Flipping REO's via Land Trust

[Anthony Clayton]

I just flipped 3 properties today to a all cash investor using a land trust. I had never done it before and I was skeptical but I closed all three deals same buyer within 3 hours.

Here are the steps if you want to use a Land Trust to flip:

1. Put in your offer as xyz title vesting tba in escrow.
2. Get offer accepted.
3. "Street Name" Land Trust Trustee xyz (whatever buyer that is in Step One)
4. Find a cash buyer
5. Sell your land trust to Cash investor ( Wholesale Fee)
6. Cash Investor is the 100% beneficary
7. He wires money to escrow.
8. Property sold
9. Beneficiary (Cash Investor) fires xyz as trustee and assigns his own trustee for property.

NO EXTRA COST FOR A DOUBLE CLOSE USING TWO ESCROWS

NO EXTRA COST FOR TRANSACTIONAL FUNDING

NO COMPLICATIONS WITH ESCROW AND TITLE

[Anthony Clayton]

Sorry you guys,

You cannot buy this on legalzoom.

You have to get this with a real estate attorney that specalizes in asset holding.

Let me break down the steps:

1. Get a property under contract with your company as the buyer.

2. Send an addendum to have title vesting XYZ Land Trust, "name of your company" as Trustee, for privacy reasons.

3. Find a end buyer.

4. Sell your land trust to your end buyer for your Wholesale fee.

5. Then the end buyer and your agent will continue the closing procedures.

FYI... Your end buyer will get 2 checks. One check for your wholesale fee and deliverance of your land trust and the other check to close on the property.