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Updated 4 months ago on . Most recent reply
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Sober living investment
I am considering purchasing a sober living house in Georgetown, DE. It has 5 bedrooms and earns 5K per month, but the owner is asking for 360 K. It will be managed by a behavioral health company that guarantees a house manager, so I am shielded from any issues with the tenets. Furthermore, they will pay the monthly rent to my company regardless of occupancy, so the 5K/month is assured. The seller wants 20% down on a seller-financed deal. But I wonder if I can do better using a mortgage broker. Any advice is appreciated.