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Old 09-04-2004, 07:02 AM  
notjoe
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Join Date: May 2002
Location: Toronto, Canada
Posts: 5,599
Quote:
Originally posted by DrinkingHard
My next door neighbour at one of my rental properties has been having issues maintaining his rental property (5 unit apartment building). He lives in the city and is a 70 year old dude.

So I called him out of the blue and said hello and asked him if he ever decided to sell would he mind calling me and asking me first.

Sure as shit he called me 3 weeks later and said sure I'm interested in selling as he lives in the city and this building is a pain in the ass for him to come up and maintain. After a few minutes talking to him we even got him convinced on giving us financing to buy this property from him with no money down.

Ahhhh just goes to show even though something isn't on the market it doesn't mean it's not for sale. Hopefully after the walk thru today we will put together an offer and have this bad boy all wrapped up by this week

I'll let you guys know how things work out!

DH
Congrats, hopefully everything will come through but just make sure you get a really good inspector to check that building out before you jump in...I've heard some bad stories about lazy inspectors costing people lots of money
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