All Forum Posts by: Account Closed

I am looking at a potential flix and flip. The property is being marketed for $75k with an ARV of $200k with little renovation work and it's in a nice area.

The issue is with the title. The property has an association foreclosure lien on the title but the lien is paid off supposedly. 

My question is 1) how can I clear the title? I am slightly suspicious because the person selling the property is an investor so if it is easy to do then why is he not doing it? 

What if I hire an attorney or company to investigate this for me to assist with clearing the title? The numbers are fantastic so I am trying to figure a way out to make it work. 

Thank you for reading my post and I appreciate any guidance!

I am looking for fix and flips in the Reno market right now. Last week a 6 bed 2 bath dump came on the market in West University area (near UNR) which is a fantastic area (low crime, and most college students prefer to live in this area). The asking price was $145k and it needed maybe $15k in rehab work. Rooms rent for approximately $500 per month. So in terms of cash flow, this property would have been a steel for a buy and hold investor.

The property came on the market on Wed and had accepted an offer by Thurs, so the market moves fast. I lost out as my bid wasn't competitive enough. I was going to flip it to a buy and hold investor.

When I am ready to buy and hold I will definitely consider this market as there are really good deals out there if you follow the market closely and have a good agent helping you.

Jeff, I am a local wholesaler. Feel free to private message me your property criteria, and we can take it from there.