Neighbor wants to sell me her house

[Jermell Shavers]

So today me and my neighbor were talking and she wants to sell her house to me but she said she is upside down and wouldn’t have anywhere to go if she did sell as she is retired and has limited income.

So I offered to pay her 35k the place is worth about 72k and we would agree she live out her last days and when she is gone I would take it over.

Does this sound like a good deal she would still pay for property taxes insurance and everything. I could still use the property for a Heloc as I would own it free and clear. What are the downsides to this for me ? And her just want to see it from all angles