Happy Holidays!
Context: One day while driving home, I noticed this house that appears to be vacant. The grass is dead, the weeds are high, the windows facing the street are all broken, the house needs a paint job, there is an old unused car sitting in the driveway, and I never see any working cars parked in the driveway or in front of the house. I went home and did a little research, the house is a 5 bedroom and 2 bath home. It is the largest house on the block but significantly undervalue (worth 97K) according to county records. The other homes (none that are comps but 3/2 in the neighborhood recently sold for 550-600K. I also found the owners on record are 100/82 it is also classified as separate property and I may have located the names of some children and from what I can tell most of them are local and live in apts. The also found out the house in quit claim deed and was most likely given to the owners via trust.
I plan on writing a note with my contact info and leaving it on the door and maybe talking to the neighbors, if possible. But should I maybe send a letter to the kids as well? I am not going to be able to finance this through the bank quite frankly I don't the capital to go the traditional route. I'm assuming the owners would probably give it to the next kin when they pass away but I want to acquire it before they get to that level, so do you think it would be worth it to involve the kids in the deal if I can get the kids/owners 15K (random # of course i'll see what's worth it) each?
I'm a newbie for investing and I tried to think of any possible scenario I could offer to them, so please let me know what you would do. FYI - I do not own a home
