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Updated over 14 years ago on . Most recent reply

User Stats

78
Posts
48
Votes
Rodney Williams
  • Investor
  • Ocala/Belleview, FL
48
Votes |
78
Posts

Owner Sells to Self

Rodney Williams
  • Investor
  • Ocala/Belleview, FL
Posted

This might not be the right place and too deep but here goes.

This is in Florida,

During researching a property I came across a comp. that didn't look right. The owner sold the property to himself and the price appeared to be 2.5 times(145k) the value of the property I was looking at. When I looked at the actual warranty deed, there were eleven properites listed on it, and the consideration was $145k.

Any ideas what is going on here? Maybe a strategic move?

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