Right now you have a market where existing landlords have all these properties at cheap prices where they can afford to charge less for rent than new buyers and many don't want to shock their tenants by jumping rents by $400+ in one rental cycle... so we are gradually easing those tenants upwards each year.  

I've had a couple of elderly vets who considered allowing the buyers to assume the loan, but this is rare.

Should that property be sold again in the future, the property owner would convey all rights to the buyer EXCEPT the oil rights that were no longer the landowner's to sell.

As of today, May 19, 2024, he is advertising a single family house for sale in Rosedale (Queens), NY for $250k, while stating that it will be a short sale once a prospective buyer makes and offer that's accepted by the seller after providing proof of funds. 

Those factors are more critical in a fix-and-flip scenario where you’re focused on resale to an end buyer.

@Kent Ford Yes, Texas is very good for first time home buyers.

Hey @Monish Anand - Long distance real estate investing can for sure be challenging, but also forces you to dial in your systems or fail!

But if the lease terms are murky, if renewal conditions aren’t guarenteed, or if the airport authority could dramatically shift the deal down the line, then you should be asking for a discount..or at least some protective clauses in the contract.I’m curious... if you were to step into this kind of leasehold now, how do you think you’d explain the upside to your future buyers or partners when you eventually decide to exit?

Many buyers/investors are using this strategy to invest in real estate.- get into real estate with a lower rate and lesser percentage down payment.

Might be a way to get some cash quicker or maybe get a buyer for the land quicker if you can show them they could pull 1k an acre by having someone come clear cut the parcel after they buy it.The local population seems very limiting too.