Ben Wilson, Reo Stevens & Ian Alldredge killing it!

Trust have been around for a long time and used in dnrfefeit methods of purchasing properties or used by families to pass property to the younger generation without paying taxes or going through probate.Trusts were used back in the 70 s when the government passed the due on sale legislature. This prevented the buyer from assuming the current owners low interest rate. When this legislature was passed a person that wanted to buy the house had to get a new mortgage loan. The laws went into effect on a Friday, I think, there were lawyers giving seminars on how to avoid the due on sale clause by placing the property in a trust in favor of the seller. The seller would then sell the trust as oppose to the property thus you got around getting a new mortgage loan.It does not cost any more selling a property through a trust as though you were selling it without a trust. It is just another method in which to sell the property, it has nothing to do with the price. A buyer is not gonna pay $200,000 for a $100,000 house no matter which method is used, be it a land trust, or rent/lease to own. This method would indicate he is buying the property under his name,then placing them in some type of trust to resell them to other investors. He acts as the whole seller, selling these properties to someone that would fix (Rehab) them and either rent them to renters or sell them to potential homeowners. As far as him being more forthcoming with how his method of using a trust works, you would have dig him for more information. I don't think he is trying to entrap you or get you involved in his flipping business. Flipping is still alive and well, you would have to change your methods to keep up with the latest trends. The methods used several years back are no longer prevalent, however, flipping is still a viable way of earning a living as a real estate investor.I hope this has been of some benefit to you, good luck."FIGHT ON"References : Was this answer helpful?

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