I found this website after doing a google search on REO’s and tax liens. I am located in California.
I had a federal tax lien filed against me last year. Im currently on a payment plan. I am intersted in flipping REO’s. Basically, I want to buy, rehab, and resell to an end buyer/owner occupant. I have a few interested cash partners willing to fund the deal and rehab, with the investment secured by a note and a deed of trust. I must have property under contract before securing financing from them.
I can not personally be on title because of my tax lien. Is there a way to form some type of entity where I can make an offer on REO’s and take title? LLC, Trust? Also, I need the entity to not be a problem when selling to the end buyer. I read on a few websites that some title companies will not insure properties held in a landtrust.