Property deeded via quit claim?

Bird Dogs, Wholesaling
1

I have someone who has offered to deed their property to me via a quit claim. What exactly would I need to aquire this property?

I do have cash buyers and this is a GREAT deal as there is well over 100K in equity. Any ideas on how I can get the investors to work with me so that I do not have to solely own the property?

2

If it has 100k in equity why would you not want to own the property to capture the 100k in profit? Why would you need another investor involved? If I were you I would have it deeded to me and either have a auction for home owners or just retail it to a home owner. As soon as another investor gets involved your going to take a big hit on that 100k. If there is an underlying loan you can always get another investor to make the payments until you sell the property and pay them 15% of their money. There’s really not enough info about the deal to even answer your question the right way.

3

Unless you are 100% certain of the title, I would use a warranty deed.

I agree with Arron, why leave money on the table for someone else?

4

Thanks for the replies…seems the property is ready to close. I’m not part of it either :banghead