Should I Use Quit Claim?
Here's the scenario, a lady wants to just hand her property over to me. She owes $900 on back taxes which I will take care of and and I am giving her $1,000 to purchase the property. I have a rehabber/buyer lined up who I will wholesale the property to for $6,000. What is the best way to close this deal? Should I just have her quit claim, double closing, grab profit from rehabber and he close everything with her... Need some good advice. Thanks, Christian "The Solutions Kid" Beebe [addsig]
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I would place an option on the property, then assign your option to the rehabber.
Go to http://www.straightoptions.com - buy the ebook for $69, it has forms and it is a quick read. Plus, you get unlimited email mentoring from Troy, the owner, and he answers questions THOROUGHLY. Best of luck, Dave
use a Warranty Deed
Where can you find a Warranty Deed and how do you use it, how does it work in this scenario?
Thanks,
Christian
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