What does it mean when a property is in trust? Can these properties be wholesaled?
There are different types of trusts (i.e. revocable, irrevocable, etc) and different reasons for using them (i.e. estate planning, anonymity, etc). You can also hold pretty much anything in the name of a trust (i.e. real estate, vehicles, bank accounts, investment accounts, etc).
Generally speaking, when someone holds real estate in a trust, it's part of an estate planning strategy because it can allow a property to pass directly to an heir (Trustee) and avoid probate upon the property owner's (Trustor's) death.
That's it in a nutshell. You can google trusts to learn more about them, but to answer your question about whether properties in trusts can be wholesaled - yes, they can.
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