Posted by Terry (Houston) on January 18, 2001 at 20:33:52:
At the risk of sounding redundant you might want to get a lot of help here.
Bronchicks Cash Cow course. $295 or whatevet it is would seem like chump change for the potential profit or liability exposure you could have on these deals.
Assemble your Team:
a. Real Estate Lawyer
b. Title Company that knows what you (and they) are doing
c. CPA to guide you for tax reasons
d. Marketing (Though it sounds like you have that down).
e. Mentor, guide, Real Estate club someone to SEE the Doc’s and do the deals right.
There are a list of doc’s you would need to transfer the title and do the subject to deal correctly.
Putting the property into a trust and signing the contract subject to the existing loan are easy.
Title Insurance and closing with a GOOD title company can cost a little but well worth the money. Your tagline on your email says Realty Agent. If that is the case you should have a lot of this knowledge???
Good luck with the deals