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Updated almost 15 years ago, 02/09/2010
Deal in the making?
Hello all!
My name is Nik Smith and I’m a new poster to this website, but long time lurker. I feel it’s about time to take some action with my investing career! So I know of an extremely motivated out of state seller, who I know wouldn’t mind getting rid of the house for cheap. Her brother passed away in the home, and she’s the only family he’s got. Now the house isn’t in bad shape, it’s actually in very nice shape. My question to you guys is, what can I do in this deal? I’m unsure on much info about the property, but the sister would like NOTHING to do with the home. She even offered a neighbor the rolls royce in the garage for free! I think she would have no problem assigning the contract to me, given that I’d find a buyer and get this house out from under her. I’m unsure about what’s owed on the house and the details, just wondering if this sounds like a potential wholesale deal to you guys? I know the numbers really come into play, I’d go about contacting the woman, but I might be stepping on some toes in the process. But hey, if it’s a great deal in the makings, I can always go for it right? No shame in that. Maybe even a sub2 deal? Any advice on how to go about getting the information, or what deal would be appropriate to the structure of the situation would be great.
Thanks an advance guys, can’t tell you how much I enjoy reading this website, and how important this site is to me.