using a trust in sub2

[mesha]

how do you explain to a seller the need for a trust in a sub2 transaction. i know if i were in the seller position i would be skeptical about signing the deed into a trust. could you just have them sign the deed and leave your part blank until you get it notorized.?

[$Cash$]

mesha,

Glad to meet you.

"How do you expain to a seller the need for a trust in a sub2transaction."

Out of curiosity why are you using a trust?  Also if you feel you need to use one why do you feel you need to explain it to the seller?

John $Cash$ Locke

[mesha]

hi john,
i have read other posters who have read your course and i understand that you reccomend not to put it in a trust. i was just curious because i read about it in other places. i'm sure you don't put your properties in your personal name. what type of entity do you use?

[$Cash$]

mesha,

I recommend not putting a property into a trust for some of the reasons that most investors think a trust will do for them.  I have heard reasons that are absurd as to what a trust will do by the un-informed.

I also recommend having an attorney and tax advisor, this is a business and having professionals on your side who understands your particular situation is far better than some generic answer as to what is best for "you".

I use LLC's for purchasing properties Subject To.

Johyn $Cash$ Locke