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.

I need to find out if their current mortgage would be assumable and if that pathway would be better than the going rate.  

This has been a real mess for them.If it was one of my properties it would have never gotten this far.             

Backstory : My name is Bryant and I am a real estate investor located in Bryan / College Station, Texas.

Thank you,Hi Alex,Welcome to the exciting world of real estate investing!

We can sometimes find houses built in the 60s-80s with these ratios but never new construction and definitely not in safe locations.

Real estate here is expensive.

Just post some of the neighborhoods of the homes you find and we can give a yay/nay.

I'm Darren Haddock, a passionate upcoming real estate investor with a keen eye for promising deals and a drive to collaborate with like-minded investors.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.