I plan to start investing using either the short sale or assignment of contract strategy. I have seen on numerous examples that the checks that are written out to the investor from closing companys usually have a Land Trust name on each of them. How do you go about getting a legal land trust name if you plan on using it often for contracts. Do you have to pay someone each time to draw up a land trust for each property or what?
Land Trust
I plan to start investing using either the short sale or assignment of contract strategy. I have seen on numerous examples that the checks that are written out to the investor from closing companys usually have a Land Trust name on each of them. How do you go about getting a legal land trust name if you plan on using it often for contracts. Do you have to pay someone each time to draw up a land trust for each property or what?