The buyer/borrower would need to fill out a complete application like they would at a bank and the seller would need to have a mortgage loan originator approve the file.

Just type "Land Trust" or what ever else you want to search for, into that search bar.For contracts and forms, try searching the BP files place. https://www.biggerpockets.com/files

Either way, I would have a licensed title agent handle the closing and file the Deed of Trust/Mortgage (depending upon the state).

But don't think it's going to be perfect, and you're going to be filing to get a good profile around that little corner.Either way, we're talking a lot of blades, and at $5.00 and more a pop when buying them in singles, it isn't worth it.

I’ve seen a lot of 1031 deals go south as people rushed to hit deadlines and ended up with a dud.

I ran a check on one of my prospects for the office space and the service returned as 'Decline' because of a criminal record on file that happened 22 years ago for possession of a control substance.What would you do in this case, for a residential customer I would have simply declined , but for a office space , with small enough rent, should I take a risk of rent it to him?

Filing as single, unmarried.I believe after 3 yrs (2/5 rule) i may loose my 250 tax exemption, but do i retain some type or amount of tax exemption at the amount the property is worth at the time of the conversion to a rental, ie: Is my new tax base the value of the home at the time of conversion?

Pure "Owner Financing" is when there is no mortgage (about one third of the properties in the US have no mortgage on them) and an attorney writes up a mortgage which then gets filed at the court house just like a bank would do.Here is an example where I took over the mortgage and now own the propertyhttps://www.biggerpockets.com/forums/311/topics/780022-3-ways-to-wealth-in-real-estate-cashflow-flip-hold-here-s-how

Without seeing the filings I wouldn't know, but I do see a lot of newer investors buying foreclosures off of the subordinate liens, both second mortgages and, especially, HOA liens.

California real estate trust accounts as related to property management confuses a lot of people because of the word "trust" and how most people/institutions think of this word.Google California real estate trust to find all the information you need from California Department of Real Estate.http://www.dre.ca.gov/files/pd...http://www.dre.ca.gov/files/pd...When first establishing and opening these accounts, it may be helpful to print out this information and bring it with you to the banking institution.