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Updated almost 12 years ago,

User Stats

10
Posts
2
Votes
Sue Loomans
  • Real Estate Investor
  • Hales Corners, WI
2
Votes |
10
Posts

What to do with a $0 "free" house?

Sue Loomans
  • Real Estate Investor
  • Hales Corners, WI
Posted

Hi all, My company has been offered a house for free from an estate. We're a social enterprise type of company, so the family felt good about donating vs. selling. The home needs about $15k of mostly cosmetic work, and the ARV should be around $45k.

The donor is planning to quit claim the deed to us, but I was wondering what other due diligence makes sense beyond ensuring a clear title?

Thanks for your advice

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