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Updated over 8 years ago,

User Stats

9
Posts
2
Votes
Jamie Lennox
  • Investor
  • Pittsburgh, PA
2
Votes |
9
Posts

Do it Yourself Closing on a free property (Allegheny Pittsburgh)

Jamie Lennox
  • Investor
  • Pittsburgh, PA
Posted

Dear Bigger Pockets community,

The Situation: I have contacted an out of town property owner in Pennsylvania who is willing to give the property away if I take on the back taxes. Even with a rehab the ARV would be low (15-20k). I have contacted all taxing authorities and determined there is 3200 tax owed on the property which we are willing to pay, and a minor sewage lien.

As there is no money being transferred here I was hoping to do the closing myself. I am aware every REI and his dog is against this strategy. However here me out: I have completed law school (in Australia) and had some experience writing and examining deeds before. I have been wanting to do a closing on my own for the experience and get a greater understanding

I have written a deed that is compliant with all Allegheny county regulations on the website and am planning to drive to the sellers hometown and sign the deed in the presence of a notary.

Any major flaws in this plan?

Regards, 

Jamie

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