While I was driving around town yesterday I noticed a house that seemed to be in pretty bad shape. I went back home, did my research, and found that the property belonged in a family trust. I was able to get the mailing address of the family and intend to send them a short letter to see if they would be possibly interested to sell. Please help provide any suggestions, thank you.
"Dear Mr & Mrs. ____,
I noticed a property you own on (blank) while I was driving around the neighborhood. The property seemed like it needed some major upgrades and I was hoping that I could take it off your hands. Please call me if you are interested to speak further at xxx-xxxx."
Hit the houses on the block and ask the neighbors if they know anything about the house, I'm thinking up buying it and bringing it up to the neighborhood standards. If it continues to deteriorate it won't help your property's value any that is for sure. Get hold of the trustee and ask what is the situation? What do the beneficiary's want to do with the property. Could be a death situation, a nursing home situation.
Thanks for your input Brian. I will be sending a letter to the trustee today, hopefully it all works out.
If there is anyone else with input it would be much appreciated, thank you.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.