All Forum Posts by: Greta Andrews

Well that is interesting. I doubt any of them could buy the other out. I want to buy it. I'm not an owner.

I have a potential sellers who's in a tricky situation. I would like buy the home and have this be a win-win for him. I need an excellent attorney because it's hairy. Any suggestions?

Location: Pinellas Park, Florida. So I found a motivated seller. So I know a guy whose mother passed away a few years ago. He's 2 years behind on the taxes. He has inherited roughly 80 percent of the property from his mother, but never officially had his name added on for home ownership. His roommate and co-owner is trying to evict him. She is listed as an owner. She's also sued him a couple times for frivolous things and won. And is currently threatening eviction from his childhood home. He wants out because he is TIRED. He reached out to me, because I'm a real estate agent. But the investor in me feels like I can get a deal and create a win-win for everyone involved. But where to begin? The taxes won't cause an auction for another year. The pain point is living together and being behind on taxes. The unknowns, I have no clue if the other party would sell or if he can make her.  I have no idea how distressed the property is. I'm feeling like I need an attorney to help me navigate. I have no idea what purchasing in a situation like this would look like, but I'm excited to learn.

The roof has a slight pitch, it's considered a flat roof.

Quote from @Ken M.:

Quote from @Greta Andrews:

How do I know if a wall is load-bearing or not

 The general idea is that a load bearing wall runs perpendicular to the trusses it supports, but, it's a whole lot better to have a contractor look at your situation before you do any demo work. 

In the photo, the load bearing wall runs from left to right.

 Thank you. Unfortunately, I really have no visible way of checking this. The buildng has no attic. We've had ceiling fans installed. I wish I knew to look when it was open.

 Unfortunately I have neither an attic or raised foundation. Thanks for the suggestion though.

How do I know if a wall is load-bearing or not

 This sounds like a great idea.

 Thank you for your reply. That's the conclusion I came to.

 I'm referring to business acquisitions vs buying real estate.