In my opinion, an assumable loan at 5.25% will be a valuable commodity during the term of this loan.I don't know if this type of situation is available for you on your property. good luck.

Check with others in your permits location for their opinions.

Originally posted by Rick Harmon:So, using your approach, to create a target list either:1) match obits to owners and contact the relatives, or2) research court records of open estates containing real estateAre either of the methods you mentioned above better than the other in your opinion?

I wanted to get the opinions of the experts.An established builder in the area has built single family homes and town homes in a new neighborhood.

Get a legal opinion and try to pin the risk to an attorney?

What is your opinion on this deal?

In my opinion the only thing that would come out of this is you paying additional taxes.

I would like to know what market your in that might change my opinion a little bit but usually I just tell people the money must migrate to where returns are better or you will be sorry in the long run.

In my opinion, in competitive investor market (like ours), the simpler the better.

If you spreadsheet it the finance rate is often more important than the purchase price in my opinion.