How do I tie up property w/o - Posted by Dianna

Posted by Brent_IL on April 01, 2002 at 14:28:52:

Take title in a land trust for estate planning purposes. Assign the beneficial interest in the trust to your buyer. Trusts are cheaper than corporations or LLC’s.

How do I tie up property w/o - Posted by Dianna

Posted by Dianna on April 01, 2002 at 13:41:09:

There’s a property listed w/realtor. I would like to make cash offer, but don’t have the cash. I think if I can get them to accept my cash price, that I can flip it to a rehabber. How do I do that (mechanics of doing it) without writing the offer “and/or assigns.”?

Dianna in Seattle (obviously a newbie to the creative financing)

…soon to be a reformed “conventional wisdom buyer of real estate” (All of my currently owned properties were secured with bank financing. It worked, but I’ve run out of credit)

Re: How do I tie up property w/o - Posted by Dan O’Connor

Posted by Dan O’Connor on April 01, 2002 at 22:23:27:

Dianna,

If you have a solid deal with the rehabber,why don’t you simply do a double closing?You won’t need to come to the table with any cash.
Hope this helps.

Dan