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This rule in many areas is how real estate developers acquire lots of land cheaply that has been in a particular family for generations. They find a family wher
by samtho 3y ago
This rule in many areas is how real estate developers acquire lots of land cheaply that has been in a particular family for generations. They find a family where the previous owner has passed and thus the ownership defaults to then next kin.
They approach one next of kin who doesn’t know they even inherited it, buy out their slice, and require the remaining members to buy them out, forcing them to sell it… likely to the same investor.