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Buying & Selling Real Estate

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Timothy Reed
Pro Member
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15
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Is this a wholesale deal?

Timothy Reed
Pro Member
Posted Jul 12 2022, 16:58

We are buying a property off of my niece that she just inherited. She has agreed on a price is allowing us to rehab and sell it to someone else form a profit. At that time she will take her agreed upon amount and we walk with the rest.  

We are confused on the paperwork. Do we need to have a purchase agreement with an assignment clause or any nodes how to handle this.  We are in Pennsylvania if that is relevant

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