All Forum Posts by: Ethan G.

@Tchaka Owen - Your advice is very much appreciated - thanks! Knowing that I have several exit strategies makes me feel much more relaxed about the deal. 

I'm not familiar with the private money process, but I'm relatively confident that I can get approved and double-close. Would you happen to have a network of private lenders with reasonable financing terms? If so, please send me a PM. In regards to my cash buyers list, its currently a work in progress, as wholesaling is a new avenue for me; I was a "buy and holder" in the past. 

I'm purchasing a property from a friend. It is a 1,000 ft 2bd/2ba SFR that has been vacant for 8 years and is in need of significant repairs. The agreed sale price is $22,000. He is selling it to me on a zero down, owner financed, personal note and I am going to self-fund most of the repairs. My question is, what is the absolute minimum that must be done to transfer title to the property? Someone suggested "Just have him deed the property to you" but I'm not sure how the mechanics of the transaction work. A title company has quoted me $1,700 to close the transaction. I'm sure there is a less expensive way to transfer the title even if it involves a bit more work on my part. Any suggestions?