The catch is that the lot that is worth 300k is a river lot that my parents own.

Sometimes parents, especially if they are old fashioned, have that same old-fashioned mentality.

The roof had been patched by my parents many times.

I would greatly appreciate any advice you pros can offer (I understand it's not legal advice.)Here's the situation: my wife and I are putting 50% down and my parents are putting 50% down on a $500k property.

On the other side of that, my parents live only 10 minutes away from our house and I believe they would have no problems serving as a liason so to speak for us and also looking after the property.So after all of that I have a couple of questions.

The buyers were husband and wife.The note was eventually paid in full around 1990, but the final document was never filed.The original owner (holder of the note) has now been dead for over 15 years.That's not all.The husband and wife (my wife's friend's parents) got a divorce 30+ years ago.The now ex-husband, who remarried, is now deceased as well.The recorded title still reads original owner, new owners (wife and dead ex-husband, as still husband and wife).The asking price is less than half the assessed value.I'm sure I can pay even less.Current owner will take back 100%.She is now in her 80s and wants out.Title company has done a prelim search, only the original agreement to purchase is recorded.The original contract may be lost.The divorce agreement does not mention the cabin at all.Title insurance will not insure without seeing the original purchase contract and getting signatures from heirs and ex family.My wife and I are willing to take the risk for the right price.Any comments or suggestions would be welcomed.Thank you.

I'm in my early 30's, and my parents generation did very very well.

We manage 3 properties where parents purchased properties for their kids to live in while they were in college and one of those has already converted to another tenant for the owner.

Acquisition was $600k, rehab was $210k, and it is listed for $1.35M, I expect to get $1.25M which is the 64%.Regarding using your own cash, that certainly helps with holding costs, but the higher you go above 70%, the lower your cash on cash will be.

My parents and sister-in-law were visiting today, so I didn't have much time to spare.Get 100 additional probate leads - FAILED.