Posted by B.L.Renfrow on June 15, 2000 at 13:29:04:
Good to see you back again…glad this deal is coming together for you!
I can’'t help with your AZ-specific questions, but in order to transfer title into a land trust, here are the steps:
Create the trust with a trustee of your choosing, naming the seller as beneficiary.
Seller quit-claims the property into the trust.
Seller transfers benefical interest in the trust to you or your entity.
You are correct about selling to your buyer using the installment land contract.
I assume you have Bronchick’s Cash Cow course. I don’t have that one, but I believe all the forms you need are included. However, his land trust course covers that subject in much greater detail, and contains state-specific information, step-by-step instructions and excellent contract examples. If you have time to pick it up before you put this deal together, it’s well worth it.