My first lead,Need advice?....Seeking help

[Steven Lin]

Hey guys,

Just found a lead by using the driving for dollar method, and the situation is, the house is under probate, it will get out by may.

I am excited and nervous at the same time. How should i approach this and how should i make an offer?

This is a 2 family house, the purpose of investment will be buy and hold. The house need rehab work and i have no clue how much it will need.

What is the step i need to take?

Thanks in advance

[Rick H.]

So you discovered a duplex fixer that's currently subject to probate. 

The hard truth is that you might be the only one that's excited. The property disentangle care. 

It would seem to me the next step is to determine if you want to buy it and what you'd be willing to pay. To know that, you'd need to know what you could sell it for (or rent it to tenants) and roughly what  it would cost to make ready for each plan.

Then, you you need to know who can sell it to you. That would be the person in charge of the probate (executor, administrator or oersonal representative). Go to the courthouse, pull the file, contact them, determine if they even want to sell and if they do, make a very simple offer. 

I suggest you'd better keep thus really simple for now.