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I sold a house owned in a land trust. My LLC is the beneficiary and I am the trustee. The proceeds check is written to the 123 Main Street Trust. The trust does not have an EIN or bank account. I am having trouble...
Is anyone out there using the family trust to get short sales approved?
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Hi everyone,
Recently went under contract with a Wells Fargo REO. Upon title search my attorney has discovered the following:
Previous owners of the house transferred the ownership to their living trust.The bank for...
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Hi BPers (and, I hope, helpful lawyers),I have read online that one can secure traditional financing while getting asset protection by getting a traditional residential mortgage in one's own name, putting the title in...
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Does anyone has any experience purchasing properties under trust? Any suggestions or tips to share?Thanks in advance!
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Hi members,What is the preferred way to hold investment properties? My attorney(estate planning attorney) suggested two options.1. LLC or...2. My JRT (joint revocable trust) that I already have and buy umbrella polic...
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I am fairly new to wholesaling. I would like to use an LLC as the purchaser, then assign my interest to the end buyer at the closing. My question is would I set up the LLC first having it on standby?
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can you wholesale a short sale, property? The owner wants to quit claim it over to me. To make it easy does that help anything?
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Hi everyone
I am an investor in Philadelphia and Delaware that has a question about double closing (or any other way to do this transaction).
I have contracted with the owner of a multi unit mixed use property to bu...
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I wish to assume the loan on a rental property I inherited. The trustee says the trust can't be closed because the loan is still under the name of the trust. The bank (wells fargo) is refusing to do this.
A retired a...