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Updated over 8 years ago, 07/20/2016

User Stats

9
Posts
0
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Chris B.
  • Rialto, CA
0
Votes |
9
Posts

Subject to rental

Chris B.
  • Rialto, CA
Posted

i have a prospect that owns a triplex in California and is willing to hand it over to me for free. 😮 My question is how exactly should I take ownership of this property?

User Stats

1,520
Posts
835
Votes
Anthony Angotti
Agent
  • Real Estate Agent
  • Pittsburgh, PA
835
Votes |
1,520
Posts
Anthony Angotti
Agent
  • Real Estate Agent
  • Pittsburgh, PA
Replied

@Chris B.

You can exchange it for $10 or something nominal. Look at your local real estate laws and see what the rules are for gifting property. Is the prospect a family member? That typically makes things easier.

  • Anthony Angotti
  • (412) 254-3013
business profile image
The Angotti-Gleve Team at DHRE
5.0 stars
6 Reviews