Also, do you have properly recorded documents for the loan?

Months later...Josh Cantwell, "rementor", (a guru) claims to be using this effectively in a short sale context, and claims in 70% of cases, a recorded memo of options satisfies title seasoning requirements too, as long as it takes 3+ months to get the SS approved/closed, not unusual at all.

Please consider uploading a personal image so you stand out a bit, and so we can recognize you better as you travel the site.Good luck and I hope we'll be seeing more of you here on BP!

Teh key is to invest with someone who knows what they are doing, has a great track record, and your lending position is always first position and not to exceed 80% of low end value.That way, you are assured your return even if you did have to foreclose.I am not an attorney so I am not sure if I am 100% correct on the BK issue, but your recourse is first in the property (which if done right has enough equity to get your principle back and in this case, I believe it would not be considered a buy and flip so no UBIT - check with an attorney on that) and second (in my contracts) I persoanlly sign my own credit on the line and thus, if you were to foreclose on me for non-payment (which has never happended by the way) you could then go after my personal asseets in addition to the subject property in the case that your full principle and interest was not covered from taking back the subject property.As an investor, I would want every recourse possible to get my money back (securing my investment) and as such, I offer that security to my private investors.I still want to get this money out of the IRA with the least loss possible.

Hi Dottie,You'd probably have to check with the local authority in charge of manufactured homes - see what they've got in their records and how they see this property - i.e. real property or personal property.

County records are good in some places as is a title company.

Do I really need a DBA, or since it's residential property can I just keep good records and have everything in my own name?

The title company instructed me to take them to the county and have them changed on public record.

all I care about are 'Solds'what are or have been selling at what price.Obviously the MLS is one of the easiest ways to find this out quickly.I do use a separate service that only operates for my particular county and they access all the records and compile the list for me.

recording a deed is not illegal. that what a classic "sub2" is. you are taking the house, by a transfer of deed.