Probate lead in Memphis?

[Ben Roberts]

I'm a wholesaler in Memphis, TN and I got a call from a lady interested in selling her home. 3 bed / 2 bath nice East Memphis neighborhood, actually 2 blocks from my personal residence. It seems like a good deal, ARV $135K, she wants $115K, rent would be around $1,200. She says that it used to belong to her mother who passed away and that it's now in probate. How do I put this together? Do I need to wait until probate gets settled? What questions should I ask? What do I need to know that I don't know?

[Alex Craig]

Not my area of expertise, but my thinking is that you can go ahead and put it under contract and once it clears probate, you can close. When you put it under contract, your closing attorney will handle the rest. Make sure the seller is paying for the title search.