Posted by Lee on December 31, 1998 at 24:08:59:
Check the probate records to see if the property has
been left to an heir, or charity or … then CONTACT
the administrator it may well be the state’s property.
Check to see if there are leins.
Look out for environmental problems they can mess up
Check (try to find out) what value the succession atty.
(if there is one) put on the property for estate tax
purposses, you may be able to pick it up for not much
more than that. Look out for DISapproval of a sale by
any one heir. (how’s that for the subject of a R/E
course) “Gettin The Heirs Out Of The Way” Ha Ha.
But FIRST, learn the value of the property…
then… ask yourself, do I want this property
(aka like a husband or wife for a mate)
(do I want it at THAT price)
Look at the deal from a distance, don’t get excited
(till you have made money on it). Profit going in!
By low Sell High… like Sam Walton
It’s just an investment veheicle.