3 Properties on 1 note in a trust...

[Keith Agnello]

Hello Everyone,

So I had a response to a yellow letter I sent out to an absentee owner that was quite interesting. I spoke to this gentlemen for over 90 mins and found him to be quite the sophisticated investor at 75 years old. It is time for him to start unloading his properties right now because he has done all he can do with them and he wants to spend more time with family.

The property I mailed in reference to turns out is 1 of 3 properties on a single note. It is in a trust and he will only sell 1 if I buy all 3 properties. After doing my homework it is quite the deal for what he asking for the properties.

I have been an investor for over 2 years now and in the last month I parted ways with partners and became a one man band for the moment so I am learning a lot of the components of the business that I did not need to focus on with partners. My focus is wholesaling properties but I am lining up funding to do my own fix n flips once I establish a team.

So my question is what (if anything) is different about this deal than a standard deal? Should I be looking at anything else or asking the seller any other questions than the normal?

Also, he did tell me to take a look at the trust to see how it was set up mainly for my own growth as an investor but I have been unable to locate it through the county recorder web site or anywhere on the internet so insight into finding would be helpful?

As always, thank you for taking the time to help.