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Updated almost 13 years ago on . Most recent reply

User Stats

57
Posts
2
Votes
Namon Thorn
  • Hammond, LA
2
Votes |
57
Posts

Wholesaliing Question(s) :-) on possible deals :-)

Namon Thorn
  • Hammond, LA
Posted

Hello BP Family,

Hey guys thank for all the good advice regarding my last posts. As regard to the last senario. Called the owner of the "shell" property. I made a "ridicoulous" offer to him. He still wanted $40K for the unfinished shell house. I offered him $12,500.00. His response was and I qoute,( NO HELL ON !!!I paided that for the slab). It seems that he took offense to my offer. BUMMER:-(!!! Was I kool to offet such a lowball offer. (I probably just awswered my on question.) Right?!

Anyway, I had another possible deal but the guy dosen't have clear title accordiing to the title company. I recently sopke with him about the situation. He told me that the house is in his nepew's name and can get him to sign a quitclaim deed to the property.

Now my question (s) are, Once he has his nephew to sign the quitclaim deed obviously he can sell the property if he is listed the new owner of record and also if that clears the title of any other clouds, right? Would he have to use the services of a real estate attorney for this or just file it with the county recorders office?

Either way I know he has to have clear title in order to sell the propety. As usual any good feedback will be truly appreciated!!! [img][/img]

Thanks,
Newbie Namon, (Still on the grind)

Most Popular Reply

User Stats

1,029
Posts
380
Votes
Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
380
Votes |
1,029
Posts
Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
Replied

If you wanna tell me to F off that's your prerogative... but the goal of my post was to help you understand that no one really cares how you arrived to your deal. It's either a deal, or it isn't. So just provide the address, and what you can sell it for (as Ryan states he does in the other wholesaling thread), and you'll get more interest.

In any event... I'm done with you, so you got what you wanted.

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