If the tenants aren’t paying market rent or if they aren’t paying enough to cover payments for an investor, it may be kind of tough to get a market price out of it, I’d think.
Personally, I don’t mind buying a rented property (although I’ve had better luck with tenants I find). But I wouldn’t want to live with a lease that doesn’t work for me.
Posted by Maria on September 14, 2005 at 22:36:37:
I have a sfh 3/2/1 pool that I wanted to sell. The tenants (who still have about 7 months left on their lease)wanted to buy it. Well it turns out with there scores etc they could not get financing that they would be able to afford payments. I have some family things coming up and would really like to liquidate this home. I owe $84,000 and comps are in the $165,00-170,000 range. Can I sell it with a tenant ? Any suggestions to sell it in a reasonable time frame? Or in your experience will it not sell well with a tenant. Home is in great condition tenant is great and keeps home super clean. I just am worried the normal owner occupant wont be interested and wondered if that will be a problem? Any experience will this? I am fl on west coast. Maria