Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

2
Posts
0
Votes
Marc Lucas
0
Votes |
2
Posts

Rookie Investor Stumbled on Probate Lead Need Advice

Marc Lucas
Posted

New investor attempting to use wholesaling tactics to find my first property to BRRRR for myself and I stumbled upon a probabte lead after cold calling an equity list. The potential seller isn't looking to sell her house but has another which she received from her father after his death earlier this year and says she cannot afford 2 mortgages.

The woman says 40k is owed on the property, ARV is between 140-180k. There is a tenant in the property who she says is being difficult.

Not 100% clear on this issue and will follow up for more clarity but there is a vehicle which is underwater about 4k that was somehow tied to the estate by the tenant. Im not sure if the car was loaned to her by the dad or if it was the tenants vehicle but the seller doesn’t have money to pay the bills and also thinks something isn’t adding up with this car.

In an attempt to assist the woman I gave her the contact info for the Baltimore Lawyer Referral Service (service available in every state where you pay ~$35 and can speak to an attorney in any field of law for 30 min and receive legal advice) so she can get legal advice and weigh her options and told her I can buy the property and close quickly on it and I mentioned regardless of the vehicle situation we can get her enough money to pay off the car and put money in her pocket easily.

She seems really happy I’m assisting her but I know nothing about tenant laws or probate laws or even how a car can be tied to an estate. I told her I’d call the lawyer service myself and seek some advice as well so we can tackle this problem together.

 Any advise is appreciated I want to solve this womans problem and get this property off her and for myself. Thanks!

Loading replies...