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Wholesaling a property with "half-deed"

Posted on: Mon, 03/05/2012 - 23:53
Wholesaling a property with "half-deed"

An owner contacted me to buy her property where she has a half-interest. Buyer will have to co-own the house with her partner. Is that even possible?

Pls. let me know asap as I have to get back to her.

Thanks all!

Marizel

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Posted on: Tue, 03/06/2012 - 00:21 #1
deal

Hi She is selling you her part of the deal to you so yes thats possible, get it down in writing and it might be wise to have an attorney look it over for you, wishing you the best ,Jim

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jbischoff


Posted on: Tue, 03/06/2012 - 03:50 #2
Thanks Jim...I'm just

Thanks Jim...I'm just wondering..I will be wholesaling this deal but I'm not sure how to structure it.


Posted on: Tue, 03/06/2012 - 05:05 #3
I don't think so.

I think you'll have trouble finding an investor willing to buy half a house, so to speak. I know I wouldn't buy it. But, maybe a more experienced investor will add their 2 cents. Anyway, best of luck with your investing.

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Posted on: Tue, 03/06/2012 - 05:25 #4
That's what I thought...

That's what I thought...