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Updated over 3 years ago on . Most recent reply

J.C. Martel's profile image
J.C. Martel's profile image
J.C. Martel
  • Investor
  • from Lawrence, KS
  • Member since Mar 5, 2012
  • Posts 45
  • Votes 13
  • Experience 14 Yrs
  • Investments 2
Connect

User Stats

45
Posts
13
Votes
J.C. Martel's profile image
J.C. Martel's profile image
J.C. Martel
  • Investor
  • from Lawrence, KS
  • Member since Mar 5, 2012
  • Posts 45
  • Votes 13
  • Experience 14 Yrs
  • Investments 2
Connect
J.C. Martel
  • Investor
  • Lawrence, KS
13
Votes |
45
Posts
Buying & Selling Real Estate

Selling rental to tenant who needs help with downpayment

J.C. Martel
  • Investor
  • Lawrence, KS
Posted

I have a rental property that my tenant wants to buy, but he doesn’t have a down payment. Am I able to gift him $6-10k as a down payment? Can I increase the sale price by that amount (assuming it will appraise for that)?

Since he was a tenant in the house for 10 years, would this be a rent-to-own or seller-assisted financing deal?

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