I want the benefits of real estate.

The party giving away ownership is the grantor (they are granting title) The party receiving ownership is the beneficiary (they are benefiting)I know others have different views on the protection (or lack there of) a land trust may or may not provide.

Yes, when I am dealing with a homeowner, I make sure to explain the benefit they would have by selling to me and to not receive a 1099.

I want to make sure I am getting the correct loan so that I can hold the property in the LLC so I can get the tax benefits and liability protection that comes with it.

Weathie: Thanx for the response, you are totally right, this property will never be a winner in terms of cash flow and its keeping all my money tied up, I guess it's just hard to sell it since it's been in the family for over 20 years (you know how it is, emotional ettachment lol) As for the triplex thing everything was done by the book, 3 appartment approved by the city and ive got the right zonage so no problems there.Here's my financial situation : I have a full time job earning me 43 000$/year plus benefits, I've got no debt whatsoever, and I don't have any savings except for the money in this property, a small 3000$ in the bank and my retirement account wich I can't touch.

EricI agree a major benefit for one to work with you is you are an advocate for them in an effort to TRY TO PERSUADE the bank not to come after them but their are no guarantees and if we told the customer anything to the contrary we (or you) could be sued or even worse.

They are a real law firm that knows how to jump through the big three credit companies hoops for your benefit.

Essentially they were telling you to do things, without also telling you the benefit of doing it.

i've gotten calls with business cards. i use either yellow and black or orange and black and there's copy all over them. it's a benefit rich card with my toll free number on it and the type of properties i'm looking for, the fact i can move quickly and with a call to action. i drop them at gas stations, pawn shops, bookstores, home depot, pretty much wherever I find myself at any given moment in time. it's a low cost way to get deals.my other favorite way bandit signs. in my area i don't do light poles i use the wooden stakes and place them in high traffic areas. i put up multiple signs in an intersection that way it makes it easier to remember the number and i also put them at the next intersection following the direction of traffic so they see the sign multiple times.check with the statutes in your area to be sure you don't run afoul of the law.

The main challenge I see is to convince the seller that you are a good, well organized investor, who will take all the burden off of them, giving them regular guaranteed monthly payments, while they continue to receive all the tax benefits of ownership, during the term.