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We Found a Missing Heir & Made $14K on This House! We made a $14,312.56 net profit on a burned, abandoned house in High Shoals, North Carolina! This real estate investing deal started with a tax-delinquent property, a complicated inheritance, and a missing heir. Property Project: 229 N Lincoln St, High Shoals, NC 28077 How we found the deal; County tax delinquent list. Property was years behind on taxes. No one had paid since the owner died. We contacted her son, who was actually her grandson, whom she adopted and his father, with the same name, who was also his brother since he had been adopted. It gets better. There was a grandson who no one had seen in 2 years with a lengthy criminal history and a serious drug habit. We couldn’t get clear title without him! We agreed to pay the 2 heirs we had $500 each and an additional $5,000 if we could locate the missing heir and get him to sign. The hunt began. We used Benn Verified to skip trace him and found several numbers. Finally one had a voice mail with his name. I called I left messages I texted Over and over and over again for 3 weeks. NO RESPONSE! One evening at 10:36, I called again. Voicemail. So I sent a text, “Urgent, call me back, the city is about to tear down your house!” The response I got was priceless: “Who is this?” What? After ALL the messages, texts and attempts to get this guy to call me. Well, he did call and we were on the road 2 hours away to meet him to sign the deed and hand him the money. We paid him $2500 and got his signature notarized. He had cleaned himself up, had a great job, a girlfriend and drug free. Overnighted the deed to the attorney, who recorded the deed the same day. The numbers: Purchase price $8,500 Closing costs $3200 Clean out and boarding up the house $1200 Back taxes $2400 Code enforcement fines $2265 How we sold the deal: One Facebook post on marketplace. We sold the property to a local investor looking for a flip and had a net profit of $14,312.56. No private funding on this one, we paid for everything out of pocket. I think a lot of people passed this deal over because of the condition and the missing heir. We took a chance. If we couldn’t find him, we would have been out about $4,000. We kept at it and made over $14,000. We at foundations real estate academy want to teach you how to do these deals too. #realestateinvesting #distressedproperty #realestatewholesaling #offmarketdeals #realestateeducation

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