Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 6 years ago,

User Stats

11
Posts
8
Votes
Joshua Mondragon
  • Lancaster, PA (lancaster pa)
8
Votes |
11
Posts

Wholesaling property in pa

Joshua Mondragon
  • Lancaster, PA (lancaster pa)
Posted
I recently visited a property in berks county pa, and the woman selling her house wanted 25k for it. The deal is good for the condition that the property is in, and so my business partner and I decide to take the offer and begin the process of putting the house under contract. During the tour of the house, the lady mentioned that the house was given to her by her grandfather. Her grandfathers name is on the deed of the house, and so the lady herself cannot sign the “agreement of purchase” contract. After we leave the property, the question arises, whose name should be put on the deed to the house? The answer we gave to the woman was put as such: the name put on the deed of the house is the name of the investor that we hand over the signed contract to (aka the buyer). So, this means that we can’t put a name on the deed until the contract is signed. My question to the community is this : From this position, what should we have said in response to her question? Did we go about answering it correctly, or should we have taken a different route beforehand? This is our first deal we are working through thus far in wholesaling.

Loading replies...