Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
9y
I have no idea what you mean by how they work for wholesalers.
I also do not understand what you mean by
I can tell you what a quit clam deed is. Basically a quit claim deed says, "if I have any interest in this property, and I am not say that I do have interest in this property, any interest I may or may not have is transferred to you." I could legally give you a quit claim deed to the Trump Tower. (or one of the Clinton's mansions, or any other property)
Quit claim deeds are grossly overused and over promoted by Gurus. They are a weak deed and should be avoided.
There are legitimate uses of Quit claim deeds. One example would be getting a quit claim deed from heirs of a property, or to otherwise clear up the title. In a situation like that it would be a title company or attorney that would be advising you how to use one.