[Tong Liu]

Tong Liu

Want to clarify, I was planning to hold the beneficiary under personal property trust.

[Tong Liu]

Tong Liu

Thanks for the quick responses!

I am thinking that I will do cash purchase for REOs under Land Trust, then sell it to my credit partner for the same price, so he will get a purchase loan from the bank (to get most of my capital back). After that, I will put the property back to the Land Trust to hold to rent it out. I am worried that I could be in the dealer situation.

From the answers, it seems that I should be worried.

Am I right?

Kiana