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Updated about 11 years ago,

User Stats

27
Posts
6
Votes
Darish D.
  • Davis, CA
6
Votes |
27
Posts

Selling Trustee sale property with owner occupant renting

Darish D.
  • Davis, CA
Posted

Just bought a 200K home at the court steps (I'm sole owner and a real estate broker). Made a mistake as the area is not good to leave a home vacant. I told the owner her options (cash for keys 15 days, eviction or rent until Jan 15 then leave) and she said she was interested in renting the unit longer term. She seems like a really nice person just in a bad family situation. She has a steady job. My goal is to get out of this asap as a better deal has come up and I don't want to invest several months to have her leave, rehab and sell . What do you think of pre qualifying her at $1500 a month, place it on the MLS as a rental sale and do a quick sale to cash investors? Is that a bad idea? I should be able to get enough to get funds back, pay the buyer's agent and closing costs.

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