They said they would sell me to directly if I wanted the house.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000

Rental Property, Buy & Hold

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $157,000

Sale price: $260,000

First Purchase

Let's assume they are selling their own house where they lived for many years.

@James Coleman I house hack a duplex.

In 2023, 4.1 million existing homes changed hands, a level not seen since 2008 (which was effectively the trough after the housing crisis).

I'm in the Bay Area houses here are very expensive for me to start with. 

@Tom ThomsonI am not an attorney but my 2 cents is he does not have to return your earnest money in my opinion if he can still meet the closing date on the propertyI view it as you are terminating the agreement because you don’t like the house anymore

Hey Jose - if you're working with $15k i'd examine your local market to see if there is an opportunity to house hack if you want to work solo.If you're opening to partnering - I'd reccomend attending your local REIA meetings to see who is looking for a partner / capital.

How to tap the equity of a house inside a trust?