All Forum Posts by: Adam Foley

Hi All - First post. Hope I can get some immediate advice as I have a potential buyer lined up. I just purchased a condo with all cash as an investment property. I was going to use it as a rental and then resell it later. So far I have no rental interest and for some reason, a ton of rentals just came on in the area with not much activity. I have contact with a reliable buyer. My original plan, rent our, and resale when the market is higher.  Alternative plan - sell with owner financing at a price higher than I purchased at and with interest on the loan. I bought for $730,000. Originally asking was $750,000. What are your thoughts? Please advice.