All Forum Posts by: Liz Purcell

They probably owe taxes or its very distressed

No its a quit claim deed the purchase was made in Pennsylvania
To my understanding, I do own the property. He sold the property to me and he registered it with the county.

Frank
I just got the deed this morning. I Closed about a week ago.
So you are sayihg a deed doesnt mean ownership? please explain.

Liz

Hello fellow investors!
I just bought some land and I already have a buyer. Now should I wait for the title to come in before making a contract with the buyer or can I go ahead and make the deal?

Thank you for clarifying the option purchase for me. NOw I can look into this investment property I've been eyeballing for a while :0)

With the option to purchase agreement once you find a buyer for the property, how do you transfer ownership when you dont fully own the property?
Do you finish buying the property then selling to the buyer?

Can YOu explain to me how does lease option work is that rent with option to buy?

I'm currently investing in an area that is not so great, but as long as you see potential in the property, you'll make a good profit on it.
Whats a bad area to one person seems to be a descent area to another.

You can always follow up with the owner every 3-6 months. You never know what may come up in their lives that will force them to sell.
You can also put different scenerios in front of them so they can see that they are better off selling it now. Eventually they'll give in

There is a book called How to make money on Real estate options by Thomas Lucier. It pretty much tells you everything you should look out for when you are considering doing business like this.