Closing Sub 2 Question

Has anyone ever tried this? Get an assignable contract from a seller willing to let you take the property subject to, have a real estate trust created, assign the contract to the trust, and then close? Good idea? Bad? Or is anyone even listening? Thanks!

Comments(2)

  • jeff1200230th March, 2004

    There's several opinions about using trusts to hold title to real estate. I personally like them, and so do many others. There are several on this website that I respect the opinions of that don't use them. Read up on anything you can about trusts and form your own opinion based on your personal objectives.

    Good luck,
    Jeff

  • rjones31st March, 2004

    What are you trying to accomplish by doing this?

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