All Forum Posts by: Musa Elsir

@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.

That's a great idea! Thank you for this!!

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Originally posted by @Steve Morris:

"I definitely need more than love to make the deal work…hence this post on BiggerPockets."

Like maybe hiring a licensed commercial land broker to list/sell it? Be the best way to show you care about their welfare.

Sounds like you don't like investors that wholesale lol. You're also assuming I didn't present that to her as an option.

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Originally posted by @Cason Acor:

How quickly is she wanting to sell? I think you’re going to have to rein in her expectations on this one. The biggest problem you’re going to run into is that land deals usually spend a lot of time in escrow. No developer/retailer is going to close without making sure zoning, entitlements, surveys, and building plans are all done and approved. All that takes a very long time. Deals like this can easily spend six months to more than a year under contract before closing.

Her mom is elderly and they are trying to liquidate before she dies. They want to avoid probate. But all of that makes a lot of sense. Thank you, sir!

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Hey Steve, thanks for your reply I appreciate the sarcasm. Are you ok? You seems a little on edge. I definitely need more than love to make the deal work…hence this post on BiggerPockets.

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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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All Forum Posts by: Musa Elsir

Musa Elsir has started 1 posts and replied 5 times.

Post: Need help wholesaling 40+ Acres - Worcester County

Post: Need help wholesaling 40+ Acres - Worcester County

Post: Need help wholesaling 40+ Acres - Worcester County

Post: Need help wholesaling 40+ Acres - Worcester County

Post: Need help wholesaling 40+ Acres - Worcester County