All Forum Posts by: Bob Olah

Any suggestions on a good rehab, hard money or private money lender in Connecticut?

Thank you Steve

I am thinking about creating a new LLC .
Anyone here use Rocketlawyer or legal zoom? Just wondering what is best.

Oh one more thing If I do a subject to looks like placing it in a land trust is the way to go.....Lease with option if I want to sell... Simple.... Now a creative attorney is what I will look for

Well thanks again I will definitley look for a attorney who does these type of deals

Thank you for the advice I will look for a attorney here in conn who does these types of contracts. I figured when the lawyer said it was" mortgage fraud ", that might have meant that I needed to find another lawyer...... Anyone know a good lawyer here in ct? thanks

I just wanted to see if a land trust is still used today to take title to and get the deed, do you draw up the land trust or have a attorney? I spoke to a attorney about taking over a property and she said that it was mortgage fraud........

Thank you guys for the input here, this is why I asked the question, I knew I would get some good responses.
Thank you again

Thanks guys for the info, do you use a lawyer for your land trusts or do you do them yourself? Do you get the deed?

Hello Guys,
I have read so much from soooo many investors that I really want it clearified here please.
If I find a motivated seller who just wants out of a property, Can I buy it legally with owner financing? I do not want to use lease options ( I do not want to flip it, plus what if something happens to the owner of the property)? I like the idea of getting the deed and owning without all those conventional banking fees and expenses.
But what is confusing me is the due on sale clause? Some people say you can do it and go around it hoping the bank does not call the loan due. Some people say no don't do it, its sneaky and your hiding it putting it in a land trust because you never record it.
Can I have some input on what is the correct way to buy and hold (while getting the deed) to a owner financed property with a existing loan?
Seems like quite a few people here have taken over existing mortgages .....
Subject to, land trusts, etc.... Last question, do you use a lawyer for the final closing or contract assignment?
If this is too much you can email me. Bob
Thanks for all the info......