Michael you have to check around. The first attorney/title company I called knew exactly what I was trying to do and had no problem whatsoever. Others on the board here have trouble finding anyone at all. Getting referrals from other REIs will help. Other than that, just call. Ask you mortgage broker if they know someone, or your realtor, that’s where I’ve gotten several good leads.
My question is since it would be my first time buying subject to, should I just get the seller to sign the P@S agreement and let an attorney do the rest(title search, land trust,etc…)? If so how much should I expect to pay to have this done? I just don’t want to screw the first one up.
I would find an attorney that knows what you are trying to do. I found mine through other investors at my REI club.
Title insurance varies with the property. A closing goes for around $200 to $250+ title insurance but that is my area.
Get to know your title company. Talk with your attorney and make sure everyone is on the same page.
Also get Cash Cow. That will help you make sure you are understanding what everyone is talking about. It helped me greatly in talking on their level. It will also give you some ideas on structuring the deals.
Did you have your attorney help with your first subject to deal? Also, will a title company understand what I trying to accomplish with me taking property subject to and putting it into a land trust or are most against creative deals?