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Anybody familiar with Trusts?

Posted on: Fri, 10/18/2013 - 04:32
Anybody familiar with Trusts?

I have a few questions about Trusts.
First is there anybody familiar with investing in this fashion as oppose to other purchase and sale agreements?

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Adam Macias


Posted on: Fri, 10/18/2013 - 16:26 #1
10 reasons - land trust

http://www.dealmakerlibrary.com/10-reasons-to-use-land-trusts-to-buy-rea...

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Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Fri, 10/18/2013 - 17:52 #2
Trusts - Avoid seasoning requirements

I use land trusts as a work-around to wholesale govt and bank-owned props with seasoning restrictions (required holding periods). Some people use an LLC for this, too.

Liz Eastlake


Posted on: Fri, 10/18/2013 - 20:12 #3
Great info Mike!

I will make a note of this!

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Posted on: Sun, 10/20/2013 - 14:53 #4
Awesome.

I've been working with a real estate attorney on this for about a month now.
It's been hard trying to switch my thinking away from a typical double close.

One thing I was concerned about was do you make the offer to your realtor with the actually trust agreement or do you save that
For the title company to use?

Also, do you have to have a notary sign all documents while making the offers or is that only necessary after an
Offer is accepted?

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Adam Macias


Posted on: Sun, 10/20/2013 - 14:54 #5
That..

That definitely helped a lot! Thanks for that information!

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Adam Macias