My father went to visit his homeland and now has decided doesn’t want to come back. He has left behind two free and clear homes and a lot at a rv resort. He wants to sell these properties and very motivated to sell. He knows I’m interested in getting into real estate investing and wants me to obtain these properties or sell them for him. I want to keep all three but maybe will just try to keep the homes. I’m doing research right now on land contracts. If any success stories out there using this method PLEASE let me know, especially in Texas. As far as the lot he has at the rv resort I’ve got a buyer already for it. If I decide to sell the lot would like to know since my dad is out of the country can I do a quit claim on the lot and then turn around and sell it? He still owes about 5k on this lot. My dad doesn’t want to come into town unless really has to. Can I sell his lot without him ever coming into town? How can I do this?
Have your attorney draw up a Limited Power of Attorney to sell the properties. With power of attorney, you can act in his place to sell.
I hadn’t even thought about obtaining power of attorney. Thank you. Will definetely look into that.