#1 In a sub2, xfer title to land trust using warantee deed. On the trust agreement, should seller be listed as a 10% beneficial interest to passify IRS rules of “ownership” thus avoiding DOSC, if the lender thinks something “hinky” is going on? Have seller also sign assignment of bene. interest to me…
#2 Who should be beneficial intrerest on the trust agreement…me personally or an entity…what about property I own that I personally have mortgaged…I’m transferring all into seperate trusts, but dont know what to do about benef…one is a long term hold…10 or more years…im thinking LLC…one Im owner financing for 3 more years to a tenant/buyer…only about 20% equity in it.
#3 Whats this I hear about loosing cap gains treatment on property in a trust…is this BS?
Thanks for any insight and advice 