Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

188
Posts
125
Votes
Rodney Marcantel
  • Coppell, TX
125
Votes |
188
Posts

Opportunity to buy home in a Trust from a family friend

Rodney Marcantel
  • Coppell, TX
Posted

I've just been approached from a family member of close family friends who both passed away and she has the home in a Trust. What's the process for getting the home out of the Trust so she can sell to me and how long does this usually take? I'm in Texas (Dallas County) as this might be helpful since this can vary from state to state or county to county.

Home hasn't been updated since purchased in 1961 and is only 1,254 sq.ft. A great quick turn depending on foundation, roof, HVAC and electrical/plumbing. Homes in the area go for $175K - $195K depending on updates. Tax roll is $109K which to me is a good baseline to offer minus big ticket items listed above.

Loading replies...