Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Peter Doan
  • Alameda, CA
6
Votes |
12
Posts

Rent property with previous owner passed away in house

Peter Doan
  • Alameda, CA
Posted

Hi everybody,

I recently found a property listed below 15% of the market price. The house is listed for sales at 320K where as similar houses in the area are about 360k. The previous owner the house passed away peacefully in the house 4 month ago because of cancer. 

I wanted to buy the property, fix and rent it out. I have never purchased a property with previous owner died in a house before. 

Does anyone in this forum purchase house like this before. Based on your experience, should I buy the house? Would it be hard to rent out the property?  

I am thinking if I buy the house then I can put the rent price to be lower than the normal price but I am not sure if this will help.

Thank you very much for the help. I am looking for the advice.

Peter

Most Popular Reply

User Stats

1,055
Posts
731
Votes
Kenny Dahill
  • Investor
  • Tempe, AZ
731
Votes |
1,055
Posts
Kenny Dahill
  • Investor
  • Tempe, AZ
Replied

@Peter Doan, don't over think this.  Sadly, a lot of cancer patients die in their own homes.

Now if this was a break-in robbery and murder... different story.

Take the market value rent that you can get.  If you feel bad, make a donation to cancer research.

Loading replies...