Potential House Hack Property Owner Has Counter Offered.

[Jason Toledo]

Hi All, 

I'm looking at a duplex in the Dallas Fort Worth Metroplex area; the seller has just counter offered with an addendum for reservation of the potential oil, gas and mineral reserves of the property. I offered 10K over the asking price, due the numbers still working. Is this a deal breaker in regards to real estate investing; as investors, wouldn't we want control the whole of the properties we are purchasing? Thanks in advance for the help!

Best Regards - 

Jason Toledo

[Frank Wong]

Hi Jason,

I had purchased a property in Dallas Ft Worth market with no mineral rights rehabbed and sold with multiple offers.  No issues in selling.  It was also a seller's market and my finished product was nice enough for buyers not to care.

The other properties I do own that have them and I  lease out to an oil and gas company.  I think they pay like $44 or so a month.   I think what's more important is the actual house, location, rental numbers, and upside.  If everything else clicks go for it.