Owner passed away intestate

[Dan Duran]

I'm trying to find a way to buy this property and help the heirs at the same time. The owner, who is the only person on title, was in her 90's and was being cared for by her daughter. They were trying to get a will in place, but they never did. None of the heirs have money to pay for a probate attorney and the only asset in the estate are two homes. There are 4 siblings in the family, but I have been dealing with the daughter living in the property for over a year. She is also the only one that lives in the area. They are not in default, but need to get the money from the equity in the property to pay for funeral expenses and the probate attorney. I'm trying to structure this so that I can get the property, but without knowing the executor, is that even possible? There is plenty of equity in the property and I have already determined that the daughter does not want to live in the home. Any advice would be greatly appreciated.
Best,
Dan

[Ibrahim Hughes]

Dan I say go for it. I know others say "only if it's worth the time" but if you draft up your agreements well enough you can protect yourself from liability while you pursue this thing and obtain a great education.

I have a lot more skills in the RE market in my area because I took the time early in my career to tackle some weird and complex cases. Along the way I learned a heck of a lot about laws, people and opportunities that could be taken advantage for for a nice profit. Today, my lawyer of 7 years just remarked that he could write a very interesting law book off the cases I have brought him over the years. Stuff he's never seen but has been glad to deal with because he becomes that much more valuable of an attorney as I do an investor.

So I say pursue this providing you are released of liability, it won't take up all or too much of your time and you don't have to put much money out. I'm sure somewhere along the way you'll learn more about your market and likely discover a niche or two. Good luck.