Innovative Strategies
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Help buying a property from the children of a dementia patient
Hi all,
I'm trying to buy a SFH from the children of a dementia patient. The house is vacant for over 5 years now. The Husband, a former carpenter passed away some time ago, the wife is in a nursing home. The children are open to the idea of selling the house, but not really motivated. As far as i know, none of them have enduring power of attorney. I would be open to all solutions i.e. renting with the option to buy etc. Please advice how to best proceed. If I buy it, it will be my primary residence.
Thanks for the help.