All Forum Posts by: Raelon White

I am trying to buy a home that's owned by a trust. How do i write in the seller on the purchase agreement? Should I use the owners name of trust? Should I just put the name of the trust? do I have to state anything before or after the name of the trust to show its a trust? 

@Sue Deng Did you ever figure out how to buy from a trust?

The dad did not have a Will unfortunately. There are a total of 5 sibling heirs. I have gotten the okay from 2 out of the 5 so far. Only thing I really have so far protecting me is the lease. 

I have A seller who wants to sell her Dad's House for $50K. the ARV is $176,000. The house hasnt went through probate process yet and i offered to pay for it so I can buy the house but im worried it will be issues with the other heirs. The first born daughter has already agreed she wants out but i wanted to get the signatures of all 5 heirs just to protect myself before paying for probate. Any Ideas or recommendations? I already Got the oldest daughter to sign a one year lease that gives me RIGHT OF FIRST REFUSAL. For those who arent familiar with RIGHT OF FIRST REFUSAL it allows the tenant (ME) to get the right to buy the house first and match offer if anyone else tried to buy. The house needs alot of work and isnt livable so I dont think the heirs would want it but the family hasnt spoken to each other in years and have bad blood. 

Sites I found

https://libertyrent.com/pmcs/

https://www.theguarantors.com/

https://www.insurent.com/landl...

The services charge tenant upfront fee and will insure the rent payments. Anyone have experience using service like this? Any cons? Any recommendations for companies to use? 

I want Tenants to Pay 1st Month Rent, last Month Rent, 1 Month rent Security deposit and also put credit card down just in case.

Anyone have experience requiring tenant to use credit card as backup security deposit?