Agreements Notion

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class="widget widget_search"><div class="widget-main"><h2 class="widget-title">Search REI Terms here!</h2> <form role="search" method="get" class="search-form" action="https://reiskills.com/"> <label> <span class="screen-reader-text">Search for:</span> <input type="search" class="search-field" placeholder="" value="" name="s" /> </label> <button type="submit" class="search-submit" value="Search"><span class="screen-reader-text">Search</span><span class="search-icon"></span></button> </form> </div></div><div id="tag_cloud-2" class="widget widget_tag_cloud"><div class="widget-main"><h2 class="widget-title">A – Z</h2><div class="tagcloud"><a href="https://reiskills.com/tag/agreement-for-deed/" class="tag-cloud-link tag-link-188 tag-link-position-1" style="font-size: 10.333333333333pt;" aria-label="Agreement For Deed (3 items)">Agreement For Deed</a> <a href="https://reiskills.com/tag/bank-financing/" class="tag-cloud-link tag-link-130 tag-link-position-2" style="font-size: 10.333333333333pt;" aria-label="Bank Financing (3 items)">Bank Financing</a> <a href="https://reiskills.com/tag/build-a-credit-rating/" class="tag-cloud-link tag-link-127 tag-link-position-3" style="font-size: 12.277777777778pt;" aria-label="Build a Credit Rating (4 items)">Build a Credit Rating</a> <a href="https://reiskills.com/tag/contract-for-deed/" class="tag-cloud-link tag-link-187 tag-link-position-4" style="font-size: 12.277777777778pt;" aria-label="Contract for Deed (4 items)">Contract for Deed</a> <a href="https://reiskills.com/tag/credit/" class="tag-cloud-link tag-link-170 tag-link-position-5" style="font-size: 10.333333333333pt;" aria-label="Credit (3 items)">Credit</a> <a href="https://reiskills.com/tag/credit-rating/" class="tag-cloud-link tag-link-211 tag-link-position-6" style="font-size: 8pt;" aria-label="Credit Rating (2 items)">Credit Rating</a> <a href="https://reiskills.com/tag/credit-repair/" class="tag-cloud-link tag-link-276 tag-link-position-7" style="font-size: 8pt;" aria-label="Credit Repair (2 items)">Credit Repair</a> <a href="https://reiskills.com/tag/due-on-sale/" class="tag-cloud-link tag-link-148 tag-link-position-8" style="font-size: 8pt;" aria-label="Due On Sale (2 items)">Due On Sale</a> <a href="https://reiskills.com/tag/financing-traditional/" class="tag-cloud-link tag-link-102 tag-link-position-9" style="font-size: 10.333333333333pt;" aria-label="Financing Traditional (3 items)">Financing Traditional</a> <a href="https://reiskills.com/tag/flipping/" class="tag-cloud-link tag-link-150 tag-link-position-10" style="font-size: 8pt;" aria-label="Flipping (2 items)">Flipping</a> <a href="https://reiskills.com/tag/hard-money-lender/" class="tag-cloud-link tag-link-261 tag-link-position-11" style="font-size: 8pt;" aria-label="Hard Money Lender (2 items)">Hard Money Lender</a> <a href="https://reiskills.com/tag/hard-money-private-lender/" class="tag-cloud-link tag-link-278 tag-link-position-12" style="font-size: 8pt;" aria-label="Hard Money Private Lender (2 items)">Hard Money Private Lender</a> <a href="https://reiskills.com/tag/joint-venture-partner/" class="tag-cloud-link tag-link-182 tag-link-position-13" style="font-size: 10.333333333333pt;" aria-label="Joint Venture Partner (3 items)">Joint Venture Partner</a> <a href="https://reiskills.com/tag/land-contract/" class="tag-cloud-link tag-link-186 tag-link-position-14" style="font-size: 12.277777777778pt;" aria-label="Land Contract (4 items)">Land Contract</a> <a href="https://reiskills.com/tag/land-trust/" class="tag-cloud-link tag-link-219 tag-link-position-15" style="font-size: 13.833333333333pt;" aria-label="Land Trust (5 items)">Land Trust</a> <a href="https://reiskills.com/tag/land-trusts/" class="tag-cloud-link tag-link-221 tag-link-position-16" style="font-size: 8pt;" aria-label="Land Trusts (2 items)">Land Trusts</a> <a href="https://reiskills.com/tag/lease-option/" class="tag-cloud-link tag-link-26 tag-link-position-17" style="font-size: 22pt;" aria-label="lease option (15 items)">lease option</a> <a href="https://reiskills.com/tag/lease-option-pitfall/" class="tag-cloud-link tag-link-75 tag-link-position-18" style="font-size: 17.138888888889pt;" aria-label="lease option pitfall (8 items)">lease option pitfall</a> <a href="https://reiskills.com/tag/lease-options/" class="tag-cloud-link tag-link-37 tag-link-position-19" style="font-size: 16.166666666667pt;" aria-label="Lease Options (7 items)">Lease Options</a> <a href="https://reiskills.com/tag/lease-option-then-assign/" class="tag-cloud-link tag-link-194 tag-link-position-20" style="font-size: 8pt;" aria-label="Lease Option then Assign (2 items)">Lease Option then Assign</a> <a href="https://reiskills.com/tag/lease-option-when-buying/" class="tag-cloud-link tag-link-202 tag-link-position-21" style="font-size: 12.277777777778pt;" aria-label="Lease Option When Buying (4 items)">Lease Option When Buying</a> <a href="https://reiskills.com/tag/lease-option-when-selling/" class="tag-cloud-link tag-link-192 tag-link-position-22" style="font-size: 12.277777777778pt;" aria-label="Lease Option When Selling (4 items)">Lease Option When Selling</a> <a href="https://reiskills.com/tag/lease-purchase/" class="tag-cloud-link tag-link-160 tag-link-position-23" style="font-size: 8pt;" aria-label="Lease Purchase (2 items)">Lease Purchase</a> <a href="https://reiskills.com/tag/lease-purchase-consulting/" class="tag-cloud-link tag-link-83 tag-link-position-24" style="font-size: 8pt;" aria-label="Lease Purchase Consulting (2 items)">Lease Purchase Consulting</a> <a href="https://reiskills.com/tag/legal/" class="tag-cloud-link tag-link-90 tag-link-position-25" style="font-size: 12.277777777778pt;" aria-label="Legal (4 items)">Legal</a> <a href="https://reiskills.com/tag/marketing-sellers/" class="tag-cloud-link tag-link-159 tag-link-position-26" style="font-size: 10.333333333333pt;" aria-label="Marketing Sellers (3 items)">Marketing Sellers</a> <a href="https://reiskills.com/tag/mortgage/" class="tag-cloud-link tag-link-174 tag-link-position-27" style="font-size: 8pt;" aria-label="Mortgage (2 items)">Mortgage</a> <a href="https://reiskills.com/tag/note/" class="tag-cloud-link tag-link-214 tag-link-position-28" style="font-size: 10.333333333333pt;" aria-label="Note (3 items)">Note</a> <a href="https://reiskills.com/tag/note-investing/" class="tag-cloud-link tag-link-238 tag-link-position-29" style="font-size: 15.194444444444pt;" aria-label="Note Investing (6 items)">Note Investing</a> <a href="https://reiskills.com/tag/notes/" class="tag-cloud-link tag-link-120 tag-link-position-30" style="font-size: 8pt;" aria-label="notes (2 items)">notes</a> <a href="https://reiskills.com/tag/note-servicer/" class="tag-cloud-link tag-link-248 tag-link-position-31" style="font-size: 8pt;" aria-label="Note Servicer (2 items)">Note Servicer</a> <a href="https://reiskills.com/tag/options/" class="tag-cloud-link tag-link-105 tag-link-position-32" style="font-size: 8pt;" aria-label="Options (2 items)">Options</a> <a href="https://reiskills.com/tag/private-lender/" class="tag-cloud-link tag-link-197 tag-link-position-33" style="font-size: 12.277777777778pt;" aria-label="Private Lender (4 items)">Private Lender</a> <a href="https://reiskills.com/tag/private-lender-loans/" class="tag-cloud-link tag-link-228 tag-link-position-34" style="font-size: 10.333333333333pt;" aria-label="Private Lender Loans (3 items)">Private Lender Loans</a> <a href="https://reiskills.com/tag/private-lending/" class="tag-cloud-link tag-link-180 tag-link-position-35" style="font-size: 10.333333333333pt;" aria-label="Private Lending (3 items)">Private Lending</a> <a href="https://reiskills.com/tag/real-estate-ira/" class="tag-cloud-link tag-link-35 tag-link-position-36" style="font-size: 10.333333333333pt;" aria-label="Real Estate IRA (3 items)">Real Estate IRA</a> <a href="https://reiskills.com/tag/rehabs/" class="tag-cloud-link tag-link-224 tag-link-position-37" style="font-size: 8pt;" aria-label="Rehabs (2 items)">Rehabs</a> <a href="https://reiskills.com/tag/rent-to-own/" class="tag-cloud-link tag-link-156 tag-link-position-38" style="font-size: 8pt;" aria-label="Rent To Own (2 items)">Rent To Own</a> <a href="https://reiskills.com/tag/repair-credit/" class="tag-cloud-link tag-link-128 tag-link-position-39" style="font-size: 12.277777777778pt;" aria-label="Repair Credit (4 items)">Repair Credit</a> <a href="https://reiskills.com/tag/sandwich-lease-option/" class="tag-cloud-link tag-link-121 tag-link-position-40" style="font-size: 16.166666666667pt;" aria-label="sandwich lease option (7 items)">sandwich lease option</a> <a href="https://reiskills.com/tag/self-directed-ira/" class="tag-cloud-link tag-link-271 tag-link-position-41" style="font-size: 16.166666666667pt;" aria-label="Self Directed IRA (7 items)">Self Directed IRA</a> <a href="https://reiskills.com/tag/short-sale-purchase/" class="tag-cloud-link tag-link-132 tag-link-position-42" style="font-size: 10.333333333333pt;" aria-label="Short Sale Purchase (3 items)">Short Sale Purchase</a> <a href="https://reiskills.com/tag/simultaneous-financing/" class="tag-cloud-link tag-link-239 tag-link-position-43" style="font-size: 8pt;" aria-label="simultaneous financing (2 items)">simultaneous financing</a> <a href="https://reiskills.com/tag/sub2/" class="tag-cloud-link tag-link-218 tag-link-position-44" style="font-size: 12.277777777778pt;" aria-label="Sub2 (4 items)">Sub2</a> <a href="https://reiskills.com/tag/taxation-rental-properties/" class="tag-cloud-link tag-link-246 tag-link-position-45" style="font-size: 8pt;" aria-label="Taxation Rental Properties (2 items)">Taxation Rental Properties</a></div> </div></div><div id="block-7" class="widget widget_block"><div class="widget-main"><p>http://reiskills.com/terms-of-use/</p></div></div><div id="custom_html-2" 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This means that every time you visit this website you will need to enable or disable cookies again.</p> </div>  </div>  </div>  </div>  </div>  <div class="moove-gdpr-modal-footer-content"> <div class="moove-gdpr-button-holder"> <button class="mgbutton moove-gdpr-modal-allow-all button-visible" aria-label="Enable All">Enable All</button> <button class="mgbutton moove-gdpr-modal-save-settings button-visible" aria-label="Save Settings">Save Settings</button> </div>  </div>  </div>  <div class="moove-clearfix"></div> </div>  </dialog>   <script type="text/javascript"> var inboxs_member_directory = new Array(); inboxs_member_directory['hidezeronumberitem'] = "yes"; inboxs_member_directory['selectors'] = '.tooltips_list > span'; inboxs_member_directory['navitemdefaultsize'] = '12px'; inboxs_member_directory['navitemselectedsize'] = '14px'; inboxs_member_directory['number'] = "no"; jQuery(document).ready(function () { jQuery('.member_directory_table').directory(inboxs_member_directory); jQuery('.navitem').css('font-size','12px'); }) </script> <script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = " Lease Options When Buying<br/><br/>I always chuckle when I hear lease options when you buy\. You're not buying anything\. You're controlling it\.<br/><br/>When we negotiate with the home seller a good solution for them, we generally start with the least purchase arrangement\.<br/><br/>We will have the right to sublease and sub\-option the property,<br/><br/>This is called a sandwich lease option\.<br/><br/>There are three profit centers within a sandwich lease option arrangement\.<br/><br/>\<ol\> \<li\>The first profit Center is the difference between the option money collected from the buyer and the option money given to the seller\. Generally we can get the seller only \$10 and generally we can collect 3 to 5% of the value of the property as option money from the buyer\. This gives us money today\. The taxation of option money \- option money is not taxable income until the option is either extinguished or expires\. This is a great benefit for the investor\.\<\/li\> \<li\>The second profit Center is the difference between the rent paid to the seller and the rent collected from the tenant buyer that's in the property\. This is an important cash flow for the real estate investor\.\<\/li\> \<li\>The third profit Center is the difference between the back end, also called the strike price of the option\. This is the final sales price\. In a traditional sandwich lease option, you will have a double closing\: you will buy it from the seller and resell it to the buyer\. The difference is your profit\.\<\/li\>\<\/ol\>\<hr style\='display\:block;height \: 5px; margin\-top \: 50px; margin\-bottom \: 50px; background \: \#cc0000; '\><br/><br/>When you're dealing with home Sellers and lease options, there is also a lease option of assignment where you temporarily lease with an option from the seller and a sign or sell your paperwork to a buyer for an option release fee\. It's a bit of a misnomer that you are charging a release fee for marketing costs\. We generally charge 3 to 5% of the value of the property in a lease option assignment\.<br/><br/>For more information about lease options, see selling on a lease option\."; toolTips('.classtoolTips835 , .tooltip_post_id_custom_icon_835',tt_store_content,'835','lease options when buying',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = " Lease Options When Buying<br/><br/>I always chuckle when I hear lease options when you buy\. You're not buying anything\. You're controlling it\.<br/><br/>When we negotiate with the home seller a good solution for them, we generally start with the least purchase arrangement\.<br/><br/>We will have the right to sublease and sub\-option the property,<br/><br/>This is called a sandwich lease option\.<br/><br/>There are three profit centers within a sandwich lease option arrangement\.<br/><br/>\<ol\> \<li\>The first profit Center is the difference between the option money collected from the buyer and the option money given to the seller\. Generally we can get the seller only \$10 and generally we can collect 3 to 5% of the value of the property as option money from the buyer\. This gives us money today\. The taxation of option money \- option money is not taxable income until the option is either extinguished or expires\. This is a great benefit for the investor\.\<\/li\> \<li\>The second profit Center is the difference between the rent paid to the seller and the rent collected from the tenant buyer that's in the property\. This is an important cash flow for the real estate investor\.\<\/li\> \<li\>The third profit Center is the difference between the back end, also called the strike price of the option\. This is the final sales price\. In a traditional sandwich lease option, you will have a double closing\: you will buy it from the seller and resell it to the buyer\. The difference is your profit\.\<\/li\>\<\/ol\>\<hr style\='display\:block;height \: 5px; margin\-top \: 50px; margin\-bottom \: 50px; background \: \#cc0000; '\><br/><br/>When you're dealing with home Sellers and lease options, there is also a lease option of assignment where you temporarily lease with an option from the seller and a sign or sell your paperwork to a buyer for an option release fee\. It's a bit of a misnomer that you are charging a release fee for marketing costs\. We generally charge 3 to 5% of the value of the property in a lease option assignment\.<br/><br/>For more information about lease options, see selling on a lease option\."; toolTips('.classtoolTips835 , .tooltip_post_id_custom_icon_835',tt_store_content,'835','Lease Options When Buying',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = " Lease options have \<strong\>two basic sides or categories to them\:\<\/strong\>\<ul\> \<li style\='text\-align\: left;'\>We are going to \<strong\>buy or control\<\/strong\> with a\<strong\> property owner using a lease purchase arrangement\<\/strong\>\<\/li\> \<li style\='text\-align\: left;'\>Or we are going to \<strong\>sell on a lease with option\<\/strong\> to a \<strong\>former renter that wants to own the property\.\<\/strong\>\<\/li\>\<\/ul\>See the following sections<br/><br/>\<a href\='https\:\/\/reiskills\.com\/glossary\/lease\-options\-when\-buying\/'\>Buying on lease options\<\/a\><br/><br/>Selling on lease options"; toolTips('.classtoolTips834 , .tooltip_post_id_custom_icon_834',tt_store_content,'834','lease options overview',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = " Lease options have \<strong\>two basic sides or categories to them\:\<\/strong\>\<ul\> \<li style\='text\-align\: left;'\>We are going to \<strong\>buy or control\<\/strong\> with a\<strong\> property owner using a lease purchase arrangement\<\/strong\>\<\/li\> \<li style\='text\-align\: left;'\>Or we are going to \<strong\>sell on a lease with option\<\/strong\> to a \<strong\>former renter that wants to own the property\.\<\/strong\>\<\/li\>\<\/ul\>See the following sections<br/><br/>\<a href\='https\:\/\/reiskills\.com\/glossary\/lease\-options\-when\-buying\/'\>Buying on lease options\<\/a\><br/><br/>Selling on lease options"; toolTips('.classtoolTips834 , .tooltip_post_id_custom_icon_834',tt_store_content,'834','Lease Options Overview',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = "<div class='tooltips_youtube_class' ><video width='315px' height='400px' controls='controls'><source src='https://youtu.be/DKQY44JwMrI?si=0LXjSzbJJLyVoXns' type='video/mp4'>Your browser does not support the HTML5 Video element.</video></div> FAQs<br/><br/>\<h1\>Land Trusts\: An FAQ\<\/h1\>\<strong\>1\. What is a land trust\?\<\/strong\><br/><br/>A land trust is a legal agreement where a trustee holds the title of a property for the benefit of a beneficiary\. The beneficiary retains control over the property and directs the trustee's actions\.<br/><br/>\<strong\>2\. How does a land trust differ from a living trust\?\<\/strong\><br/><br/>While both are revocable trusts created during one's lifetime, they serve different purposes\:<br/><br/>\<ul\> \<li\>\<strong\>Land trusts\:\<\/strong\> Designed specifically for real estate, used primarily for asset protection, and offer anonymity as the beneficiary's name doesn't appear on public records\.\<\/li\> \<li\>\<strong\>Living trusts\:\<\/strong\> Encompass both real and personal property, mainly used for estate planning to avoid probate and estate taxes\.\<\/li\>\<\/ul\>\<strong\>3\. What are the main advantages of using a land trust\?\<\/strong\><br/><br/>Land trusts offer numerous benefits, including\:<br/><br/>\<ul\> \<li\>\<strong\>Asset protection\:\<\/strong\> Shields property from judgments and liens against the beneficiary\.\<\/li\> \<li\>\<strong\>Privacy\:\<\/strong\> Keeps the beneficiary's name off public records, maintaining anonymity\.\<\/li\> \<li\>\<strong\>Ease of transfer\:\<\/strong\> Beneficial interest can be transferred easily with a simple signature\.\<\/li\> \<li\>\<strong\>Circumventing due\-on\-sale clauses\:\<\/strong\> Allows transfer of property without triggering a due\-on\-sale clause\.\<\/li\> \<li\>\<strong\>Avoiding probate and estate taxes\:\<\/strong\> Facilitates seamless transfer of property upon death, minimizing taxes\.\<\/li\> \<li\>\<strong\>Limiting liability\:\<\/strong\> Protects beneficiaries from personal liability for debts associated with the property\.\<\/li\>\<\/ul\>\<strong\>4\. Are there any tax implications when using a land trust\?\<\/strong\><br/><br/>The IRS considers a land trust a 'disregarded entity' meaning there are no direct tax consequences\. Beneficiaries report income and expenses from the property on their personal tax returns as if they owned the property directly\.<br/><br/>\<strong\>5\. How does a land trust help with property management, especially for rental properties\?\<\/strong\><br/><br/>Land trusts can simplify property management by allowing the beneficiary to act as the property manager while the trustee's name appears on leases and other agreements\. This separation can help de\-personalize interactions with tenants, particularly in sensitive situations like rent increases or evictions\.<br/><br/>\<strong\>6\. Can a land trust be used to avoid probate and estate taxes\?\<\/strong\><br/><br/>Yes, when structured properly, a land trust can help avoid probate because the property isn't part of the beneficiary's estate\. It can also minimize estate taxes as the beneficial interest can be transferred to heirs without triggering estate tax liabilities\.<br/><br/>\<strong\>7\. Are there any disadvantages to using a land trust\?\<\/strong\><br/><br/>While disadvantages are few, some potential challenges include\:<br/><br/>\<ul\> \<li\>\<strong\>Lender reluctance\:\<\/strong\> Some lenders may hesitate to finance properties held within land trusts\.\<\/li\> \<li\>\<strong\>Title company unfamiliarity\:\<\/strong\> Occasionally, title companies may be unfamiliar with land trust procedures\.\<\/li\>\<\/ul\>\<strong\>8\. How is a property sold when held in a land trust\?\<\/strong\><br/><br/>There are two primary methods for selling property held in a land trust\:<br/><br/>\<ul\> \<li\>\<strong\>Assigning beneficial interest\:\<\/strong\> A simple and private method involving signing over the beneficial interest to the buyer\.\<\/li\> \<li\>\<strong\>Deeding the property out of the trust\:\<\/strong\> A traditional sale process where the trustee deeds the property directly to the buyer\.\<\/li\>\<\/ul\>Video Land Trust \- Anderson Advisors CPAs and Lawyers<br/><br/>\<div class\='ose\-youtube ose\-uid\-d3aed0badf04e4cdb929343c1e6c3928 ose\-embedpress\-responsive' style\='width\:600px; height\:600px; max\-height\:600px; max\-width\:100%; display\:inline\-block;'\>\<iframe allowFullScreen\='true' title\='\#68 Mastering Land Trusts and Taxes with Toby Mathis' width\='600' height\='600' src\='https\:\/\/www\.youtube\.com\/embed\/DKQY44JwMrI\?feature\=oembed&color\=red&rel\=0&controls\=1&start\=&end\=&fs\=0&iv_load_policy\=0&autoplay\=0&mute\=0&modestbranding\=0&cc_load_policy\=1&playsinline\=1' frameborder\='0' allow\='accelerometer; encrypted\-media;accelerometer;autoplay;clipboard\-write;gyroscope;picture\-in\-picture clipboard\-write; encrypted\-media; gyroscope; picture\-in\-picture; web\-share' referrerpolicy\='strict\-origin\-when\-cross\-origin' allowfullscreen\>\<\/iframe\>\<\/div\>"; toolTips('.classtoolTips833 , .tooltip_post_id_custom_icon_833',tt_store_content,'833','Land Trust',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript">jQuery("document").ready(function(){ if (typeof(bulletscreentoolTips2content) == 'undefined'){ var bulletscreentoolTips2content = ["Land Trust"] ; var bulletscreenindex2content = 0;jQuery(document).ready(function($) { $('.classtoolTips833').mouseout(function(e) { var x = e.pageX, y = e.pageY; bulletscreenindex2content = (bulletscreenindex2content + 1) % bulletscreentoolTips2content.length; $("<span class='bulletscreenfortoolTips' '' />").html(bulletscreentoolTips2content[bulletscreenindex2content]).css({"z-index": "555555","top": y - 10,"left": x+10,"color": "#bf316f","font-size": "24px", "font-weight": "bolder","position": "absolute"}).appendTo("body").animate({"top": y - 380,"opacity": 1},2500,function() {this.remove();});});});}}); </script><script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = " Subject to means subject to the existing financing\.<br/><br/>On the HUD\-1 closing document\. it says 'loans taken subject to the existing financing'\. Subject to is legal\. Subject to does give rise to the due on sale clause\.<br/><br/>We use revocable Land Trusts with subject to\.<br/><br/>Sometimes we use subject to plus a promissory note for any equity due to seller, no payments on note for at least 5 years\.<br/><br/>\<a href\='https\:\/\/www\.youtube\.com\/watch\?v\=Enc_DthzSu0'\>Sub2 Class\<\/a\><br/><br/>\<img class\='alignnone size\-medium wp\-image\-832' src\='http\:\/\/reiskills\.com\/wp\-content\/uploads\/2024\/09\/HUD1\-Sub2\-300x171\.jpg' alt\='' width\='300' height\='171' \/\>"; toolTips('.classtoolTips830 , .tooltip_post_id_custom_icon_830',tt_store_content,'830','sub2',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript">jQuery("document").ready(function(){ var tt_store_content = " Subject to means subject to the existing financing\.<br/><br/>On the HUD\-1 closing document\. it says 'loans taken subject to the existing financing'\. Subject to is legal\. Subject to does give rise to the due on sale clause\.<br/><br/>We use revocable Land Trusts with subject to\.<br/><br/>Sometimes we use subject to plus a promissory note for any equity due to seller, no payments on note for at least 5 years\.<br/><br/>\<a href\='https\:\/\/www\.youtube\.com\/watch\?v\=Enc_DthzSu0'\>Sub2 Class\<\/a\><br/><br/>\<img class\='alignnone size\-medium wp\-image\-832' src\='http\:\/\/reiskills\.com\/wp\-content\/uploads\/2024\/09\/HUD1\-Sub2\-300x171\.jpg' alt\='' width\='300' height\='171' \/\>"; toolTips('.classtoolTips830 , .tooltip_post_id_custom_icon_830',tt_store_content,'830','Sub2',' ui-wordpress-tooltip-pro tipscale '); });</script><script type="text/javascript"> jQuery(document).ready(function () { jQuery('.remove_tooltip_effect .tooltipsall').each (function() { disabletooltipinhtmltagSinglei = jQuery(this).html(); jQuery(this).replaceWith(disabletooltipinhtmltagSinglei); }) }) </script> </body> </html>