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Updated over 11 years ago on . Most recent reply

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William Hanlon
  • Investor
  • Syracuse, NY
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3
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Looking For Support

William Hanlon
  • Investor
  • Syracuse, NY
Posted

Looking to learn more about no cash deals or taking over payments. I see these signs every where. How can someone take over payments? Its my understanding that you can only take over FHA and Military loans without the due in full claus. Looking for some support to get started. Any feedback would be greatly appreciated.

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198
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49
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John Fossetti
  • Investor
  • Pembroke, MA
49
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198
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John Fossetti
  • Investor
  • Pembroke, MA
Replied

Here in the state of Massachusetts I utilize the power of Realty Trusts when doing lease Options / Subject To's. I would highly recommend that when you build your power team, talk to your Real Estate Attorney on the laws and find out if your state can utilize a Trust to take ownership of a property. You will be the Trustee with the seller being the beneficiary for the first $X that you agree on.

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