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Updated over 13 years ago on . Most recent reply

Bobby W.'s profile image
Bobby W.'s profile image
Bobby W.
  • Real Estate Investor
  • from NEW YORK CITY, New York
  • Member since Apr 19, 2011
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Bobby W.'s profile image
Bobby W.'s profile image
Bobby W.
  • Real Estate Investor
  • from NEW YORK CITY, New York
  • Member since Apr 19, 2011
Connect
Bobby W.
  • Real Estate Investor
  • NEW YORK CITY, NY
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General Real Estate Investing

How can I be the first lien holder?

Bobby W.
  • Real Estate Investor
  • NEW YORK CITY, NY
Posted

Hi everyone,
I'm currently a 60% investor on a rental property out in California and was wondering how I can be setup as the first lien holder on the property? Do I need a trustee even though the property is 100% paid for? I'm only expecting to hold the property with this group until the tenants vacate and then they can sell, so I'm not looking for monthly payments, just the profits after the property is sold.
Thanks...

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