All Forum Posts by: Robin Wilk

There were only 3 heirs my grandfather didn't have any biological children.

Okay here's my situation I live in Pennsylvania. My step-grandfather (My paternal grandmother's common law husband)passed away in October 2015. Now, I was not named in the will but I do have a copy of it. I would like to know if I have a claim on the home my grandparents had purchased together in 1985. As far as I know the deed of the home is in both of their names. My grandmother passed away in 2003 and as far as I know her will was a rights of survivorship will.

Can the home go through probate? What are my chances of being able to obtain the property? I can explain more if needed. I'm thinking that I may not be able to obtain it at all but I just wanted to get an expert opinion. Thanks for your time reading this and any advice you can give me.

Don't make an offer until you've seen the place and have an accurate idea of the repair costs then use this formula when considering what dollar amount to purchase the property at:

ARV (After Repair Value) × 0.70 - Repairs (Estimates) - Your Fee (Usually between $1,000 and $10,000) = MAO (Maximum Allowable Offer).

Good luck!

There are many resources available here on BP. Have a look at the education tab and check out the wholesaling guide under the guides tab. Look up local REI meetings through here, Google and meetup and start networking at them. Study and ask questions while you're learning. Most importantly take action. Hope this helps you feel free to message me if you need any other help or advice.

Numbers don't lie people do. So if the seller doesn't want to negotiate the price at all walk away. That just means the seller isn't as motivated as he could be. In other words wait him out sometimes you'll find that the seller will have to lower his price to get the property to sell that's when you swoop in and "save the day".

Nicole,

Welcome to BP. There are tons of resources here to get you started. I recommend going to the education tab and checking out the beginner getting started guide. Find local REI meetings through here, Google and meetup and start attending them and networking. As a quick side note I want to say thank you for your service. I know that being in the military isn't easy and not everyone stops to just say thank you. If you have any other questions I'd be happy to answer them if I can.

Always either tour the property yourself or have trusted boots on ground tour the property and take pictures to send to you before making any offers that way you know if the property is a good investment or not. It is also a good idea to run the numbers before making an offer that way you know the cost before going in so you don't lose money on a deal that really wasn't a deal to begin with.

You can put up a Craigslist ad asking for help basically being your eyes on the ground and pay them a fee to take pictures of the property for you in your place. You can also as them to take notes on the property as well to get an idea of the repair costs if any are needed. Hope this helps you out.

If you ask 20 different people about the legality of wholesaling you'll get 20 different answers. This comes down to the interpretation of the law and the legal definition of brokering. *Note* I'm not a lawyer and this isn't legal advice. Talk to a real estate attorney that is familiar with the laws in your area to determine the legal definition of brokering without a license. This can determine if wholesaling is legal/illegal in your area. If worse comes to worse this challenge can be overcome by getting your real estate license. 

From what I understand if you double close and legitimately own the property you can then turn around and sell that property to another investor for more than what you paid for it. In my opinion it is just a best practice to be honest and explain to both parties what you do that way no one's toes are getting stepped on so to speak. Again this is not legal advice and I am not a lawyer. I hope this helps you out.

Inaam,

Are you looking for a cash partner or someone who has experience? I'm fairly new but I've learned a lot. Feel free to contact me and I will try to help you out if I can.

Check under the Marketplace tab for HML in Pennsylvania. As to the documentation they need unfortunately I can't answer that as I've yet to use them. Good luck!