Just had to pay a large chunk for buying a property that had it's taxes frozen from the previous owners being elderly ... and having the tax assessed value jump $75,000 when I purchased.

The investor will offer the following:Cash transaction;A quick sale closing with no inspection; andYou can leave behind any items you don’t want.The problems begin when the homeowner is elderly, alone, and doesn’t know the true market value of their property:They may have purchased their property over 20 years ago for $50,000, $100,000, or maybe $200,000.That same property now could have a market value of $300,000, $400,000 or even $500,000.The idea that they purchased the property 20 years ago for $120,000 and are now being offered $220,000 sounds appealing to these homeowners – their mortgage might be paid off and they will make $100,000 – sounds good right?

When you consider that many of those properties are owned by elderly people who have not updated them for 30 or 40 years, you are looking at a situation where you'll have to pay tens of thousands of dollars more to purchase and upgrade the property than it is ever worth. 

The only experience I have is with my elderly mother's multi-unit property that she and my late father purchased over 30 years ago.  

We found out when a neighbor reported the heavy traffic.Another tenant was an elderly woman that moved in her 45-year-old son.

The buying opportunity arises as the seller is an elderly man, no joke, 100 years old who looking to unload them to pay for living expenses. 

The investor will offer the following:Cash transaction;A quick sale closing with no inspection; andYou can leave behind any items you don’t want.The problems begin when the homeowner is elderly, alone, and doesn’t know the true market value of their property:They may have purchased their property over 20 years ago for $50,000, $100,000, or maybe $200,000.That same property now could have a market value of $300,000, $400,000 or even $500,000.The idea that they purchased the property 20 years ago for $120,000 and are now being offered $220,000 sounds appealing to these homeowners – their mortgage might be paid off and they will make $100,000 – sounds good right?

The investment property is a move in ready single family home and will rent right away in addition the home is valued at $140k, home owners are elderly who are moving down south.

She is elderly, and she is looking to retire in the near future.

I have an elderly ill father with two mentally handicap brothers in the state of Florida.