Tax Avoidance Strategy or Philanthorpy?

Bird Dogs, Wholesaling
1

To get familiar with wholesale flipping in the Detroit market, I’m studying on of the local pros here as a model. She gets bank properties under contract then usually double closes.

When I search for her purchases and sales in MLS public records, I can see her purchase price with Warrandy Deed but then her sale price is $0 (zero) with a CS or DD deed type.

This look like he selling the property for nothing to avoid taxes or something. Any ideas what going on?

2

The property could be getting deeded to her for $0 because she may be taking over an existing mortgage on the property. The best way to figure this out is to go to the registry of deeds and look at the actual deed. Good luck.