Love Letters. Real Estate

[TheMan419]

But why does the father feel obligated have to leave his possessions to his children?

Dad works his arse off doing something that he loved, made some money doing it if he was lucky. Then dad leaves the land to the kids and they sell it because it could be worth a fortune.

One of my boys even asked if he could have some land of ours. We both told him when we retire or getting close to that age, everything is going to be sold becuase we're leaving.

God forbid kids actually work for what they buy themselves.

Nothing says that the father has to leave anything to his children. I never said he did. However I would think most parents would want to leave their children better off.... and in a vocation they liked and wanted to pursue.

My parents are using their accumulated wealth to make sure their grandchildren do not have any college debt, should the grandchildren decide they want to go to college. They will have plently left over to live a comforable retirment, and leave a nice sum to each of their chidren should they so choose.

Thankfully none of us children will need it. We are all hard workers and successful in our own rights.

However none of us felt the need to follow in dad's foot steps of his chosen work field.

 

[Whidbey]

Nothing says that the father has to leave anything to his children. I never said he did. However I would think most parents would want to leave their children better off.... and in a vocation they liked and wanted to pursue.

My parents are using their accumulated wealth to make sure their grandchildren do not have any college debt, should the grandchildren decide they want to go to college. They will have plently left over to live a comforable retirment, and leave a nice sum to each of their chidren should they so choose.

Thankfully none of us children will need it. We are all hard workers and successful in our own rights.

However none of us felt the need to follow in dad's foot steps of his chosen work field.

I received an inheritance from my parents when I was in my early forties. By that time I had finished my education, owned a home and had a secure job with benefits. When I was younger I had some tough times. My opinion is that moderate financial support while the children are finishing their education is way better than leaving them a chunk of money at your death.

 

[dodge man]

First I heard of this, I guess nobody wants my house.

 

[TheMan419]

I received an inheritance from my parents when I was in my early forties. By that time I had finished my education, owned a home and had a secure job with benefits. When I was younger I had some tough times. My opinion is that moderate financial support while the children are finishing their education is way better than leaving them a chunk of money at your death.

I totally agree. I had support from my parents through school. It allowed me, when I graduated, to take a job I really wanted to do rather than one that would provide immediate financial security. I think I am better person and better in my industry (some 25 years later) as a result. I am happy to see my nieces and nephews will have the same opportunity (my wife and I have no children).

On the other hand I am also glad no one expects me to go into the same profession as my father. While he was very very good at what he did, it does not hold any interest for me.

 

[Sigarms]

First I heard of this, I guess nobody wants my house.

Per the topic of the thread, "love letters" are only sent when your house is on the market. "Love letters" are not general solicitation letters sent out to buy your propery not on the market.

Just found a letter this morning from Jacob Reed, per Dash Holdiongs LLC from Greenville SC this morning and he found my land while searching through public records at our county office.

He would like to buy 30 acres of my land for $62,000. With an offer like that, it's hard to say no.

 

[fried1765]

Per the topic of the thread, "love letters" are only sent when your house is on the market. "Love letters" are not general solicitation letters sent out to buy your propery not on the market.

Just found a letter this morning from Jacob Reed, per Dash Holdiongs LLC from Greenville SC this morning and he found my land while searching through public records at our county office.

He would like to buy 30 acres of my land for $62,000. With an offer like that, it's hard to say no.

$2,000 per acre would be about $398,000 per acre too light where I live!

 

[Sigarms]

$2,000 per acre would be about $398,000 per acre too light where I live!

If I remember correctly, back around 2004, we paid about $3,500 a acre, and even then, we struggled as husband and wife to decide if we wanted to buy the extra land that came with the house when we bought it.

If we paid $3,500 an acre back then, for 30 acres selling the total land that this company would buy at $62K, we would take a loss for what we paid for the land.

I did call the guy back and left him a message to ask why we would want to take a loss on the land 17 years later.

I'm actually curious if this guy will call me back and explain his line of reasoning for his offer.

EDIT - The guy actually did give me a call back (nice guy, but what else would you expect). At the end of the day, will probably sell locally when we finally decide to sell.

 

[Sigarms]

Ironically enough, the offers keep coming in!

This company however is Veteran owned and operated, makes me feel so much more patriotic by taking them up on their gracious offer of 22k for 18 acres.

The irony is I never got these letters until this subject started on the forum.

I called an left a message. I want to thank the owner for such a gracious offer.

 

[grsthegreat]

Ya, I wonder why they waste the stamps.

 

[MoKelly]

Ya, I wonder why they waste the stamps.

Mine were all put into the mailbox directly - no stamp.

MoKelly