Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 over 9 years ago on . Most recent reply

User Stats

70
Posts
38
Votes
Dan Ward
  • Real Estate Investor
  • Cabot, AR
38
Votes |
70
Posts

Selling home after living in it for 1 year!!

Dan Ward
  • Real Estate Investor
  • Cabot, AR
Posted

So here is the situation, my wife and I purchased our home exactly one year ago and I recently accepted a job offer about 2 hours away. When we purchased the home we put 10k down and now we have realized that if we sell with a realtor.....we will be lucky to break even. Currently the houses in my neighborhood rent for $1200+ per month (booming area and college town).....so it seems like I would be better offer selling my home for a few thousand less than I paid for it to an investor by offering them a great property that would have a 10%+ cap rate, would be a better deal for both of us rather than pay 7% commission and closing costs on the property. What do you guys think? Could I spin this situation into an opportunity for someone wanting to get into rental property or no? 

Loading replies...