So I went to an Estate Sale Today....

[Kevin C.]

Wife picked up a small item, I went after a little bigger item - the RE!

Can't say too much about the deal yet since nothing has been put on paper yet. Meeting with seller tomorrow to discuss the details. It's a bit complicated, would involve renting the property until an event occurs at which time I would purchase at a pre-determined price.

If we come to agreement, it will take some time to get everything drawn up properly to protect all parties.

This may just be the one I've been waiting for!

[Kevin C.]

Handshake deal at this point.

Seller will be leasing me a property for a very low sum until the owner passes. Once owner passes I'll have first rights to buy property.

Property is a home on 4 acres with a nice metal workshop (1300+s qr ft).

The rental price to me will be in the $500 a month range, once the lease begins, I can re-lease or do whatever with the property.

My intention is to use the shop and update the home so my son and his family can move into the place.

In the future, I may build another home on the property for income.

Acreage is in a very desirable area - neighboring homes range up to million+.

We live less than a mile from the property - very convenient for us.

The at some point to be owners are 'don't wanters'. A few questions while at the estate sale brought this deal together. Pretty sure the estate sale was only advertised with signs placed in the area, it was not advertised that the property might be available.

Perfect example of if you don't ask you'll never know. Only reason I even knew of the sale is because we live in the area. Only reason the RE deal is happening is because I expressed interest in it and asked the right questions.

Paper work will started tomorrow.

This looks to be the deal I'd been looking for! It's not a done deal until paperwork is drawn up and signed, at this point it's still a handshake deal.