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Updated almost 5 years ago on . Most recent reply
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Unique Owner-financeable home near Charlotte w/ history & issues
I am looking at a potential sale of unique log home (gorgeous but needs updating -- no problem there). However, the home has some unfortunate history with it (not going to spell that out here but previous owner died there). Family wants to offload it. Another issue is its location: near Charlotte -- that's a plus, but at the back of a trailer park (not a well-taken care of one at that); one has to drive through the small trailer park to get to the home. It is on a corner lot and has open space on two sides. The property is nearly 2 acres with lots of trees and yard maintenance. Another realtor pointed out that, although it is a beautiful log home (unique inside and out), it is out of place and won't sell there (needs to be on a mountain lot or a more appropriate setting). The family is motivated and interested in owner-financing, so that's a plus. An investor friend in the area thinks it too risky to get involved with. I think it could be a great opportunity but might need to buy and hold for now. I would love your expert opinions.