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Updated over 3 years ago,

User Stats

119
Posts
98
Votes
Jabbar Adesada
  • Rental Property Investor
  • Beaufort, SC
98
Votes |
119
Posts

Land Trust to Reduce Risk of Due on Sale Clause

Jabbar Adesada
  • Rental Property Investor
  • Beaufort, SC
Posted

Hello BP!!

Anyone familiar with how one can use a land trust to gain ownership interest in a property? Pros and Cons? I have been doing research and found something saying by utilizing a land trust one can reduce risk of the due on sale being enacted on them a clause most convenienal mortgages have. I want to partner with someone on a deal where they will be obtaining the loan and I will be bringing forth the money/asset management essentially. Any tips, attorney advised to just quit claim, in spite of the due on sale clause and wanted to see what other options I have. Both of us would be 50:50 on everything

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