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I'd like to use an online legal source to set up a living trust containing one asset only: a single family home. There will be only one beneficiary as well: my son. Local attorneys are charging $2000+ to set this up. ...
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I am starting my direct mail campaign and while searching the Maryland state records for AO's I have run across a few that are listed with an owners name and then they are listed as a trustee. I am not 100% sure what...
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I'm not sure if this is the right spot to ask this question, so please let me know if it's incorrect. My father-in-law has been dabbling in real estate since he purchased his first parcel of land at 16. He's a small t...
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Hi All,
I’m new to investing and am getting creative with getting my finances in order.
My original plan was to add my name to the deed of a house owned by my mother which has a minimal mortgage remaining(about $50k...
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I was reading an older book (2000) by Dallow where he states that in foreclosure auctions in NY, the buyer has to pay the homeowner $10,000. But I can't find anything online to confirm that. If anything, it sounds l...
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I am doing a little due diligence on a flipper I am considering loaning to, and he says that because he uses a land trust with an llc as a beneficiary, there are only a few insurance companies that will insure the pro...
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I've been reading about land trusts and it seems that they might be a better vehicle for buying homes that are mortgaged because they may not trigger the due-on-sale clause.
If I wanted to buy a house subject...
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As i am examining all angles to purchase investment properties. I am wondering could i use a families credientials as first time home buyer to get a property taking on all expenses however being left as beneficiary an...
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HI Biggerpockets Team,Happy Thanksgiving!I have searched biggerpockets for info on getting a loan on a house in an irrevocable trust and found some info but needed to ask again.Here is my story....my grandmother had a...
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I'm the trustee for my mother's revocable trust and am working to diversity her holdings. She has dementia and can no longer handle any of her financial affairs (she's been declared incapacitated by two physicians). ...