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Updated about 8 years ago, 09/20/2016

Robert Hursey's profile image
Robert Hursey's profile image
Robert Hursey
  • Investor
  • from Glen Carbon, Illinois
  • Member since Jul 29, 2016
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User Stats

38
Posts
7
Votes
Robert Hursey's profile image
Robert Hursey's profile image
Robert Hursey
  • Investor
  • from Glen Carbon, Illinois
  • Member since Jul 29, 2016
Connect
Robert Hursey
  • Investor
  • Glen Carbon, IL
7
Votes |
38
Posts
Tax, SDIRAs & Cost Segregation

203K with Illinois Land Trust

Robert Hursey
  • Investor
  • Glen Carbon, IL
Posted

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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