I’ve built strong relationships with agents, contractors, and other investors in the area, and one of my contacts informed me that the owner was considering selling but hadn’t listed the property yet.

For RE owners, death allows you to pass assets to your heirs and step up in basis, effectively eliminating recapture.

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

He kept cash and investments on the side should he decide to get back in, 5 years from now when they come back.  

Hard money is a type of business loan for non-owner occupying investors.

I decided to stay local with my investing for now and focus on condos/townhomes or live in flips.

See who represents owners frequently in your jurisdiction and get set up with them.

I also still use it as an owner.

Here’s what’s happening, seems like a subto student picked up a sfh for 4K and is paying the owners mortgage.he then decided he would not continue to do so, and listed it as “take over payments” on Craigslist, for 17k.

Something a couple of my beginner investors like to do is live in the property for a year or two then move into the next one and rent out the first one.Most important thing you can do is research the different niches within real estate investing and decide what fits best for you.