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Updated over 8 years ago on .

User Stats

86
Posts
6
Votes
Hae-Yuan Chang
  • Investor
  • Orlando, FL
6
Votes |
86
Posts

Owners Going Out Of Town Longterm Wanting To Sell Or Rent?

Hae-Yuan Chang
  • Investor
  • Orlando, FL
Posted

Hi BP!

One of my good friends is traveling indefinitely for long periods of time and is thinking about selling or renting his property. They are doing some rehabs currently and it's a beautiful property with a wonderful food garden in the front and back. 

I'm trying to figure out how I can help in this deal and make money as well so I can propose the ideas (considering good cash flow). An idea I had was to turn it into a rental by finding tenants and split the cash flow 50/50. So I become sort of a property manager. Or sandwich leasing? 

Are there other creative methods I can utilize that I may be missing? Could anybody give me tips on the methods I mentioned? Thank you guys!