Not legal advise but passing along what I have been told.

My terminology and description may not be *legally* accurate but the concept is correct.

They sign offers with their name (no POA designation)(the broker's signature) and no signature from the seller (is this even legal?)

So basically I am a handshake investor, uflly equipt with a great legal staff and CPA team.

The team should at least consist of a professional attorney, accountant, broker, escrow officer and Qualified Intermediary who are experts in the areas in which the Investor is working.It is extremely important for Investors to consult with their legal, tax and financial team before entering into any tax-deferred like-kind exchange.

I'm not sure, but I think you might have a legal problem on your hands.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

I thought this place might be under a wholesaler, but zillow says "the owner clained the property." ( Claimed by owner means someone has come to Zillow and proven to be the true and legal owner of a home and they have claimed ownership.)And he's selling it again right now...Zillow's list shows sales of $140 to 169 in September, to 202 in July for similar size.Originally posted by "Ryan Webber": what you need to do is network with a realtor and ask them to pull the comps for the area.

The only way that an offer is legal is to submit it in written form.

What I would do is to order (have the seller order), a pay off from the note/s holder/s, showing what is owed on the property to include taxes and legal fees.