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Updated over 4 years ago,

User Stats

523
Posts
513
Votes
Jon K.
  • Rental Property Investor
  • Perry Hall, MD
513
Votes |
523
Posts

Buying a property from a church, any caveats?

Jon K.
  • Rental Property Investor
  • Perry Hall, MD
Posted

It's not a deal yet but we're talking. I'm looking at a potential SFH flip currently owned by a church. Their business entity is not currently in good standing with the state (Maryland), but I'm not sure why and I'm also not sure if that would/could have any effect the sale. Anyone have experience with dealing with this type of entity and anything I should watch out for? I'm assuming it's the same as buying from any other business entity in that you have authorized signers who are able to enter into legal agreements on the entity's behalf. The state of maryland has the legal description of the property as "chrch exe" but it was owned by individuals prior to the church so I don't believe there are any zoning issues (but I will look into that before making a final deal).

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