How can I be the first lien holder?
Hi everyone,
I'm currently a 60% investor on a rental property out in California and was wondering how I can be setup as the first lien holder on the property? Do I need a trustee even though the property is 100% paid for? I'm only expecting to hold the property with this group until the tenants vacate and then they can sell, so I'm not looking for monthly payments, just the profits after the property is sold.
Thanks...