All Forum Posts by: Jay King

I'm looking to purchase an off-market home in my neighborhood and ran into a hurdle that I might not be able to overcome...For context my elderly neighbor who I've been friends with for the last couple of years recently passed away. His sister is the executor of his will and is staying at his home to fulfill all of the end of life obligations that he has. We discussed me purchasing the home and had verbally agreed to sell the house to me. I know that a verbal agreement doesn’t mean much so I was looking to get her into a purchase contract.

The sister visited her brother's lawyer to discuss the responsibilities of being executor of the will and what needs to be done in order to sell the house. She found out from her brother’s lawyer that he has put the house into a trust and that the decision of what happens to the house is up to the trustees. If that is the case, does the executor of the will, in this case his sister have any influence on whom the trustees sell the house too? Is there anything I can do to ideally get them to not list the house and sell to me, I’m assuming there might not be many options, especially since the sister and I had agreed on a price that was below market value given I was planning to invest money to remodel the home and was planning to honor his wishes of not having the home knocked down to make a townhome or new home. I think it's a long shot, but looking for any possible ideas...

So I get investors reaching out to me everyday and it goes like this:

"Hi, I know you offer turnkey properties and property management and am interested in the Toledo market, I don't want to buy turnkey but was hoping you could help me find a deal.

Also, do you have any contractor and lender referrals?

I'd also love to work with your property management company"

Diplomacy left me a long time ago so how would you guys reply?

Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...

Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one hehe

I guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way haha

How about those analogies above... lol

Have a great weekend guys and much success with your investing 🙏

How do you know if that property will ever become valuable or stay at pennies level(where you bought it) indefinitely?  Would that be investing or more like gambling?  Do you have such ag investment? If so how do you choose your property?

 Yes I am. My husband and i are investors and we also own a real estate firm that specializes in helping out of state and out of country investors for buy and holds, brrrs, and flips.