The Proper Approach

[Richard Harris]

Hello all. My neighbor is moving out of her house so that she can move in with her husband. They have been married for a while and have been maintaining two homes. They decided to let the one in my neighborhood go. They have not decided on if they should sale it or rent it out. They have been doing some minor fix up to the inside for a couple of months now. How do I approach her to inquire about possibly buying her home? Also, what should I look for to ensure that this is a property that I can work with (either buy and hold, buy and flip, or wholesale)? Thanks.

[Gary M.]

First thing is to determine what kind of deal/deals you are prepared to see through. There are a lot of articles and forum discussions here that will help you determine what type of investing you are ready for. Hopefully you have colleagues in your area to go to as well. After that, you should approach them like you would any other seller. Get the details of their situation and property, find out what they want accomplished. Calculate the numbers to determine what kind of deal is possible.