Well, if you want to be just a landlord I guess it’s OK, but don’t count on any appreciation any time soon. Any HIGHWAY behind a house can’t be a plus. You’ll have to disclose that when you sell, if it’s not in yet.
I had a seller (out of state) call on my ad today. They have a house that they owe $160,000.00 approx and would like to just give it to me under a subject to agreement. They have no equity and want nothing but debt relief.
I haven’t seen the house yet, but I certainly will take a look see on Friday. They had the house listed since 4/1/2000 and have not sold it. The reason she said it has been difficult to sell is because of a proposed highway project right behind the house. She say’s it’s not as bad as people are making it out to be. (We’ll see).
This house is 4/2/2 and is 2200+ square feet.
Do you think I would have a much easier time selling with owner financing opposed to that unsuccessful realtor effort. Hey I get in for $0.00 and payments are current!