Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Minh Le

Minh Le has started 9 posts and replied 65 times.

Post: My first deal. Please help!

Minh LePosted
  • Pearland, TX
  • Posts 67
  • Votes 21
Originally posted by @Jamie N.:

Since they are trailers, wouldn't you just need to make sure that you have the title for each one?

 Thanks Jamie. That would make sense, since they are not real property.

Post: My first deal. Please help!

Minh LePosted
  • Pearland, TX
  • Posts 67
  • Votes 21

Thanks Steve for that advice. We get that done shortly.

Post: My first deal. Please help!

Minh LePosted
  • Pearland, TX
  • Posts 67
  • Votes 21
Originally posted by @Steve Babiak:

@Account Closed - you have a forum namesake here ;)

 Minh Le is a really common name in the Vietnamese community. You will run into at least a handful of them in your lifetime.

Post: My first deal. Please help!

Minh LePosted
  • Pearland, TX
  • Posts 67
  • Votes 21

@Amy A. I am not sure whether they are on owned or rented land. Please excuse my ignorance, but is that a determining factor in me taking ownership/possession of the trailers? From what I understand, if these trailers are movable and not a total mess, there is a market for them.

My concern is how to officially take ownership of the properties. Surely I shouldn't just go there and haul them away right? Since it is not considered real estate property, is there even an official document that I would require for the current owner to sign, to officially give it away?

Post: My first deal. Please help!

Minh LePosted
  • Pearland, TX
  • Posts 67
  • Votes 21

Hi all,

I'm a long-time lurker, first-time poster. A business associate reached out to me, asking if I want to take possession of 7 trailers that were affected by the hurricane. From all that I have read and heard on Bigger Pockets, there is certainly a market for these trailers. What would I need to ensure that I legitimately have title to them? Would a signed quitclaim deed and/or general warranty deed suffice?

What kinds of title searching, if any, would I need to perform?

Given some time, I may be able to find the answers if I dig deep into the forum, however time is of the essence at this point; and I don't want to blow this opportunity by hesitating and delay taking possession.

Any help would greatly appreciated!

Regards,

Minh