. Those mistake are very expensive. Especially when it comes to the deed drafting
You can browse around inu my real estate playlist. There are many videos covering this topic. Feel free to comment on those videos if you still have questions
I watch all of your videos within a day of release. Very informative for an ordinary folk or those who are in the property profession. Keep up the good work
The course was good but more of a high level view. Your sheet that you provide for analysing deals is probably the best take away as well as the section on trusts. Is it possible to release a YT video or update the course to delve deeper into the financial breakdown of fees/costs and how you are using it with a little more detail. Thanks Louis :-)
Thanks for your comment and the possitve feedback on the course. Glad you can learn. Ill look into a breakdown video in the future. Thanks for showing up . All the best 🏆 👍
Great video (and channel), I must thank you for all the help you provide to the community! I see you the trust was setup by Prosperity Enterprises, so I assume you are happy with the services they provide? Are there any other similar companies you have worked with before?
Thanks for the support. Yes absolutely, they are really good at what they do. You can reqch out to them and use my name as refference. I only recommend companies I use myself 💪🏻💪🏻
Love watching and learning from your channel...We made contact with Jaco Globbelaar he was on your show before to help us with our set up...Keep informing us.1💚✌🏾😇👑☀️🇿🇦
Thanks for making the trust video we asked for ! Listening to your audience and delivery cool interesting content. Btw - do you have a link to your excel numbers template for calculating puchases
Setup a Company within a trust. He literally said it in this video. “Donations tax to the company and it’s an easy way to move money from your personal name into the trust.” If you do the math, he has a company in a trust. 5:07
Can you also make a video describing how a trust work? For example you are owning these properties and we all understand how that works. But what will change once the properties are no longer in your name? Or is it business as usual and nothing changes at all?
Thanks for the suggestion. Ill try to look into a video where I cover this. You can still be a trustee of the trust meaning you have control of it but you dont own it in your own name
@louisreynhardt I once heard another trust expert saying that I can be the only person in a trust. Meaning I will be the founder as well as the only trustee. He said as long as I'm not also the beneficiary there is nothing wrong legally with me being the only member of the trust. Is it really so?
Hi Louis, can you advise on a trust company? Also, saving for the next property, can you advise how best to save this Money. Want to buy the property cash in the next 3 to 4 years...
Absolutely, I use and recommend Prosperity Enterprises. You can google them and use my name as Reference. It really depends on your income but generally if you can save a large amount, you can save it in acess bond or a moneymarket account. Feel free to consider my property course ⬇️ To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process.
Who can we use to set up a trust? if a property is in a trust I can never occupy it, right? when I buy a property in a trust can i as an individual get financing or does the trust loan it ? If so how does a trust borrow money ?
You can watch this video for some extra guidance : ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-J-mPjKYrs9M.html You can also use Prosperity enterprises for the trust setup. This is the Comoany I use. You can use my name as refference 💪🏻
Hi Louis, really appreciate your channel. I hope you can give some advice as I am an International buyer, have identified and had an offer accepted on a property in my first step to building a portfolio in SA (KZN) between myself, business partner and wife. We do plan on returning down there in about 5/6 years from Europe. As the property we have agreed upon is an Investment, I’d like to ask the best route/vehicle to manage it, and figured that a Trust would be the best route to go. Are there any restrictions for International’s to get a Trust and how do I go about getting a SARS number and also any recommendations on Bank Account ? I will be coming to SA in person in November to complete the purchase.
Thank you for supporting the channel. I wish i could give you a simple answer but I would suggest reaching out to my accountants You can use my name Louis as refference. They will be able to give you the exact details you need. Heres a link Prosperity Enterprises 010 285 0549 g.co/kgs/hFmboJW
It's worthwhile starting with no assets. Remember you grow your assets with time. Imagine driving through town waiting for all the robots o be green. You will never get to your destination if you keep waiting.
I haven't used it before, so i can't comment on it. But I prefer using someone that invests in property themselves. At fnb, you might work with someone walking into an accounting position with no property, handling your property structures.
Thanks for watching. Yes it is. You will have to sell it to your trust which will incur transfer and registration cost. Or there is something known as a section 43 asset for share transfer If you want to use a company
What is the ball park cost for setting up a trust? I’ve had law firms quote me 10k for a trust that will hold assets valued at less than R200k in value
So once the Trust is set up/up and running you will not have a say as to how the Trust is managed but it will be managed by the trustees? Am I getting this right?
You can still have your normal personal accounts, and you will have one for each entity. So if you have one trust ( property trust) you will need one account for that trust.
Do you mean in your personal name ? Or in different entities. The bank accounts itself doesnt really matter, but the different entities are what gives you protection.
It will still be active, but remember you have to submit your taxes every year for the trusts and have financial statements. I would suggest reaching out to an accountant to find out what needs to happen.
Is it possible to find your late fathers living trust when all he did was tell you and you don’t have the trust name or number.i think the surviving spouse is doing crazy things including buying a Lamborghini and closing my children out fraudulently.
Great vraag, daar is nie veel oor eiendom nie maar ek sou se RICH DAD POOR DAD RICH DAD POOR DAD CASH FLOW QUADRANT Enige of al brandon Turner se boeke van bigger pockets. Boeke van Jason Lee.
It just makes your bussiness more anonymous which gives you some extra protection. You can include your personal details. I just choose not to. Hope it helps 💪🏻
