Quit Claim Deed Question

[Account Closed]

Hello Bigger Pockets family , I have a situation concerning a quit claim deed. Homeowner is in pre-foreclosure but has quite a bit of equity in home. I am going to put minor rehab on property and sell the home at market value and split the profit from the sell with the owner. To protect myself I am having the homeowner quit claim the property to me as I will be the one catching up the note and sprucing up the home to list on the market. I would like to know if the quitclaim deed is the proper method to protect myself and what, if anything you would do differently in this situation.

[Wayne Brooks]

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