Feeling Guilty About Selling

[Bob C.]

I bought a house in Denver 12 years ago and got lucky. The market has been strong, the rents high and the maintenance manageable.
Now I want  to sell it. I've offered it to the tenants for $20k below market. (because I wouldn't have to do any updates or pay a commission) However, the tenants can't afford to buy it. I'll sell the house with the lease in place, but they will eventually get booted. I'm feeling bad for them.
Maybe I can find an investor in Denver looking for a pre - leased home with a 4 % cap rate.

What's your opinion on this?

[Thomas S.]

No one is likely to invest in a 4 cap. Tenants move all the time and will easily resettle where ever they choose.

It is never wise to have feelings when money is involved. Terminate the lease, if they are M2M, or wait till it ends and get rid of them. You will have much better luck selling if there are no tenants in the place and you may get a higher price from a home buyer than a investor. Move on with your life