All Forum Posts by: Michael Grant

My aunt has a home that she owes about $50,000 mortgage left on the property. She wants the home out of her name and currently her brother is currently renting it from here and he has bad credit, but have the funds to continue to pay. He wants me to take over the house in my name and he pay me . How can I make this work and get the property when my finances are not available right now. The home is currently valued at about $180,000.

My aunt has a home that she owes about  $50,000 mortgage left on the property. She wants the home out of her name  and currently her brother is currently renting it from here and he has bad credit, but have the funds to continue to pay. He wants me to take over the house in my name and he pay me . How can I make this work and get the property when my finances are not available right now. The home is currently valued at about $180,000.

@Evan Polaski Thank you

@Eric Snyder thank you

I have a family member who want to sell her home next year around March and buy another home. She is renting the home out want to sell the home as is because it need work done that she doesn't have the money for. As is she can get about $105,000 for it but ARV is about $150,000-$160,000 and she want me to list it for her. What are some ways I can convince/persuade her to let me flip it for her and make the profit from the sale to make a win-win for both of us. The house need about $10,000-$15,000 in repairs that I could pay for.

@Charlie MacPherson I will be talking with my Broker. Thanks for your response.

@Charlie MacPherson that is what I was worried about legal issues.

How many Realtors are driving for dollars to wholesale deals?

@Mark H. Porter no I haven’t bought it yet and was going to pay cash $10,000 for it . Rentals in the area are about $750 a month it need a full rehab . Had a contractor to already give me a bid.

@Josh Stevens it will have to be rehabbed before a tenant can move in.