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Updated about 2 years ago,
morals and ethics
Hello, friends
As investors and people of power , weather that is money or knowledge or both, I feel we own it to the people who have less not to take advantage them. I know this is how the world works in part and having the upper hand in these deal is what you want and is what builds wealth. However, kicking people out of their homes in a hard thing to deal with for me. I would not want to make a family that is trying to get buy put out on the streets, and you shouldn't either or you my friend are a D bag.
so in trying to avoid that , what are some options ?
we can use my current opportunity as a example.
I would be buying from a older vet, who is tired of dealing with the property.
nice location, 1/2 mile from a well established town 30 min from the the capital raleigh.
house going for 13k plus back taxes of 3k.
built in 1901 remodeled in 1945, 879 sqf 1 bed 1 bath.
needs total gut remodel and major system upgrade.
the issue is they have tenets in the house now, family of four, dad cant work bc of heart conditions. unsure of moms employment. landlord says they have been paying rent, but I have no hard records of that.
house is a fire hazard and has no hvac !
so, I need the tenets out to remodel if i even want this deal. the after vaule of the house I guess would be between 60-to 80 and rent for 600$
I also live ah hour from the house.
how can i get these guys out with out putting them on the streets.
thanks