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Updated over 12 years ago,
Flipping the House Next Door
One of my next door neighbors passed away a while back. In speaking with another neighbor the other day, I learned that the next of kin were looking to sell the house.
Perfect lead!
My neighbor's concern was that the family would take a low-ball offer just to sell it quick- our modus operandi. The reason it concerned him was that it would affect our own property values.
So I ask you all, would you make a 70% offer on the house next door, despite the hit your own home value could take?