They said to pay the back taxes on the property do the repairs and if no one comes to claim the property within 10 yrs. you would somehow gain vested rights somewhat like squatters rights from long ago.

I live in brooklyn ny as of now and it to was a bit ruff 10 yrs ago, but now it's a gold mine.

I am 31 yrs old, and reside in S.

They politely declined that offer and we parted ways.After looking into this further today, I think I can put together a sub-to and owner financing with the exit strategy of putting in a lease option tenant to cash out.Here is what I know and what I am thinking about putting together.Please advise.Today’s ARV:79,0003BR 1Ba ~1000 sqft.Currently getting $775/month with spotty paying tenant (late and has been behind) Rentometer shows Average Rent $830From land records research I estimated that the seller put 13,900 down and financed 55,600 for 30 yrs. when they bought the house in July 2004.

If I went with 20yr these figures would be much better but at 38 yrs old and wanting to have it as a retirement I'm not sure I should go above a 15 yr loan.

This thread is 7 yrs old, has anything changed is TX real estate law with regards to lease purchase agreements?

. $115,000 seller financing over 30 yrs at 7% int. balloon payment at 10yrs.

No electrical, and most of the windows need replaced; house is about 100 yrs old.

Couple will be 3 yrs out before able to get mortgage.

In one case an attorney involved in an active lawsuit could not get the release of the Death Certificate from the state.And in this case since 15 yrs has elapses, and the Adverse Possession requirement is 5 years, it could be hard for the heirs to come back into the picture, and they might not want to be involved in a lawsuit.