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514
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Antonio Bodley
  • AL
29
Votes |
514
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Seller responded to my postcard.

Antonio Bodley
  • AL
Posted

I recently had a motivated seller respond to my postcard 2 days ago. It was an elderly gentleman saying he is interested in selling. The problem is he said he had or has a family living in the house that he is not sure moved out of the house. I took a trip out there to see the place in person rather than just trusting Google Maps. The place is in the poorest ghetto located on the most narrow street. The owner does not even know how much he wants for the house. Since he does not know if his relatives still lives in the house, I assume it may be difficult to see the inside of the house to fully evaluate what repairs needs to be done. He only said the roof is replaced like 2 years old. Should I pass or get it under contract IF I can find a buyer?

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Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
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Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Replied
Quote from @Antonio Bodley:

I recently had a motivated seller respond to my postcard 2 days ago. It was an elderly gentleman saying he is interested in selling. The problem is he said he had or has a family living in the house that he is not sure moved out of the house. I took a trip out there to see the place in person rather than just trusting Google Maps. The place is in the poorest ghetto located on the most narrow street. The owner does not even know how much he wants for the house. Since he does not know if his relatives still lives in the house, I assume it may be difficult to see the inside of the house to fully evaluate what repairs needs to be done. He only said the roof is replaced like 2 years old. Should I pass or get it under contract IF I can find a buyer?

I've owned in poor neighborhoods and I've owned in well to do neighborhoods and eveything in between. For me, poor neighborhoods caused the most problems. You might want to "take it over for the amount of taxes due", and then he would no longer have a headache. That is, if you don't mind taking over the headache.

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