Sub 2 and NARS Trust

Have a few questions very new to the game I only own 3 properties total one being my primary and two investments. Both investment properties I bought with significant equity and put 20% down through traditional financing. One I have rented at 130% the other is just about finished with improvements and I was thinking about leasepurchase or straight lease. My two investments I put alot of cash into. I am now seeing that was probably not the best way especially since they were both distressed sales. Would like to start buying sub2 or Nars trust. I have read hours about both. But have a few questions??

I am leaning towards sub2

On sub2 if the investor resold the proberty on land contract who deducts the interest?
On sub 2 if the investor resold it on lease purchase/rent to own etc who deducts the interest?

How does this compare to a Nars Trust???
Also curious on who is claiming the income/expenses on these deals comparatively?

Thanks in advance for any help provided??

Howdy Newguybob:

You may want to read this like about Nars Trusts. It is not really a method to buy property but a vehicle to hold title such as a Corp or LLC or partnership or any other trust.

http://www.reiclub.com/forums/index.php?board=22;action=display;threadid=12490

IMHO the person/company/trust etc that spends the money from their account should get the tax deduction.

Ted’s got it right on the money. ;D It’s not a question of sub2 vs trust, the trust is simply the method of achieving the same objectives with more protection in place for all concerned parties; kinda like wearing both a suspenders and a belt.
Just one benefit is an errant tenant can’t cry equitable interest. Sell me your home sub2 and knowing what I do, I’ll live on your dime until you foreclose on me. The NARS Trust were developed in Cali, the state with the most tenant friendly laws in the country.
Regards,
Dave