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Updated about 5 years ago on . Most recent reply
203K with Illinois Land Trust
My brother and I are investors in Illinois looking to purchase a multi family with one of the occupants being our parents. Since they will be living there, could they buy the property and put it in an Illinois land trust with my brother and I as beneficiaries? That way, sons pay for the down payment, make the payments, parents are the residents, and sons acquire ownership in the future. Would this work?
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- Real Estate Investor / Joint Venture Specialist.
- Crown Point , Indiana
- 238
- Votes |
- 1,571
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Call Paul Haske a real estate attorney from Haske and Haske out of Elgin, IL.
Tell him Nick Feliciano referred you and he can answer the trust questions and advice is always free!