VERY OLD sellers...good or bad?
Hello BP,
I'm new to the site, and as a matter of fact this will be my introductory post!
I'm very interested in RE, and wanted to start out by buying a duplex, so I could live in half and rent out the other. I'm currently under contract for a duplex at 175k, where the sellers have owned the home for a very long time, and are acutally selling the place for assisted living expenses. These people are 92! I guess I see this as an opportunity to do some repairs, and increase the rent amount. Maybe these people are just tired land lords, but I do know this was really the only rental they owned. I was just wondering if anyone on BP has had a similar experience with VERY OLD sellers, and what the outcome was?
thanks BP!