WHAT DOES EVERYONE HERE THINK ABOUT THIS… - Posted by Houserookie
Posted by Houserookie on December 06, 2000 at 10:37:36:
Now I’m no expert when it comes to trusts and creative financing, so please feel free to comment.
Considering that most lenders will shy away due to title seasoning and most agents not liking us, here is my proposal.
First, contact a local agent. Find a deal, setup a land trust with investor and seller as beneficiaries.
Investor works with agent to sell property for the benefits of seller and investor. There should be no problem here since investor is representing in his own best interest.
There should be no title seasoning problem since title is still under seller name. The agent is still there and getting his commission. Agent now loves you since you are helping him market the property.
Investor continues to find deals, loan sources, and do creative financing.
If the property doesn’t sell, this positions the seller to enter into L/O with investor…or maybe even Pactrust.