Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

8
Posts
0
Votes
Sean Folkson
  • Investor
  • Elmsford, NY
0
Votes |
8
Posts

They Foreclosed my Landlord...deal opportunity for you?

Sean Folkson
  • Investor
  • Elmsford, NY
Posted

Hey guys, I did a few real estate deals back in '08-'10, so maybe know just enough to be dangerous at this time.

I own a couple of smaller properties which are now investments, and my family and I live in a bigger, more expensive house, which we have been renting for over 2 years.

Our landlord stopped paying his mortgage, and the bank finally was able to take back the house from him.  I'd like to remain in the house, and happy to keep paying our rent...to you!

Would love to find an investor who may want to acquire the house, and be our new landlord.  The return on cash should be acceptable...not great.  minimum of 6%...maybe as high as 8% depending on how much we end up getting the house for.  At full market price, you'd be around 6%.

The x-factor is that my financial situation is unique, and we can build in plenty of additional upside for the right partner, with your downside being a safe 6%.

let me know if you're interested in discussing.   I know that in a different time of my life, if I were the investor reading this ad, I'd pounce on this deal.

thanks
sean

Loading replies...