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Updated about 3 years ago on . Most recent reply

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Sean Starkey
  • Rental Property Investor
  • Huntington Beach
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So my friend wants to sell me his house

Sean Starkey
  • Rental Property Investor
  • Huntington Beach
Posted

So much friend wants to sell me his house in joshua tree. Do I ask if he wants to do seller financing? He wants to use the money to get a down payment fir a home in socal so would that put seller financing out of the question? This is currently a LTR with low rents with ability to increase them his wife told me. I was thinking to make it an STR. Thoughts?

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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

First, check out JT restrictions on STRs. Second, if he needs money to buy a LTYR, you'll need some kind of money.....right?

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