All Forum Posts by: Vince Smith

Hello BiggerPockets community,

I’m a licensed real estate broker in Georgia exploring a sale-leaseback for my personal home in Stone Mountain (ZIP 30087).

This spacious 5-bedroom, 3-bathroom home, built in 1998, spans 3,300 sq ft and features a full unfinished basement with excellent potential for future rental income or customization.

Situated on a 0.23-acre lot, 10 minutes from Stone Mountain Park, the home has a 2-car garage and a roof only 2–3 years old, ensuring low maintenance. We’re currently living in the home and starting renovations, including LVP flooring, new carpet, full interior paint, fully renovated bathrooms with new fixtures and flooring, and a kitchen upgrade with new countertops and cabinet door fronts, to support a target sale price of $410,000, in line with recent comps ($380K–$450K) for similar homes in the area.

We’re building a new home and plan to sell at market value before construction begins, leasing back for 8–12 months with us as guaranteed tenants until the new home is complete.

The property is not currently listed as we explore options, but it will hit the market in July 2025. I’m offering investors an early, off-market opportunity to discuss this creative deal in a desirable Stone Mountain location.

I’m open to discussing pricing, leaseback terms, and other options to find a mutually beneficial arrangement. If you’re interested in this deal, please DM me to connect!

Thanks for your interest!

Thanks Chris. Selling and then renting something else was my first thought. The sell and lease back would save me from moving twice. My back hurts just thinking about it :-).

I do anticipate some downward movement in the market, but hopefully rates come down a bit so that demand goes up. I think it could pencil out for a cash buyer if planning to hold it for a bit.

Thanks again for the reply.

Hey BiggerPockets community 👋

I’m exploring a sale-leaseback strategy for my personal home in the Stone Mountain, GA area (zip code 30087) and would love your insights. My family is building a new home, and we’re considering selling our current home with a 12-month leaseback to stay while construction finishes. This is not a formal offer or listing—just a discussion to see if this structure makes sense for investors and what I should consider.

The home is a 5-bedroom, 3-bathroom single-family residence with a full unfinished basement, currently undergoing renovations. We’re targeting a sale price around $425K, and I estimate it could rent for $2,300/month during the leaseback, based on local comps. This suggests a cap rate of roughly 5.4% (assuming no operating expenses for simplicity). I’m a licensed real estate broker in Georgia, so I’m approaching this as both owner and professional, but this is purely exploratory.

Has anyone done a sale-leaseback as an investor or seller? What are the pros and cons? Would a 12-month leaseback appeal to investors in a market like Stone Mountain? Are there pitfalls I should watch for? I’d also love thoughts on the numbers—does a $425K purchase with $2,300/month rent seem viable for an investor? All feedback welcome in the comments!

Thanks for your input!
—Vince

Jacob, do you lend on owner/builder builds, or will it require a licensed builder?

Thanks