All Forum Posts by: Shaun Stephens

I am purchasing a property that is financed by the seller, both parties are investors. They have a line of credit attached to this property. What is the safest bet for me? Is it to have them put it into a trust and transfer the trust to me, or simply set up a land contact with wording about the loan being paid.  

I recently had a tenant pass away due to a car accident, I'm not sure about what family he has as he didn't list anyone as an emergency contact in his application.  What do I do now? 

Buy as a sole owner, once you get a few properties then look into the logistics of having an LLC. It doesn't work well as a new Investor.

I'm pretty sure it's going to have to be in one name and the loan is going to have to be in that entity name with you as a guarantor. I'm in a similar situation, if you find a national lender that will take this with less than 300k value I'd really appreciate to hear who you use.  Good luck! 

Hey,  I'm an investor from right here in Chillicothe.  Call or text if there's anything I can do to help you get going.  740-804-2533