Newbie needs help with 1st Deal
Hello! My name is Melissa and I live in the Fingerlakes of CNY. I've been interested in RE for a long time and would like to get started investing. I have found a house that is abandoned in my town that could be a deal, maybe. In my sleuthing I found out who owns the property, she is a 90 yr old woman who lives in another town nearby. She is the only name on the tax records, it looks like she has owned it for a very long time. She has paid her property taxes on time, except in the last year, she was late on the payments.
I would like to mail her a yellow letter. Here is my question, what if she calls me? Then I am not sure of the process....do I use my RE broker? Do I offer a cash deal (with the help of title company and attorney) w/o a broker? What is the process?
The house needs a lot of work, but I am not sure how much. I'd like to get inside to see it. How do I go about this?