I decided to take a lower CoCr for stable, high quality tenants and have zero regrets.

I know there are a lot of options, especially since they are family and willing to carry the loan. 

Hey BP folks,I currently have a duplex in Fort Worth (TX) that has 3 bed / 3 bath on each side with ample parking (corner lot). I’m giving serious consideration to converting into a PadSplit.However, I have heard that...

With the duplex, you can do both rental options.  

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

When they do that, I adjust the strike price lower because I  take in consideration the amount that they paid for the option.

The RTP at 13.30 signals strong rental demand, making it a viable option for those looking to maximize cash flow.

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.