How would you close on this deal?

[Brandon Dean]

I am currently looking to purchase a few pieces of raw ground and am looking for some insight on how to close on the properties. I am looking to get these prior to a tax sale from an out of state owner and they are just looking to get what they owe on back taxes out of it, around $500.

I am familiar with the area and these lots are worth about $2,500.00, however to turn them fairly quick I would be looking to list them around $1,750.00. Now with that being said these are obviously very small deals however there is money in them. The problem is if I use a conventional title company it eats into the profit enough that they don’t seem like they would be worth the time.

As always the owner claims there are no liens or judgments against the property. My thought was I would have a title company perform a title search to confirm if any liens or judgments are against the property. If they are indeed clear I would purchase the property with a Warranty Deed and not use a Title Company.

The first question I have is would you even mess around with this kind of deal?

The second question is how would you close on the property?