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Updated over 2 years ago on . Most recent reply

User Stats

202
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282
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Sean Bramble
  • Investor
  • United States
282
Votes |
202
Posts

STR permit when you don't hold legal title?

Sean Bramble
  • Investor
  • United States
Posted

Context: I've got a deal in the pipeline that would require a contract for deed/ executory contract ... meaning I would take equitable title, but legal title would stay in the seller's name until I pay them off. Long story, but it's a creative solution that makes sense for this deal. 

Question: if the county the property is in starts an STR permitting process (they don't currently), will I be able to get a permit even though I am not the legal title holder? I imagine people doing rental arbitrage ponder similar questions ... would love some input! Thanks everyone

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