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Updated over 7 years ago, 03/12/2017

User Stats

20
Posts
0
Votes
Bob C.
  • Investor
  • Littleton, CO
0
Votes |
20
Posts

Feeling Guilty About Selling

Bob C.
  • Investor
  • Littleton, CO
Posted

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?

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