sserio

Richard,

If you’ve got little or no money vested in the transaction why not do it … I agree with Dave, it’s easy money and the NEHT should pretty much work with any size deal … so do it.

Hey Bill,

Call NARS and speak with someone there or to Bill Gatten.

Couldn’t agree with you more, concerning the current tax system. The FairTax is the way to go and yes it’s not perfect, but it’s the best option and system out there. I can’t believe why more people do not support this plan … people tend to sit on their butts and just complain…[Read more]

Dave,

First off – HOW ARE YOU FEELING?

Great post! That’s an excellent way to diffuse a possible situation where the RE Agent is, at first, probably thinking you will be trying to beat him out of his commission when in fact the potential is there for him to make more. Great approach.

Take care of yourself.

Guys,

Talk about beating a dead horse …

The situation Marc is referring to, concerning the trustee, could definitely happen, but if using the NARS System, this is a mute point and this post is getting to be a BIG waste of time and energy!!!!!

YES – Marc is right

NO – It will NOT happen with a properly structured NARS NEHTrust

Geeish, Marc you’ve made your point and if someone is using the NARS System and have decided to use Uncle Charlie or Billy Bob or someone other than Equity Holding Trust, as recommended for their trustee, then if their trustee decides to do something like you described then that’s their problem.

Bill has always recommended using Equity Holding…[Read more]

From the Land Trust Agreement:

Paragraph – Powers and Duties of Trustee.
So long as the Trustee is the sole owner of record of the Real Estate and any other property held by it under this Trust Agreement, it is understood and agreed by the parties to this Agreement and by any persons who may subsequently obtain an interest in this Agreement,…[Read more]

Excellent post, Scott! Great analogy … using Sam Walton.

The art of patience, that seems to be an enemy of everyone at one time or another … though if the potential RB is concerned and I can understand their concern, after explaining the situation, if they are still nervous about doing the deal, then it’s probably best to find someone else.

“Viagra, It obvious the bottom line is you need this person out of your property … maybe you can try a combination of what has been suggested … send him certified mail advising that he is welcome to stay in the property rent free for the next 2 to 4 weeks or until a certain date of your choosing and that there may be new RB’s coming by to look…[Read more]

Daniel,

Are you referring to the following:

In the event of default, eviction of an EHT resident beneficiary bypasses the costly and arduous processes of foreclosure, in that the resident’s ownership rights are limited to a beneficial interest in the trust that holds the property’s title – not in the property itself. Therefore, in essence, a…[Read more]

Leon,

I can relate to your statement concerning dealing with “difficult contractors and inspectors”, but being hesitent to speak with a seller, though as you have already discovered is actually not that bad and will get easier and easier or I might say you’ll become more comfotable doing the more you do it … in my, lets call Day job, I’ve…[Read more]

Stu,

Since it sounds like you have already openned up a dialog with the owners, you probably should get an Authorization to Release form signed by the owners so you can get the exact figures from the lender and then determine whether or not to proceed … also you can find out how flexible the lender is concerning the outstanding monies.

mkrasch,

The service CJ (4cash), I believe, is referring to is Telecenter and the url is: http://www.gettelecenter.com/default.aspx

Scott,

Sorry to hear about your Grandfather!

Take care of your family.

Scott, yes we did meet several years back at one of Bill’s 2.5 day workshops.

Are you going to be meeting with anyone form the GaREIA, which I believe is the largest investor club in the country?

Scott, when are you arriving in Atlanta and how long will you be here?

Keith, excellent post – thanks …

Scott, any update on doing a call or posting some examples of numbers/figures?

Newbie,

Heck, most of the Guru’s suggest if doing a Sub2 that you hold the title in, what can best be described as a Simple Land Trust to start with, but is just not structured nor anywhere near as safe and versatile as a EHTrust … as has been pointed out above!

Jim, “walking is preferable to driving a car because a car is more complicated and…[Read more]

Dave, Dave, Dave.

What you are doing is helping someone, who otherwise maybe could or could not get into the property using a more risky method (i.e. L/O, L/P, CFD/AFD, etc.), by exposing them to the opportunity of getting into the property using a EHTrust. It’s great that you have them think/believe that they are part of a team, but you may not…[Read more]

Okay, the hard drive on my computer took the eternal dirt nap this past weekend and I did not have access to the discussion board.

So Scott, are you going to put together some numbers and examples of the B2R Chart for an upcoming Saturday teleconference session ? That would be great. Let us know.

Also, once I get my computer back up and working…[Read more]

Dave,

Excellent comparison of “paying rent” vs. “EHTrust”!

I agree with Scott, unless they RB’s have the necessary credit and monies to get into the property, what is being offered using the EHTrust is probably their best chance to get into the property. We are doing them a favor/helping them get into a property that they otherwise would not be…[Read more]