Quote:
Originally Posted by Zeke
@rennsport, you don't seem to know the market here. It's very hard to buy a fixer anymore. And I know look's MO. He likes to work within a few miles of his shop. That's understandable given L.A.'s traffic. So, he doesn't pursue deals in the valleys or down at the beach.
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completely right, I was talking in more of a very generalized thing...but what you're saying makes sense. Opposite side of the country from me, so I've never looked beyond casually at investment properties in CA.
If its what you guys do for a living, then absolutely, makes a ton of sense. I can't speak to the arms length side of things, as there are still some details missing to make that determination. But the questions I posted would be a really good place to start on your own tomorrow morning. This way you can find out what Town Hall shows, and how that jives with what the uncle has told you. Then see what court records are available to you and have your attorney go through them thoroughly. Is the uncle represented by counsel yet?
As an aside, and if you answered this already I apologize. If you've done business with the uncle, he knows you, you know him. You're not getting a mortgate, so you're paying cash. Why is it going through a listing agent in the first place? Was that something the court decided?