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Updated over 6 years ago,
Renter begged me to sell the house to him. Leverage opportunity?
I was taken aback recently when the tenant (1 year) asked me to seriously consider selling my house to him using an owner carry contract.
I understand the pros and cons regarding such.
However, my question is simply this; would BP members consider this as a way to “leverage” the asset to get cash (tenant/buyer’s down payment) for another property investment?
Please feel free to tell me I’m crazy to even consider such an idea.
Favorite new saying; "Mistakes are our best mentors, but soliciting other BP member's advice beats making stupid mistakes."
Thanks!