Prices are starting to come off all time highs, mortgage financing is much more difficult to get. Supply is starting to moderate. Seems like opportunities are on the way!
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I think you made a good purchase. Most people that I rent too like the end units. Maybe you could buy more units in this development? Then you'll have a variety of choices
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Neill, I don't understand? If the appraisal came in $30000 below thier option price, wouldn't the tenant buyer have more than enough to close? & wouldn't you be at risk of having to refund some of thier option money?
I am close to signing up my first Tenant Buyer, they are concerned about what happens if the value isn't there in 36 months. This came across from the tenant buyer as an objection to putting down 5% option money on the option agreement.
So what happens if the value isn't higher than when I...
Thanks for you insight Sherilynn. I'll persevere through this learning block. I have posted the "Straight Rental," under the Joint Venture sections, and my other outlets of social media. If I get a J.V. partner, I will do it. But I will keep advertising for the Tenant First Strategy as well...
Hi Sherilynn, Thanks for replying! I don't have an active offer on anything. Back in January I placed my Tenant First R.T.O. when I started the Rapid Cash Training. I didn't receive any Qualified Tenant buyer responses. Just a few tire kickers, and some local realtors whom were trying to figure...
So I am trying to attract a "Rent to Own," Tenant and I got close. This nice young couple want to "Rent" from me. They both have income, but he just got laid off and decided to use his skills to become self-employed. They looked at the new Townhouses and they definitely want to "Rent" it! The...