The land trust consists of a trustee (which for all practical purposes is the legal owner of the property) and it has a beneficial interest (which for all practical purposes is the real owner of the property).So, when selling subject-to, some people recommend putting the property in a land trust.

Is it legal to list someone's home with an agent when I have the home under an option contract?

There are different forms and legal issues involved that someone untrained may not know about.I am interested in locateing any property investment clubs in SE Tenn.

The board runs the show, and has both financial and legal responsibilities to you and your fellow condo owners.

The closing took about 30 SECONDS, the legal fees were less than with a loan (Texas is a "Trust Deed" state), and the monthly cash flow was in fact, cash flow.Hmmm, I do babble on, but now you know more about me than you really wanted to.all cash

The following are possible answers with some possible conditions:1.Out of town owner – unfamiliar with current market conditions2.Incompetent to negotiate – power of attorney3.Passed away/executor of estate – quick sale, legal authority4.Real estate broker or organized selling entity – it may be overpriced.5.Bank officer or foreclosure agency personnel dept. – lower your offer6.Sophisticated lease optioning reseller/investor – big bad wolf!

Is it physically possible, legally permissible, and financially feasible?

My usual deal; $2K down, $500 legals (I prepare the docs, so that all goes to me), 2 months prepaids (escrowed with me), and one year's insurance paid up front.

Here is a list of steps you must take to be effective:[b]1- Plain white legal size envelope.Bright colors piss owners off as they think that you are bringing attention onto them.

Too often people are so excited that they have found ANY property and that they can afford it these days that they don't take the time to consider everything you have stated in your article.One big newbie mistake and you can ruin your landlording future for the rest of your life.The only thing I would tack on to the end of your article (if you don't mind me saying so) is to make sure AFTER you have selected a great property and are ready to rent it, that you have someone that REALLY knows what they are doing to mentor you through the actual rental process... making sure all of your docs: application forms, lease agreements are legal for the state their property is in and not inadvertently violating HUD laws.