Some day you'll likely be bailing out of RE management and ownership so nothing is tax free, even if properties are going into a trust, someday someone will be paying, IMO (yes, taxes can be avoided but who wants to commit to holding any property forever in reality?

For some of you who might have a distaste for lawyers or more importantly Criminal Defense lawyers, I don't defend people who commit murder, child molestation, rape, child abuse or anything of the sort.

If there is something like that and you sign it you might be committing mortgage fraud.How much better are the terms you are getting on this 2nd than for the 1st?

I think Jay might be talking about title commitments which are something totally different.

We didn't commit but she offered to send comps (which arrived about a week later).

Having a license holds you accountable and requires more of a commitment than watching an infomercial on late night TV and then putting up bandit signs all over town claiming you're going to buy houses for cash FAST!

@Justin Horhn If the garden style condo is the norm or prevalant style in your area, then obviously there is market acceptance for that style of living.

At this point the seller is working with an attorney to clear up the title issue and he still seems committed to selling to us when that's resolved so we're just going to have to wait and see.

I've been wanting to do this for the last 3 years but really didn't commit to it.

A binder is a written commitment by a title insurer to provide future title insurance based on title as it currently exists.