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Updated about 1 year ago on . Most recent reply
Need help with a subject-to land trust or LLC
Hello everyone! I am in escrow for a subject-to deal that I will be using as my primary home. I only know the basics when it comes to creative finance. I am worried about the due on sale clause as most people are who are purchasing a subto property. I need advice. I've heard a trust is the best way to structure it. But someone mentioned an LLC would be better. What are your thoughts? I also need referrals for attorneys who can help me with this on the fly! And not too expensive haha. I'm in the Tampa area. Thanks!!
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Walking the line of fraud isn't a good plan and with the seller as trustee if they file BK, divorce, have a judgement it sticks on the property.