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Updated over 8 years ago,

User Stats

16
Posts
4
Votes
Gardi A.
  • Investor
  • Kew Gardens, NY
4
Votes |
16
Posts

SFH purchase

Gardi A.
  • Investor
  • Kew Gardens, NY
Posted

Hello all. just came across this scenario and wanted to get some advise. Property was purchased in 2007 for $62k and is being sold now for $47. Owner's son was responsible for all the properties but passed away now parents want everything sold. Property is currently rented for $950 and i found out that the current tenants want to purchase the house. If the tenants don't qualify do i 

1) purchase myself, help them qualify and within a years time sell back to them 

2) do I rent to own with them 

3) just keep them as tenants until them leave

I don't plan on buying all cash as i cant'

thank you

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