All Forum Posts by: Ryan Cleary

I have a property I would like to sell:

-Market value: 450,000

-Purchased in 2020

- Mortgage has $153k left at 4% (conventional)

The market is slowing down a bit and since I no longer would qualify for conventional loans, I am considering offering seller financing to generate some interest and get the best sale price.

I would love some ideas of how to structure this properly. 

To my knowledge, it is better to have a buyer assume the mortgage, I just dont know how the rest of the terms would be.

@Dave Foster Thanks Dave!

@Theresa Harris Thanks Theresa!

I would much prefer to avoid the word eviction... She let me know a few months back that she was looking for another rental. I hope I am able to communicate this in a way where we are working together rather than against eachother, I am more than happy to help her find another rental as well.

@Greg Scott She is currently month to month

I am looking to 1031 the first investment property I bought. Its a 2 family home in a rough neighborhood, one side vacant and the other is occupied.

I have an okay relationship with the existing tenant but it has been a constant struggle with late rent, her keeping the property a mess, and her unit is disgusting, etc. 

The property is located in Florida and I would like to have the property completely vacant for the sale because I know her unit and her mess will turn away any potential buyer.

(even if I was keeping the property, I would want her gone, each time I am there I am picking up a handful of diapers on the property? Why am I picking up diapers? I dont understand how this even happens, does she occasionally open up her front door and and fling a diaper on the property?)

Anyways, would you suggest trying to evict her myself or is it worth spending the money on a lawyer to have this done properly?

Hi Barrington, its hard to tell without any other deatils, would you like to share some more information about the property?

Thought I would keep everyone updated, the tenant is paid in full!

Hey,

I have had luck in the past with sending out handwritten letters to potential buyers. I hate the golden letter approach "I have a buyer that wants to buy your house, etc." I know a lot of agents will use this without having a buyer.

I was wondering if anyone knew of a template that is effective and reduces the need to lie on the letter.

Thanks!

 Hi Erick,

Nice to meet you, BiggerPockets is an amazing community.  Let me know if you want to hear about events in the area!

How can I get a template for a 3-day notice in Florida?

Thanks