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Updated about 7 years ago on . Most recent reply

User Stats

709
Posts
742
Votes
Matthew McNeil
  • Rental Property Investor
  • Boise/Portland
742
Votes |
709
Posts

Renter begged me to sell the house to him. Leverage opportunity?

Matthew McNeil
  • Rental Property Investor
  • Boise/Portland
Posted

I was taken aback recently when the tenant (1 year) asked me to seriously consider selling my house to him using an owner carry contract. 

I understand the pros and cons regarding such.  

However, my question is simply this; would BP members consider this as a way to “leverage” the asset to get cash (tenant/buyer’s down payment) for another property investment?  

Please feel free to tell me I’m crazy to even consider such an idea.  

Favorite new saying; "Mistakes are our best mentors, but soliciting other BP member's advice beats making stupid mistakes." 

Thanks!

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