Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 8 years ago, 01/27/2017

User Stats

112
Posts
15
Votes
Andy Ballester
  • Investor
  • pittsburgh, pa
15
Votes |
112
Posts

Why must I live here??? Question???

Andy Ballester
  • Investor
  • pittsburgh, pa
Posted

I'm fairly new to this Real Estate game we all play I have closed a few deals and I do own 3 properties free and clear. I just seen a property listed on the MLS I'm extremely interested in less than 30000$ this property I'm interested in sold about 10 yrs ago for 65000$. From pictures looks can be deceiving looks to be a good deal. ( I'm a merchant marine currently in Persian Gulf just a disclosure. ) I asked for information about the property through email. And the reply that this property is only for sale to a buyer that will live in it. After purchasing it. My question is why if I offer all cash, quick close, as is, no contingencies. Why in the world would I have to live there it's mine. I should be able to rent it, flip it, burn it down if I want. What am I missing. Also a couple yrs ago this happened to me also and decided to pass. I don't want to pass on this one. Help me understand and what possible outcome or consequences could there possibly be if I decided to buy and rent a house in own????

Loading replies...