Offloading a rural (700 person town) house

[Sean Dezoysa]

I have a house in Bloomdale, OH that I'm picking up on seller financing.  Rent on it is $750/mo and my payment is $500. I'm thinking of selling on a wrap.

Problem is the deal is rural. 700 people in the town. Do you guys think that kills the deal? If not I'd love to hear strategies for moving a house in a low population area.

[Chris Seveney]

Quote from @Sean Dezoysa:

I have a house in Bloomdale, OH that I'm picking up on seller financing.  Rent on it is $750/mo and my payment is $500. I'm thinking of selling on a wrap.

Problem is the deal is rural. 700 people in the town. Do you guys think that kills the deal? If not I'd love to hear strategies for moving a house in a low population area.

Rural will be a problem for two reasons, lack of people to buy it and most likely those in the area will not understand a wrap. An investor most likely will not want to pick it up as the payment will most likely exceed the revenue so it will be cash negative. Why not just try and sell it outright?