Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Angie Zhang
2
Votes |
7
Posts

Any one has any experience purchasing properties under trust?

Angie Zhang
Posted

Does anyone has any experience purchasing properties under trust? Any suggestions or tips to share?

Thanks in advance!

Most Popular Reply

User Stats

151
Posts
114
Votes
Joseph Palmiero
  • CPA
  • Pennsylvania
114
Votes |
151
Posts
Joseph Palmiero
  • CPA
  • Pennsylvania
Replied
Quote from @Sam Yin:

@Angie Zhang

It is the same as purchasing in your name. I have done several. It has made ZERO difference in the paper work. In fact, I transfered over several into a trust after purchase as well.

Not 100% sure about this, but you just need to be the Trustor, Trustee, or both. Essentially, you are still the guarantor because you need to qualify for it unless you are buying all cash.

May be others may have a different experience.

This is true for most revocable trusts.  Generally, irrevocable trusts require a seperate tax return.  
business profile image
Palmiero CPA, LLC
5.0 stars
1 Review

Loading replies...