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Updated about 13 years ago on . Most recent reply

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27
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3
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Jason Miller
  • Real Estate Investor
  • St. Clair Shores, MI
3
Votes |
27
Posts

Help!!! Wholesaling question

Jason Miller
  • Real Estate Investor
  • St. Clair Shores, MI
Posted

Hello everyone-

I have a quick questions- This is concerning my first wholesale deal. I'll give the short back story.

I have been reaching out talking to buyers and sellers, I came across a out of state investor who has two properties in my area. I listed them in all the usual places and got a bite- It wasn't what they wanted but are very motivated to get out of these properties.

My question is, they want to quit claim the properties to the other investor, how and what form would I use so I can get my assignment fee? I didn't put the properties under contract as of yet because I told them I would see what I could do.

Thank you in advance. Any advice would be greatly appreciated.

Most Popular Reply

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22,059
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14,128
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
Votes |
22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

A quit claim may not be worth the paper it's on. Do the transaction properly with a title company and a warranty deed.

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