Property Overview:
Type: Tenant Occupied Single Family Home Long Term Rental
Seller Situation: The owner wanted to retire her position as landlord but continue the benefits of earning income from having a rental property. We worked out a seller finance purchase wherein we decided to take over the property and continue to make monthly payments to the previous owner. She was now earning income without all the hassle and benefits of being a landlord.
Condition: The property was not quite rent ready but not a complete tear down. It was being lived in and needed cosmetic exterior and repairs.
Sale Details: Seller Financed For 30 Years.
Additional Information: The videos provides a glimpse of the property at the time of purchase and how our home inspection process works when we visited the property to make an offer.
How We Helped: Faced with the desire to retire from property management while still earning rental income, the owner reached out to us for a solution. We crafted a seller finance agreement that allowed us to take over the property and make regular monthly payments to her. This arrangement relieved her of the day-to-day hassles of being a landlord while ensuring a steady income stream. We handled all aspects of the property management, including maintenance and tenant relations, ensuring a smooth transition. By taking over the property under this seller-financed deal, we provided her with the financial benefits she wanted without the associated responsibilities. This was their second property they seller financed to us and hopefully not the last!