Updated over 3 years ago on . Most recent reply
I have people that want to Sell and Lease Back their homes.
I have been prospecting and I run across a lot of people that want to sell their home and then want to lease it back. I run into this at least once a week. What is a good strategy or blueprint that would allow for me to buy these properties and build a personal rental portfolio? Or point me towards a discussion thread about doing this. Thanks in advance.
Most Popular Reply
Hi @Eric Karlene, usually they only want to lease back for 30-60 days so after that it is exactly like any other deal.
A good strategy would be working in times at least once a week where you can have prospective tenants tour the property while the old owners are still there.
That way, you only have to have a short period of vacancy.
The strategy to amass properties varies based on your goals and approach.
Are you looking to do straightforward LTRs, BRRRRs, STRs, multifamily, or something else?
Please let me know if I can be of any assistance.