HOME4GOOD


All About HOME4GOODLLC

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Name: 
KENN PENMAN

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Loan

I am interested in speaking to you about your situation and ideas. Have you done any deals yet? What is your focus?

PM me back.
Judi

Trust to avoid probate and inheritance exposure

HOME4GOODLLC's picture

Does anybody know about this?

I know of it, but not about it. My wofe's ex has been diagnoesed with bladder cancer. He has his properties inhis will, but I know this is not a good idea. Who knows about trusts, with respect to real estate, and how they can mitigate the effects of probate court? Or am I all wet?
Thanks - it's kinds urgent.
Kenn

RE Strategies & goals

HOME4GOODLLC's picture

Rina,
I tried to answer you months before but got my hand slapped due to content and just didn't get back to you.

basically, this is my plan; a 5-year plan consisting of:
Education/Wholesaling
Education/Buy&Sell
Education/Buy&Hold
After 5 years, have REportfolio that will sustain my wife and I into our retirement and beyond...

Of course, funding is an issue right now for buy/sell (rehab).

Wholesaling is my current strategy that I am working. I've partnered with a local realtor/broker and am looking at HUD homes exclusively. since he is NAID qualified, he can submit the bids for me, but agian, funding is an issue. It really is a "chcicken and the egg" situation...any suggestions? I'm in Miami, FL.
Regards,
KP