Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

252
Posts
164
Votes
Garry C.
  • Rental Property Investor
  • Littleton, CO
164
Votes |
252
Posts

Time for a Yellow Letter

Garry C.
  • Rental Property Investor
  • Littleton, CO
Posted

So, I'm at my wife's uncle's house for dinner tonight, and it's gossip time. Turns out, the guy next door just passed away about a week ago. Half the family thinks that his wife is probably going to want to sell the place soon. They didn't really like the guy, but say that his wife was super sweet and must be a saint for putting up with him for all those years. Bets are on her wanting to go travel around for a while.

It's a 3/1 on about an acre of land, mixed zoning in Lakewood, CO just west of Denver. There are several 6-12 plexes in the neighborhood, some even on the same block. Lots of new apartments going up all the time. If I don't buy it, someone else will. Since I've got a head start, what's the best way to make sure that it's me instead of that someone else?

Naturally, I'm thinking 'I need to send her a letter'. But what to say?
Should this have a personal touch? Be completely honest, send my condolences, let them know about my relationship with the neighbor, and ask if I can help by buying her out?

Or (and this is the way I'm leaning), should I keep it business-like, as if I've sent this letter to everyone in the neighborhood, and I just happen to have good timing?

Loading replies...