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I purchased 2 properties via Sub2 back in 2010 from another investor. He assigned the Beneficial Interest in a Land Trust (current deed holder) to me as well as a POA and other docs. Mortgage stayed in his name. We...
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I was impressed by Quest Trust when I went to their Expo in September of 2022. Based on speaking with them their, I paid a rather hefty fee to transfer my solo 401K to them and have it reinstated and the fee covered ...
When using Conventional or Government Backed Financing, at what point do you safely move the property to a land trust/llc without triggering due on sale clause.Share your experience.
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I am desperate to receive help since we suppose to close on a cash transaction deal today and the IRS has frozen the account. I am trying to work with a hard money lender but the main issue is the association doesn't ...
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How to handle account been closed by Equity Trust without my consent ( They did informed me for 30 days, I was overseas and can't do much logistically to transfer out real estate properties, I just came back to the St...
Hi all -I have a seller who's not too keen on the idea of wholesaling. I'm about to put his property under contract. The person I'd like to wholesale it to is a friend of mine who I trust. Could my friend and I create...
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Hello BP,Would any RE attorneys/someone who has experience in this Seller Financing process to help me verifying if the below TERMS are okay for my side (Seller)? Just a little background, the Buyer will put 50% down,...
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I just flipped 3 properties today to a all cash investor using a land trust. I had never done it before and I was skeptical but I closed all three deals same buyer within 3 hours.
Here are the steps if you want to u...
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Hello all,
I've been browsing this forum for a long time but this is my first post. I would appreciate any help you can give me. Ok so like many of you I've been investing in short sales and buying under a land tru...
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I was reading up on Land Trusts recently (for wholesaling purposes) and decided I would give it a shot.
The process would be as follows:
Make offer as YOUR NAME "trustee of ABC Investment Trust"- exa...