Conventional financing for fractional ownership---who is gone mainstream with this type of financing?

The numbers look good on paper and I still get their emails - one of them said "stress free ownership".

Worry free ownership is what I look for.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

That’s easier for a buyer to get into the deal, but for the seller it translates into them getting $38,400 for that same land instead of only $25k.The seller could also do a land contract, with essentially the same type of terms as with the owner-financed deal, the difference really being that instead of the seller having just a mortgage lien on the property till it’s paid off, they actually retain full ownership of the land until the contract is paid in full.I would have the seller tell you what they wanna get for it, then tell them you’ll add your fee to it and find a way to make it happen… and then come back a day or two later and tell them that you found a way for them to get their price, for you to get your fee, and for it to still be appealing to potential buyers… Then walk them through the deal, how it’ll work, explain to them how your way is more beneficial for them overall, explain how your way opens up the floodgates of potential buyers now, and most importantly explain to them that doing things deals this way is very common when buying and selling land, and how its really the only way for them to get what they want outta that land 👌If you act like an expert on the subject (or at least more knowledgeable than they are) I promise they’ll most likely just follow your lead because they trust you to get it done.And if they are truly motivated to sell, then they’ll welcome with open arms any creative thinking that will help them get what they want.Good luck!

After speaking with a real estate attorney, they had recommended transferring ownership of the property from the land trust into an LLC and dissolving the land trust.

Below is a list of the most common record statuses and their meanings: Deed: This document shows the transfer of ownership from one party to another.

When the underwriter has to sift through operating agreements to determine who the members are and struggles to understand who possesses ownership interests that trigger that particular lenders guarantee requirement you are doing yourself more harm than you are good. 

In addition, you'll want to check with your state, as you might need to update your LLC’s operating agreement and notify the state business registry of the ownership change.Even if you haven't done any business this year through the LLC, you may still need to file a zero return for this year depending on your state requirements and whether your LLC has any outstanding tax obligations.

I would provide notice that ownership has changed and ensure they understand the payment process and expectations.