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General Landlording & Rental Properties

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Shane Waller
  • Real Estate Investor
  • Nashville, NC
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37
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Sell or keep?

Shane Waller
  • Real Estate Investor
  • Nashville, NC
Posted Jan 11 2016, 14:08
I have renters in a house that I have had in there for about three years. They are interested in buying the house but cannot go to the bank to the bank so they ask would I take a down payment and take on the loan for them. The home is a 2000 Doublewide which is in pretty good shape about 40,000 on it do you think it would be feasible for me to do something like this I get 650 per month right now. Mortgage on it I only make about $200 a month that's after taxes and insurance.thanks for your comments. They are looking to get a cheaper payment. Maybe lower payment Down to 550. I still owe 15 more years.

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