Is the lawyer going to kill my probate deal!?!?!?!

[Michael DuVentre]

I recently found a really good deal in my home town. This is a probate deal I am working on. The person who owned the home died and it says in the will that the home must be sold and the money received from selling it will be split between the heirs!

* there are 4 heirs

* the executor of the estate lives outside of the city and so does all the heirs

the ARV is 125k and the repair costs are 2k

I told the executor that I could giver her 60k cash and could close in 15 days. (15k per heir).

The executor told me she doesn't know if she can sale the home.  .... I told her to call her attorney assigned to the probate estate.

DO you think when she talks to the lawyer he will tell her something that would make her back out!?!?!?!?!?!?!?!!?

THIS IS MY FIRST TIME TRYING TO WHOLESALE

[Jay Hinrichs]

Originally posted by @Michael DuVentre:

1. I will not be purchasing the home, I am wholesaling it to an end buyer! I do not have a buyer yet but I am currently telling investors about this. If I don't find an end buyer honestly I will back out of the deal..... I hate to say that but I don't have the funds to purchase it myself

2. Thanks for your professional advice @Jon Holdman 

 .....

Its this type of thing that drives many of us Nuts.. here you are you have no ability to close unless you find someone.. this to me is just so wrong on so many levels.. I am not sure where others stand.. but from my point of view get your funds together first then go shopping your just wasting everyone's time..  And of course if you can't do it you simply back out this gives the industry a bad name... ITs wrong to go into the deals with no capital lined up in my opinion.