Buying FROM An Investor

[Taylor Hale]

What would YOU like to see in an offer when trying to sell one of your investment properties that is currently rented month to month?

Background:

I’m currently trying to purchase my first property (house hack) and it’s pretty perfect for our situation; it’s an upgrade from our current apartment, it will easily rent for the area (college town), and will cash flow at the asking price.

In our market (like most everywhere), properties are being sold for asking price if not more. We have plenty of cash but only plan on putting about 5% down on this property since we’ll be moving again after the first year. The property we want is currently owned by an investor who also owns the property next door, so we kinda know who we’re buying from.

Any creative ideas on how to set ourselves apart, like helping the current renters move, etc. ***I’ve also thought about asking for a lower sale price but paying some of the seller’s closing cost. I’m sure they’re making money on appreciation but we are concerned with future cash flows. The seller would bring less money to the table and we also would get what we want.

Let me know what you think!