All Forum Posts by: Lee Bailey

90% and 100% Occupied...Direct to owner

Two 10 Unit Mutifamily Available in Birmingham Al. 90% and 100% Occupied...Direct to owner..

I have 2 10 Unit Multifamily buildings in Birmingham Al available for sale. One is 90% occupied and the other is 100% occupied.

Dont need lenders, financing is secured. We are looking for new constuction investors.

Construction is going to be in Pleasant Grove Al...Houses will be 1600-1900 sqft

Good evening. We have new build construction SFH's In Birmingham Al. We've currently just completed 3 all sitting together in a good school zone. First of the year we will be breaking ground on a 41 SFH community. We are looking for investors that are seeking to buy new construction to invest in. How should we go about locating these type of investors?

I don't think it's a red flag - we know the seller. Also, I wasn't implying it did not make sense - I was just asking about other avenues. Wondering if establishing heirship would/could potentially work...

Talked to a seller today, and her exact words were: 

"I have been advised by the title insurance company that because the deed for the property from my grandparents to my uncle was recorded after their death, I need to have a quiet title process initiated."

The property is in Virginia.

Was she given sound advice, or is there another avenue around this? Would be great to hear from any title experts...

Ok thank you

Good evening. I have a situation in Birmingham Al. I'm purchasing a house from a seller that has owned the house for 20 years. Title work came back and there is a break in the chain of title from 1978 to 2003 which is when the seller bought the property. But when the seller bought thee property back in 2003, seller was able to get a FHA loan on the house and still has a current mortgage on the FHA loan. Title company suggested that we install and Indemnity agreement so that we can get this deal close. That's covers transaction now. But I'm concerned about the future. My concern is this, if I buy this property, rehab it and put it on the market, am I going to have a problem when its time for me sell to a future homeowner? Is there anything that I can install now in the closing process to make sure I don't have a problem when it hits the market? Thanks