Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago,
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.