My Brothers Estate

[Hay Dude]

Eddie, I have not read all the posts in this thread, but would it be feasible to buy their land and save it for your kids to build their homes on? Or is it too far away or not a desirable property?

 

[tradosaurus]

Tyler, Tx (where Eddie lives) to Mabank, Tx ( where his brother lived) is about 55 miles.

 

[EddieWalker]

If I buy the land, and I'm going to try, it would be for a long term investment that I would sell in a decade or two. In it's current state, it's overgrown, neglected, trashed and just not very appealing. A few years of mowing, clearing and demolition would easily increase the value of the land considerably. It has good quality grass trying to grow through the weeds. Before he bought it, a guy was haying about half of it, so that's kind of the goal for the place.

 

[Hughman]

Maybe see if the fire department is interested in clearing the structure with a practice burn.

 

[Sigarms]

If I buy the land, and I'm going to try, it would be for a long term investment that I would sell in a decade or two.

If your parents inherit the land, common sense tells me you need to "buy it" from your parents.

Set up a Trust, have you listed as the executor, and make payment plans to your mother.

If your mom is like my mom when she (my mom) charged me rent to live with them, she'll put it to the side in savings without telling you.

That said, this is Monday morning QB'ing. This is where you need to talk to a good estate/trust lawyer to figure out what you and your mom want to accomplish and the best means legally to go about it.

 

[Sigarms]

4. The Canon gun safe may have a backup key. Push up on the keypad and if it pops off there should be a keyhole. It is a large old fashion looking key, about 6" long.

View attachment 765204

If you don't have a backup key, hire a locksmith.

For the cost of a locksmith to come out (less than $100 I would guess), they will get into that Cannon safe in less than 10 minutes I guarantee you. The "service call" you pay for the locksmith is worth the price of not destroying the safe to be used later as you wish (either use it yourself or sell it).

 

[MossRoad]

If you don't have a backup key, hire a locksmith.

For the cost of a locksmith to come out (less than $100 I would guess), they will get into that Cannon safe in less than 10 minutes I guarantee you. The "service call" you pay for the locksmith is worth the price of not destroying the safe to be used later as you wish (either use it yourself or sell it).

Yep. Back when I was in high school, a friend of mine was given a Valiant by his grandfather. He had the ignition key, but not the door/trunk/glove box key. We drove over to a locksmith's shop. An old locksmith. Like comedy skit old. We tell him the story, he says he'll take a look at it. We walk outside. He pulls a little pouch out of his suit coat jacket and opens it. There's about 10 pieces of spring steel wire in there in various shapes.... lock picks.

He takes one and puts it in the lock and puts some pressure on it with his thumb, takes another one and sticks it in and out of the lock in one smooth motion and POP!

My friend and I were more crowbar and hammer kind of guys.

Anyhow, it took him longer to select his lock picks than it did to open the lock, let alone walk out to the car.

He removed the lock from the trunk, took it apart, measured the pins, made my friend two new keys, and charged him maybe $5.

That was my introduction to a locksmith.

Well worth an inquiry.

 

[2manyrocks]

If your parents inherit the land, common sense tells me you need to "buy it" from your parents.

Another route if your parents aren't interested in the money from the sale, might be for them to disclaim their interest but they'd certainly need competent legal advice to make sure the disclaimed interest would pass to you and there would be the question whether your father still has enough mental capacity to legally sign the disclaimer. This is not something to do on your own. These are questions for an experienced estate attorney.

 

[Hay Dude]

If I buy the land, and I'm going to try, it would be for a long term investment that I would sell in a decade or two. In it's current state, it's overgrown, neglected, trashed and just not very appealing. A few years of mowing, clearing and demolition would easily increase the value of the land considerably. It has good quality grass trying to grow through the weeds. Before he bought it, a guy was haying about half of it, so that's kind of the goal for the place.

Is it in an area where RE values are generally growing or declining?
Also, I believe you said there was a shop? Maybe you can keep some equipment there to expand your business.
I gotta get you to throw away the tool belt and get into farming. Maybe some good comes out of all this sadness and stress you are dealing with.

 

[ning]

he house isn't livable and probably contributed to his health issues. Nobody can damage it any worse then it already is. I'm just going to knock it down.

sure would be a shame if transients went in it and squatted there during the winter, breaking down what little furniture was left and catching the place on fire...