transactional funding

In want to make offers through MLS on REO properties. I have researched and have to settles with 1 with no backup.

The other 2 that I am interested in want me to create an entity first. Anyone know about using land trusts to make offers. I mean do I have to file the trust documents somewhere to make it a legit entity and what about the checks made out to the trust name?

Any help with this would be appreciated.


Land trusts are created right there on the spot when you complete the paperwork. There’s no filing requirement to create one.

The checks get made out to the trustee, or the beneficiaries if the trustee directs the closing company to do this.