All Forum Posts by: Tyler Allen

If your house is a good deal for an investor, it's probably an even better deal for you to keep it. What specifically is making you tired of being a homeowner? Keep in mind that if you sell it, you no longer have control over the property. That reason alone is why many people choose to own a home rather than rent. Unless you are in a really high priced market, owning a home is almost always better than renting. I don't necessarily agree with the gurus who label ones' personal residence as a financial liability. There's so much more to home ownership than just the dollars going in or out on an annual basis. I would never want to be a tenant and have only been that for a few short years on my not so short life. To women especially, a home is a more significant thing than it is to most guys, so certainly take into account your wife's feelings on this subject.

Selling to an investor would bring in cash.

I can use the cash to return a MUCH higher ROI than owning a house. This year, my business produced $21 for every $1 invested in advertising. The problem is the market I advertise in is not scalable or I would borrow every dollar I could get my greedy hands on:>

After 17 years, when I add up all the fixes to my new townhome, my ROI averages less than 1% a year. Not good.

0 Votes

Originally posted by @Michael P.:

Do a cash out refi to get investment capital. Wife happy u happy.

I appreciate this advice...

However:

Then I am back owning real estate... earning a VERY low ROI (compared to my online business).

Extra question: is there a way to contact local real estate investors in my area? I live in the sticks.

0 Votes

Originally posted by @Jay Hinrichs:

sales lease back very commercial type transaction.. if you can hit the 1% rule I bet you could get some takers.

really depends on where it is.. if you have owned a home that has not gone up signficicantly in 17 years down in the recession and up in the last 7 years might be a stagnet market.

I am new here...

Can I assume the "1% rule" is if someone buys our house for $200,000, they would want $2,000 a month in rent?

If so, yes - that would fit the bill for me.

0 Votes

Originally posted by @Dennis M.:

I would .. no pets no nails in the walls no pictures no more than one friend over to visit and I can evict you if you don’t follow my rules or if I decide to sell your home to a high bidder

Interesting response. (I can't tell if you are being a bit sarcastic)...

Because:

My wife is SUPER hesitant about this idea... (She is emotional as this has been our home for so long)...

The big sticking point for her is "what if the buyer decides to go crazy and kick us out for no good reason?"

How would we protect ourselves against this?

0 Votes

I have an idea...

I HATE the idea of owning a house.

We have been here 17 years and the return on investment is a fraction of what I can get investing in other places (especially my business).

I find myself agreeing with Grant Cardone - cash in my house is trash.

Question: are there any real estate investors here who would like my pocket listing... buy my house as is (GREAT condition) and let me pay rent to stay here in my house for years to come?

We have good credit (I think 735 FICO)... wife is a teacher... I work for myself at home.

Just upgraded everything... house is like new again.

Can anyone point me to where I can find a real estate investor who would JUMP at this?

0 Votes

All Forum Posts by: Tyler Allen

Tyler Allen has started 1 posts and replied 5 times.

Post: Attn: Real Estate investors - would you take my rent money?

Post: Attn: Real Estate investors - would you take my rent money?

Post: Attn: Real Estate investors - would you take my rent money?

Post: Attn: Real Estate investors - would you take my rent money?

Post: Attn: Real Estate investors - would you take my rent money?