Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

177
Posts
54
Votes
Davit Gharibyan
  • Saint Paul, MN
54
Votes |
177
Posts

Owner is in Nursing Home

Davit Gharibyan
  • Saint Paul, MN
Posted

Hello all,

I was driving for dollars and saw a FSBO sign. Called the owner and talked to the daughter. Long story short, the owner is in the nursing home. According to the daughter, the nursing home has some sort of right to the property (might be lean, I am not sure) to cover the owner's care costs. Their asking price was based on tax assessor's value and according to the daughter the nursing home won't accept anything less.

Here's my strategy of action:

1. Get the contact info of the person who handles the matter and submit the offer to them.

2. Offer some cash incentive to daughter to motivate her to cooperate in the matter.

What actions would you recommend?

I greatly appreciate the suggestions.

Loading replies...