Updated almost 3 years ago on . Most recent reply
First Investment Property!
Hello, excited to be here and connect with all of you.
Husband and I are in the process of buying our first investment property. Unique case where I already own 33.3% of the home- cousins own the other 66% and want nothing to do with it. It was our grandmothers from the 60's. I'd just be buying them out, so looking forward to more options/creative ways to finance/obtain the home.
Already had it inspected and having realtor run comparables so they we can come up with a price. To take full ownership, would I only need a quitclaim deed? And perhaps a good contract spelling out all the details and agreements between cousins and I?
What other steps and plans of action should we be taking?
Thank you!