Landtrust in Michigan
Hello BP,
this is my first post, so please bear with me.
I've been following and educating myself in investing, especially in creative investing (owner financing, lease options, etc.).
However, I recently came across land trusts. I have a general grasp of why it's beneficial and how it works but I have a few more questions.
1. I know that there are people here who successfully put their houses into a trust in Michigan. Are those referred to as "Land Trusts" , Grantor Trust or Living Trust? I have a Land Trust Document and the Warranty Deed For Trustee which I can use. But can the title say "Land Trust" or does it need to be referred to as Grantor Trust or Living Trust or whatsoever?
2. Is there a title company or attorney that you can recommend to get the houses deeded over to the Trust?
3. What are the approx. costs with a title company or attorney?
Thanks so much!