i did it! I negotiated my first house and the seller accepted. i went to the registrar of deeds today and pulled the title to 3 properties this morning. my 3 title showed no liens, or current mortgages, but it didnt show the person as deceased. so i knew from my previous post “dead mans house”, that i needed to find the next of kin. well lo and behold, i rode down the street and the house was open so i knocked. the man came to the door. we talked for a minute and i told him i was interested in purchasing his dad’s home and i offered him $ 10K. he accepted so fast, i was dumbfounded. we still have a few more steps: go to probate office and switch title over to him, have house inspected/appraised, and sign the purchase agreement here are the details to the deal:
House- 4bd 1ba
Current value= 30K
ARV= 75K.
Repair cost=?