Questions About Buying Wholesale Properties
Howdy, I’m a first time investor buying a wholesale property. Before I close, what I should I ask the seller for in order to determine that I’m free from any outstanding taxes, liens and other items that will could possibly come to haunt me later down the road. The purchase will be through a quick claim deed. Please let me know your thoughts.
Most Popular Reply
Hey @Michael Watkins welcome to BP! So the quick claim the seller is does not guarantee clear title meaning you can't go after them for any judgements. If you are worried about taxes/liens/outstanding get the title done, will cost you only a few hundred bucks and save you the headache. For taxes most counties (not all) have those records updated on the Tax Assessors website to the public so you can see if there are any outstanding taxes on record. Feel free to message me with any additional questions. Best of Luck!