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Updated about 11 years ago, 09/07/2013

User Stats

38
Posts
1
Votes
Charles Kuchlenz
  • Investor
  • Minneapolis, MN
1
Votes |
38
Posts

Out of state motivated seller

Charles Kuchlenz
  • Investor
  • Minneapolis, MN
Posted

I have recently come across a property which looked vacant and decided to do some digging. I searched the county tax records to find that the owner of the property has been current in paying the taxes for the past 5 years, but lives in TX (I am in WI). I sent a letter explaining that I would be interested in purchasing the home and have received a response from the owner's daughter stating that her parents are looking to sell. I would like to wholesale this property if we can negotiate a proper price.
Are there some things that I should be considering when negotiating an out of state deal? How would you structure the closing?

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