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Updated over 4 years ago on . Most recent reply

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Musa Elsir
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Need help wholesaling 40+ Acres - Worcester County

Musa Elsir
Posted

I came across a property recently and the owner wants to sell rather quickly. The property is in Worcester County, MA and has frontage on a major route. 40+ acres. Daily car count is about 17,000.

I've been able to build amazing rapport with the seller. She loves me. Only problem is, I'm having trouble finding a developer. Even if I find a developer, I don't think they will pay the amount she wants. I think going directly to a major retailer will increase the probability of her getting more for the property. Does anyone have any connections to retailers that you would be willing to share? Or maybe propose a different solution that can push things along?

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Michael DeFrancisis
  • Wholesaler
  • Charlotte, NC
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Michael DeFrancisis
  • Wholesaler
  • Charlotte, NC
Replied

@Musa Elsir if their goal is to avoid probate I believe she can move the deed into a Trust. That way when she dies, the deed never needs transferred - her kids will just become the new executors of the trust and they can sell that interest to the developer. That should buy you some time. I’m sure I used some incorrect terminology - I definitely advise seeking counsel from a family estate planner; however, I know people use trusts & estates to maneuver around probate.

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