Updated almost 3 years ago on . Most recent reply
STR permit when you don't hold legal title?
Context: I've got a deal in the pipeline that would require a contract for deed/ executory contract ... meaning I would take equitable title, but legal title would stay in the seller's name until I pay them off. Long story, but it's a creative solution that makes sense for this deal.
Question: if the county the property is in starts an STR permitting process (they don't currently), will I be able to get a permit even though I am not the legal title holder? I imagine people doing rental arbitrage ponder similar questions ... would love some input! Thanks everyone