Posted by Valerie on December 11, 1998 at 11:11:28:
Like many of the older generation, the issue for the owner is that he is 80 and doesn’t want to be a “bank”. He thinks that he won’t live long enough to see the payoff and wants his money now. There is no balance owed on the property. Plus he’ll need the money to buy another place to live. Zoning is not an issue since the property is outside the city limits, which also covers the mobile home issue. The mobiles are currently rented to people who have rented them for years and want to stay. We have so little rental property in our area that I know this property would rent quickly. I would really appreciate any advice on how to proceed so that I can buy this property - the owner is anxious but not very flexible.