Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
quitclaim deed investment
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.