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Updated over 4 years ago,

User Stats

12
Posts
6
Votes
Peter Doan
  • Alameda, CA
6
Votes |
12
Posts

Rent property with previous owner passed away in house

Peter Doan
  • Alameda, CA
Posted

Hi everybody,

I recently found a property listed below 15% of the market price. The house is listed for sales at 320K where as similar houses in the area are about 360k. The previous owner the house passed away peacefully in the house 4 month ago because of cancer. 

I wanted to buy the property, fix and rent it out. I have never purchased a property with previous owner died in a house before. 

Does anyone in this forum purchase house like this before. Based on your experience, should I buy the house? Would it be hard to rent out the property?  

I am thinking if I buy the house then I can put the rent price to be lower than the normal price but I am not sure if this will help.

Thank you very much for the help. I am looking for the advice.

Peter

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