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Vacant Home

Date: 09/10/2007 / Category: Business Strategies , Current Grade ?

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Hi all,

I have a brief question and wonder how you all would go about this situation. Here goes:

There is a house across the street from me that stays vacant all year long. The owner goes and stays out of town with his son and checks in on the house about twice a year. I wan't the house. I wan't to approach/call him about buying the house because I think I can rent it out. I'm sure he doesn't have a mortgage on the property. Any creative ideas on how to convince him to sell with NO money... continue reading >>

My First Deals..I think..HELP!

Date: 09/03/2007 / Category: Need Advice , Current Grade B+

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Hello All. So I need as much advice as I can possibly get.

Here is the deal.

My wife has a friend whose husband recently passed away. Her husband had 3 rental properties. 2 of the homes are paid for and have renters. 1 has a mortgage on it with tenants. She informed us that she's willing to take a loss on the properties because she really wants to get rid of them. Being a landlord is a pain and she just need a clean start. She's not in need of the cash so she's agreed... continue reading >>

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