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.