Thanks Bill for illustrating one of many reasons to have a good contract in place.

David,Actually the trustee would collect the lease payment and these trust only work in the US I don not how the UK structures their land trusts..A land trust protects the title/deed due to the holds both the legal and equitable title to the property thus they own and you now are assigned a beneficial interest so you effectively control but own nothing.That means a creditor can not look up your name on property you own and lien the title if they can it can prove to be very difficult to sell w/o settling the debt first and provide a clean chain of title.You also have a degree of asset protection as well of the beneficiaries in the trust and I can on and on.This is why a beneficiary in your property can NOT claim equitable interest due to the trustee has equitable title.We take full advantage of US tax laws in how the trusts are setup..We follow federal law..Ralph: I appreciate your input on LLC's and aware of LLC setups and would probably do that unless it was an involved setup..thanks for the advice though.The trustee is the management and collection company yet your LLC can also enforce it as well in being a beneficiary..If you forward me your email I will send you the 30 benefits of using them in your investing.. a good read and no soliciting just wish to provide helpful information.Do what is best for you I just wish to illustrate the advantages in using land trusts to control property..

If you think that article is about health care, then that means you *ONLY* read up to the third paragraph, which was a single example to illustrate the point of the REST OF THE ARTICLE.Sorry, but you clearly *DIDN'T* read the article...JSCOTT- 2nd post- You failed to list the actual % drop in real estate...Huh?

Your friend illustrates my point.

(don't apply the landlords 50% rules here, no need for them) 10k down - 8k to bring current is = 2k pocket.....( not great but still pocket money ) $400 a month cashflow +/- a few bucks (this deal is just for illustration purposes) 2yrs later your tenant buyer actually buys the property from you for 10k/15k/20k above what is owed on the mortgage...... 2k upfront $400 +/- a month cash and your choice of the backend.......

Matt........Sub's work in any market........it doesn't matter if we're appreciating 100% a day. that 1 guy/girl/couple that just got transferred from their job doesn't have time to hire a Realtor and fix up the little things that needs fixing to make it re-sell ready.The same goes for anyone else who 'needs' to sell....for instanceyour selling your home......it's fairly nice and not much to do with fix ups etc....I come to you and show you how if you listed it with a Realtor and it took 30-60days to sell what you'd actually be walking away with....Think about that......Sale price (minus) commission and 2 months mortgage = 5k dollars(ish) ......these are just illustration purposes ofcourse....I then tell you I'll pay you $ for your equity in cash today and close tomorrow.........They just sold their home in 1 day and walked away with money at closing without having to deal with any commissions..again just illustration purposes, I'm sure someone will come on and give a different illustration, the point is Sub2's and L/O option work in EVERY market

He could pick any day.Let me use an extreme example to illustrate my point.

The only reason I point this out is just to illustrate that just because someone was foreclosed on, don't assume they can't afford fair market rent, or even a mortgage for a home at today's prices.That being said, the same home in my description above may rent for $1200-1300 month.

Great illustration, Jeff!

That is to illustrate that a degree follows you, no matter what you do.