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,

User Stats

13
Posts
5
Votes
Jason Mizell
  • Little Rock, AR
5
Votes |
13
Posts

Are these vultures, or is this a deal?

Jason Mizell
  • Little Rock, AR
Posted

2 months ago I purchased a 2br/1ba house for 38k that is in good shape and the best house on the block.  No tenant yet for whatever reason, but I received a letter yesterday from a company saying "I was browing through a property management website and ran across your unoccupied property....would you be open to one of the following options?

1. all cash purchase of $42,411 and they pay closing

2. purchase price of $51,499, they pay closing, $3600 cash to me at closing, and I finance to the buyer at 9% over 10 years

3. purchase price of $60,588, they pay closing, $3000 cash to me at closing, and balance to be paid in 150 equal monthly payments.

Is this a common occurrence to get letters like these?  I'm relatively new to real estate and haven't come across this yet as my other properties had a tenant upon purchase.  Would appreciate insight from the community.  Thanks!

Loading replies...