How many agents are really doing transactions----not just going through the motions.

Alternative to that would be using truly self-directed Solo 401k, where there is no custodian, you serve as a trustee of your own plan, have checkbook control and bunch of other benefits:Solo 401k offers Participant Loan Feature which allows you to access your retirement funds any time for any reason (example would be investing in a transactions that would be otherwise prohibited).

We’ve been approached for a transaction like this before and our office will not take on that liability.

I was thinking to use a transactional lender for the rest.

The fees will be that of a typical transaction except closing costs should be much less due to the fact that there is no financing involved.

The transaction should go through the Title Company.

Does anyone know of a title company in Lexington KY that does Assignment and Simultaneous Closes without transactional funding?

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public recordExisting loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

Often, these transactions take advantage of uninformed, low-income homeowners; because of the complexity of the transaction, victims are often unaware that they are giving away their property and equity.

My plan is to offer my services to real estate investors and gain transaction experience so that I may start investing myself.