Help!!! I have a off market condo in santa Clarita CA

[Jeremy Clendenin]

Hey guys I need help and appreciate everyone who has experience and can give advice

The owner of the condo passes away and was left to his brother "bob" bob hasn't done anything with the property my mother and bother in-law started cleaning the property out and found out he doesn't know what to do with the property might sell is what he said!

Property from my mother said it needs carpet/minor mold from leaking sink and everything is old and outdated minor rehab!

Had brother in-law call him And said I have the OK to call him I want to call him tomorrow afternoon How do I go about this I have 50-70k in bank

Property Value roughly 350k

My question is i need to call and talk to him how should the call go what questions should i ask Potentially wanting to owner finance the property until I can Pay in full after rehab and sell

[Anthony Cecena]

@Jeremy Clendenin

I would check and make sure there no outstanding liens on the property if there's an HOA You'll want to know that number or fee and if the HOA has a lien against the condo, Who knows maybe the previous owner didn't like the HOA so he never paid his dues ? You should probably find out if the property is owned free and clear is their remaining mortgage? All in all sounds like this can work out to your benefit. I think the play here is to try and get owner financing with a small down payment and let them know that you will be fixing up the property and updating it. This has to be a win-win for both of you , you have to be comfortable with the price and terms and he Has to be comfortable with it also. Keep in mind he just lost his brother so be sensitive to that and don't go in to this being greedy going in to this asking him how you can help him.

Best of Luck