Paying Cash For a Property?
I would not own the property “Free & Clear.” I always put a 1st lien on my properties; from me to my company, or from my company to me, or from company to company.
Free & Clear properties are likely targets for the litigious.
A 1st lien foreclosure a can wipe clean mechanics liens placed on a property by unscrupulous contractors. This tactic can be use to purge the title of other liens, placed behind the 1st lien, as well.
You can sell the 1st lien position to re-coupe some or all the cash you have invested in the property. Find out more below…