Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

102
Posts
13
Votes
Spencer I.
  • Investor
  • Houston, TX
13
Votes |
102
Posts

2 Sellers in title and 1 has leins

Spencer I.
  • Investor
  • Houston, TX
Posted

Hello all,

I have a question. I have a property under contract with the seller and the seller's brother in title. The seller's brother has a lein on his name that will pretty much kill the deal. Using a general warranty deed, can we have the seller's brother grant the seller sole ownership of the property so it can be sold? Is there another way to do this? or should I just move on from the deal?

Thanks in advance

Spencer

Most Popular Reply

User Stats

2,770
Posts
3,666
Votes
Aaron Mazzrillo
  • Investor
  • Riverside, CA
3,666
Votes |
2,770
Posts
Aaron Mazzrillo
  • Investor
  • Riverside, CA
Replied

You are in Houston, Texas and you're saying a $17K lien is killing your deal? What are you buying, a mobile home? How much money can you make from a house apparently worth somewhere around $20-$25K? Up your game man! All the same rules apply. It is the same paperwork. You can't make a 6 figure payday on a 5 figure house.

I used to buy $100K houses and it was a lot of fun. It was work, stress, risk, and reward. Then I started buying half million dollar houses and guess what; same work, same stress, same risk, but much bigger reward.

Loading replies...