Wanting to buy my neighbors house that's not on sale. Possible?

[Sonny Bagga]

Hey guys and girls. I want to buy my neighbors house. It would be my first house. The thing is, he's living alone in a single family home, 77. The estimate is around 250k, but I can't offer that. He bought the place for 130k years ago. I can offer cash of that possibly with help from family. How can I go about doing this if possible?

I'd rather not have the house go to the bank or anything. I read about writing an offer but don't know what to say. Any help would be appreciated. I would like to later on turn it into a rental but would be living there myself for a bit (if I got it).

First time on my own doing this. My relatives have some rentals but some family you just don't ask, you know haha.

[Wayne Brooks]

@Sonny Bagga Yeah, I’m guessing when you’d want to sell this house you’d want that BS market price though, right?  If he had Apple stock worth $250k you think he’d sell it to you for $130k?

Right now you’re tossing around delusions, you don’t even know if he owes anything to the bank, or how much, if he’s behind, if he has heirs, etc.

If you want to do something, just talk to him, see if he’s interested in selling, go from there.