All Forum Posts by: Douglas Schwart

Thank you everyone for your feedback.

I have decided NOT to accept the offer from SINGH based on the responses I received on Biggerpockets along with some other insight...Logic prevails.

Thank you again

Doug

Chris...

The property is paid off...currently sitting empty...with needed minor repairs.

Trying to deferr Capital Gains Tax liability until my earned income is lower in retirement.

Would this change your mind?

Have you heard of Singh Development Company or dealt with them?

Chris

Thank you for your feedback...I will definitely reconsider the offer with my real estate agent on Monday.

Much appreciated 

Doug

Currently in negotiations with Singh Development Company to purchase my rental home (as in condition-renters moved out) located in Columbus, Ohio with Seller Carryback Financing. 

SEEKING feedback from other Sellers of rental or primary residence homes who have dealt with SINGH Development Company agreeing to Seller Carryback Finance terms and "the end result" from beginning to end of contract terms.

The proposed offer is for 7 years, $600 monthly payment to Seller, balance due at end of 7 years, 0% interest as final overall price paid to Seller after 7 years from date of closing is inflated to $270,000. Current market value of "as is condition" rental home is $175,000 to $200,000.

Thank you for your feedback

Doug