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Updated over 8 years ago,
Possible condo investment... What should I ask?
Hello everyone,
I have been marketing for motivated sellers for the past 3 months with not a lot of luck. Things changed this afternoon when I received a call from an older individual looking to sell two of his condos. He's older and has heart problems so he's trying to get them off of his hands. He wants to meet tonight for drinks and to talk about everything. I'm thinking about trying to acquire them for myself somehow.
He's selling one for 20k and another for 25k. I can hear in his voice that he would be able to negotiate something. He will even take a down payment of some sort and draw up some terms.
I'm wondering if people invest in condos really? If so are there some key questions I should be asking him? They're completely paid for with clear titles.
Any help would be great