Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

46
Posts
5
Votes
Daniel Smith
  • Wholesaler
  • Los Angeles
5
Votes |
46
Posts

This is crazy

Daniel Smith
  • Wholesaler
  • Los Angeles
Posted

I'm brand new to real estate and I have been chasing pre forclosures leads. Long story short I have someone willing to sign their home over to me with no compensation until I sell it. I have downloaded a quit claim deed and an assignable purchase agreement. The owner of the home is incapacitated and the executor lives in  Kansas I live in Denver Colorado do I have to be with them to sign and have the contracts notoraized? Their home goes to auction on March 17th and they owe about 140k on the home according to my online research it's worth somewhere between 220k-308k not sure how value is determined it's a 3 bedroom 2 bath 1096 sqft with a finished basement. I'm broke and I have bills to pay what is my quickest and safest way to money here? How can I proceed? I've been doing this less than a week and I know basically nothing. Thanks for reading any feedback would be fantastic. 

Most Popular Reply

User Stats

127
Posts
39
Votes
Richard Bradshaw
  • Investor
  • St Petersburg, FL
39
Votes |
127
Posts
Richard Bradshaw
  • Investor
  • St Petersburg, FL
Replied

If I were you, being so green, I would find someone who has done this and knows how to do it and partner with them. Have them walk you through it. You'll obviously have to give up some profit but consider it an education fee. You'll also gain a mentor who may be willing to help you in the future.

Loading replies...