All Forum Posts by: Alison Emmert

Hey BPers!!! I need some help/advice as to what I should do with a possible subject-to I have with a house that is suppose to be auctioned May 2. I received a phone call from a direct mail campaign I sent out and the lady said that she needed to sell her grandmothers house because she could not keep up with the payments after her grandmother passed away and wasn't about ready to give it back to the bank. I asked her if grandma had a Will which she denied. So of course I asked about a spouse or children. The lady (grand daughter) said that her grandmother had never been married and that the only child was her mother who had passed before her grandmother passed. She said that while her grandmother was still alive, she was granted guardianship of her grandmother and her estate, which I know ends when the ward passes. The issue I have now, is that the grand daughter swears up and down she has the right to sell grandmas house. If she is the only living relative, she has heirship to the property, but her name is not on the deed and there is no paperwork besides the certificate of guardianship of her grandmother and her estate (which was done 1 yr prior to grandma passing away). She does though have an Affidavit of Heirship to her grandmothers vehicles, just not to the property. My question/concern is does the grand daughter still need to Probate the estate (which she claims she doesn't) and put her name on the deed for the transaction to work? Thank you in advance!! :)

I agree with Rick Pozos I would of never gotten the duplex under contract had I not put myself out there and networked with other investors in the area and found Rick. I am still new to the investing world and still learning but BP has definitely been a BIG part of me "stepping out of my comfort zone" and just getting it done. Do a search for people in your area and send them a message. It'll definitely help you out with your decision.

Brian Banks thank you for the information. The property does have a windstorm certification and is actually located more towards the Del Mar District off Crosstown. So as far as construction goes, the only construction in the area is off Ocean Dr.

Ian Mains Welcome to BP!! You will meet lots of cool people on here willing to help you with whatever you need :)

@Tracey Cazalas I sent  you a colleague request with the information :) Thank you

John Leavelle the only thing I have as far as comps so far is the appraisal that Nueces County has on their site which is $81k. Also I have found that the rent for similar places are going for $700-$750. The deal is a cash deal, so I'm trying to find someone who is familiar with that area of town so I can get some tips as to if it's a good rental already, etc.

Need some help figuring out if this is a good deal because I'm not familiar with the Corpus Christi Market.

I came across a duplex in the Corpus Christi, Tx area. It's located near highway 286 & 37. Each unit has 2bed/1bath and approx. 720sqft (1456sqft total) there are some cosmetic repairs, but nothing major that I can see. Owner states being able to rent $650 each and asking $70k. Owner owns property free and clear.

Would this be considered a good deal?

@Jessica A. Smith Thank you for the information. I will definitely reach out to local realtors :)

I think you're right. Thank you for your insight :)

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