Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Raymond Jolly
0
Votes |
3
Posts

A question regarding a property sale contingency

Raymond Jolly
Posted

Happy New Year Everyone!

This is my first posting on BP so I apologize if my terminology is not precise.  I am seeking advice on a particular matter. My daughter is currently a Freshman at an urban university and I have been interested in buying a property where she could live with fellow students while charging rent.  I came across a potential candidate but the property is owned by a conservancy which desires that the acquiring homeowner move into the property.  Would it be possible to set up a trust to have the asset listed in her name so that she meets this qualification?   I understand why the seller would want this contingency but is there a way to still make this purchase while still meeting this legal requirement?  If this is indeed possible and if you live in NJ, do you have an attorney that you could recommend on this matter?

Any advice on this matter would be appreciated.

Regards.

Loading replies...