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Updated almost 12 years ago on . Most recent reply

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Jim Tedder
  • Winston Salem, NC
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9
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Advice on possible 1st deal investigation

Jim Tedder
  • Winston Salem, NC
Posted

Newbie question for getting started on a potential 1st deal. I've been aware of a particular property in my neighborhood for a number of years because I was acquainted with the older couple who lived there. The husband died around 7 years ago and I've watched his Mercedes deteriorate in the back yard with no tag ever since. I just discovered now that his wife passed in November and the property is currently in the name of the heirs with an out of state address. The house is not on the market, however, the yard is getting to be a mess and the house obviously needs some work, like a new roof. I'd like to look into the availability of this property and see if there's an interest in selling. If so, I'd like to find a creative financing technique to acquire it. I'm wondering what would be the best way to approach the owners. Phone call (if I can find a number), postcard, yellow letter...? Again, I've never approached an owner or made an offer so remember, I'm real green here.

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