Updated over 4 years ago on .
Market for High End Rentals?
Hello - I wanted to ask BP nation if there is a market for high end rentals for the passive investor? The scenario is 'Homeowner A' purchased their house 4 years ago and seen significant appreciation. The plan was never to stay in this home long-term, but they don't want to move and buy a new house. They want to sell their house to use the equity for other investment opportunities. They want to sell their house to a passive investor and immediately write a lease on the house to continue living there, which they've agreed to pay 12 months up front. $500,000 house (slightly below market) to sell and immediately get $40,000 back on 12 months rent. Is this attractive or not attractive for the investor?