Texas Rental Property

[Account Closed]

Hey folks. Not sure if I’m in the right place but I am going to post here anyway. Anyone have any advice on how I can find an investor to buy my home in East Texas. It’s a well maintained home but I’d like to rent the home from the buyer after I sell it until my new house is built. If this is against any forum rules, I am sorry in advance. I’m new. Just looking for advice.

-Mason

[Bruce Lynn]

It's not uncommon to lease back for a while from the buyer.

A couple of tricks though....one is probably a retail buyer will pay you more for your house than an investor will pay.  So if you sell retail, typically the max they can rent back to you is 60 days....unless they're paying cash.   They might be able to sign a contract...a bit far out, perhaps with 60-90 day closing, then lease back to you for another 60 days after closing.

If you sell to investor, then they can rent back to you for as long as they want, but typically they won't pay as much as a retail buyer would. Also they may want more rent, then your current PITI, so be prepared for that.

Your realtor just has to market your home that way to attract the right buyer.   We're actually seeing more and more of this the past couple of years.