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 over 5 years ago on . Most recent reply

User Stats

30
Posts
0
Votes
Jared Garza
0
Votes |
30
Posts

Buying property in life Estate?

Jared Garza
Posted

The property in question is a hoarder’s house who is older and her family has come from out of state to get her into assisted living. I’m going to see it tomorrow but before I go I would appreciate if I could get some insight from you guys here in BP. 

The information on the house is her name followed by (life Estate) so I was curious how it will differ from a normal purchase? Apparently it’s with her son and he is also out of state but is happy to do anything he needs in order to make it work. 

The family who is here to help her (her brother and her SIL) is desperate and needing to close very fast so that they can get back to their home state and resume their lives. 

I’m just trying to make sure that there will not be any hiccups because of it being in a life Estate so that the family doesn’t endure any additional stress. 

And also if you could inform me as to whether the sale differs any compared to if there wasn’t a life Estate. 

Thank you! 

Loading replies...