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Updated over 3 years ago on .

User Stats

46
Posts
9
Votes
Kenny Colato
  • Los Angeles, CA
9
Votes |
46
Posts

Buying landlords property

Kenny Colato
  • Los Angeles, CA
Posted

Hey there guys! Thanks for taking your time to read this :)

I’m on the fence on either buying a property in Clarksville, TN, or buying the property on where I currently live.

I’m located in Los Angeles, a rough area, but in Los Angeles property value will always increase and appreciate is insane here. 

My thoughts are to purchase the property where I live from my landlord and see if I can seller finance the deal.

Here’s the thing, the owner owns many properties all over LA and I don’t know if he’d sell it to me. We’ve been living here for about 8 years, and the property contains two units and a garage. The property is a duplex, and there’s a garage in the back that I can possibly turn into a rental by turning it around into a livable area.

How do you guys think I should approach the owner? Seller finance, Lease Option, or how?

Thank you for your feedback.