All Forum Posts by: Bee Canyon

Thank you all for your input. The family decided to keep the house at this time.

That would be great! I am not a real estate agent, can any one use this form?

I live in Southern California, do I need to use the California RE contact to get a probate deal under contract to be able to assign it as a wholesale deal? Since these transaction are all cash, could I use a regular one to two page wholesale contract? Would the attorneys have problems using the 2 page contract? thanks.

Rick,

Do you have a standard contract that you can share with me? Thanks!

Rick,

When you say "structure your offer," do you mean to add an additional line to the contract to state that the seller is responsible for any and all outstanding liens, seconds, or taxes not previously mentioned in the initial offer? 

 This has not happened to me, it came up during a title search but the liens were cleared. I just wanted to know for the next time. 

The best you can do is renegotiate the final sale price to cover the liens or back out of the deal if the numbers don't make sense. 

 No, the buyer has a clause where he/she could back out for any reason.

Hi All, 

When having a probate deal (or any deal) under contract in a wholesaling transaction, what happens when the title company finds an unexpected lien or 2nd or taxes, etc on the house? Who pays the liens or taxes? I mentioned probate because many times the PR probably won't know all the financials on the house. Thanks!

Thank you, I have been doing a lot of reading and getting some good information. I'll be sure to read those articles.  

Hi All!

Just came across BP today for the first time and it seems like there is a lot good information on this site. I was looking for some possible local coaching in various aspects of RE. I am not sure where to start but this site looks is a great start.

I am located in So. Cal (OC) and wanted to get some feedback from this community as to where to start looking for possible flipping, lease options, wholesaling, etc. I have bought and sold other properties but now I want to get into investing. Any guidance will be appreciated! Thanks!