All Forum Posts by: Account Closed

Was this house listed with a realtor?

There are also a lot of gurus on here posing as regular investors that speak of their system and their deals where they have made a killing. If you dig a bit deeper you will find that they are selling their books or systems or seminars.

Find the property owner and contact them directly. This could be a long expired listing and the realtor just left the sign up hoping someone would call them.

sounds like the best thing for the op is to sell her rental immediately even if sold 10% below market then taking the money and start shorting stocks.

Just a thought on the concept of debt and peace of mind and security. In some ways we never fully own something. A house without a mortgage still carries debt. (Taxes,maintenance, insurance) if you don't pay your taxes then the government takes the house you "own". The concept of peace of mind through being debt free (especially involving real estate) is depression era thinking. Several years ago I was watching a tv show that was produced by a financial advisor named Ric Edelman. The subject was debt and particularly mortgage debt. He presented one argument that a person wanted their house paid off in case something happened like they lost their job and couldn't make their payments. They viewed their paid off house as a security net. Their argument was that in case something happened like a job loss or other catastrophic event, they could borrow on the equity of their paid off house. Edelman countered with the argument that they couldn't get a loan with no income. The guy that had gotten a mortgage instead of spending cash for his house, still had his cash and hopefully it was invested in an area that was paying a higher rate than the mortgage interest. In short, he was diversified. All his eggs weren't in one basket. So now the guy with the paid off house can't buy groceries, pay utilities to property tax? Will he now start eating Sheetrock and 2x4s? The guy with the mortgage may also not have a job but right now he has options and some time to make a new plan. That one show changed my financial outlook and made my like much LESS stressful.

Isn't the disposition of the estate up to the executor?  Michael, perhaps you need to contact the niece in order to get the listing.

I am turned off when I see a roll of toilet paper in a pic. I start thinking that they might have been using that on their backside after doing THAT! I don't even want to think that a house I am considering buying that had people in there doing THAT! Don't these people have enough decency to go down to the convenience market on the corner? :-0  

If I was the former tenants I would be mad as hell. YOU have been paid! For your peace of mind and integrity, pay your former tenants, wish them well and move on with life!

@Aaron Smith is that for an investment property?

@Rob Golub usually in these type of situations where the owner carries the note, either the property or the buyer doesn't qualify for bank financing. Buyers unable to get financing will gladly overpay for a property in order to be able to get it on payments. In an example of a property sold on a note for 100k, the same sale to a cash or other than owner financed buyer would probably only bring 90k. So in this scenario you can sell for less than note face value