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Updated over 7 years ago on . Most recent reply

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Andres Alejandro Rodriguez
  • El Paso, TX
1
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The property is in two states.

Andres Alejandro Rodriguez
  • El Paso, TX
Posted

Good afternoon folks. I apologize if I am asking a question that is already on another discussion that I did not find, but I am seeking guidance on wholeselling a property where a corner of the house crosses a state line and the rest of the land is on the other state. The seller is very motivated and is wanting to get rid of a 10-acre property. The house and two acres are in texas, and the other 8 acres are in new mexico. I was only curious about the property when I cold-called the owner and now I have a motivated seller that will consider any offer. I only have 3 months experience as an investor and this might be too much for me to chew, but I am curious and creative enough to try and pull it off. 

I need advise, please and thank you!

Most Popular Reply

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Linda Weygant
  • Investor and CPA
  • Arvada, CO
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Linda Weygant
  • Investor and CPA
  • Arvada, CO
Replied

You'll need to find out how it is legally described.  My gut feel is that you've got a parcel in one state and a separate parcel in the other state, so you will be working with two separate contracts and working with the laws in two different states.

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