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Updated over 6 years ago,

User Stats

26
Posts
15
Votes
Rafael Davis
  • Rental Property Investor
  • Chicago, IL
15
Votes |
26
Posts

quitclaim deed investment

Rafael Davis
  • Rental Property Investor
  • Chicago, IL
Posted
I’m looking to purchase my first flip and flip property in the Chicago area after days of me running numbes I submitted an offer. After accepting my offer the selling agent notified my agent the property is a quitclaim deed. Seeing that this is my first flip I have no clue how to go about dealing with this situation, I currently have my attorney looking into the property but I’m not sure if I would have any issues in the future with trying to sell the property. Is there any thing I should look out for with dealing with quitclaim deed purchase I don’t want to pull out the deal just yet seeing that the property can have a 45k payday if everything works out. Can someone please offer any advice on how I should move forward.

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