retire to nature
Recycles dryer sheets
- Joined
- Aug 10, 2018
- Messages
- 384
Hi All,
I got a lot of help from this website, I would like to appreciate and get some more help.
Many people advised me to sell my rental property.
I am in the process of selling one house (which my sister used to live) and have a lot of headache.
I got an offer from one of my tenant, that she is interested to do rent to own. She is section 8 tenant actually, so I am not sure how it would it works.
My original plan for 10 rental properties is to keep them until current tenants move out, I would sell. Because as far as I know it would give me better cap rate.
But I got wondered if it is good for the current tenant to convert to rent to own. I am pretty sure, some of them wants to buy it.
But I am not sure if appraisal is necessary? or how to make price and what kind contract needed?
Any pros and cons? by my research they need some money to start like down payment.
SO is it possible idea or better not think about at all.
Thank you in advance.
I got a lot of help from this website, I would like to appreciate and get some more help.
Many people advised me to sell my rental property.
I am in the process of selling one house (which my sister used to live) and have a lot of headache.
I got an offer from one of my tenant, that she is interested to do rent to own. She is section 8 tenant actually, so I am not sure how it would it works.
My original plan for 10 rental properties is to keep them until current tenants move out, I would sell. Because as far as I know it would give me better cap rate.
But I got wondered if it is good for the current tenant to convert to rent to own. I am pretty sure, some of them wants to buy it.
But I am not sure if appraisal is necessary? or how to make price and what kind contract needed?
Any pros and cons? by my research they need some money to start like down payment.
SO is it possible idea or better not think about at all.
Thank you in advance.