All Forum Posts by: Nick Bernhard

Feel free to PM me. I have a few contacts in the area that could help with this.

I recently purchased a property for very cheap. I had a title search done (no title insurance) with only back taxes showing up. I ended up buying it via a Quitclaim Deed.

Fast forward... I am now looking at selling this house through a Realtor friend. When I go to close, the expectation is that there will be a Warranty Deed. There will also be an updated title search done with title insurance.

If I go through with the sale, what kind of liability (title-wise) will I have once the sale is complete?

Thanks @Marlon Wilson. Appreciate it!

Thanks Rachelle!

Good morning BP Forums!

Just saying hello from South Bend, Indiana.

I just bought my first investment property after lurking on BP for a couple months. I've been interested in REI for a number of years, but always thought that you had to either have money or go with traditional financing to do it. In recent months, I've been reading up on creative financing and looking forward to putting this knowledge into practice.

I'm looking to flip houses and acquire some buy-and-hold properties along the way and really interested in collaborating with local RE Investors.

MY CURRENT PROJECT: Just bought a 4/1 house for $6,000 on the northwest side of South Bend. Comps in the area peg this property at $25K and repairs are estimated at about $4K. Exit strategy includes either sell for cash (preferred) or lease option if necessary.

If you are near South Bend, let's meet up and discuss REI.

Nick