I have a property under contract i am trying to wholesale who refuses to owner finance-
I put it under contract for 7K.
Everyone and their brother wants to rent to own it. I have a couple who desperately wants it and will do all the repairs themselves. Would I be foolish to buy this property myself and then rent it out? I have it marketed for 14,500
I’d do it. I’ve offered half a dozen properties or so “as is” if the tenants do the fix ups. They love it because I give them a deal on the monthly rent.
Just make sure they are serious before you buy it. Get a deposit from them so they have some skin in the game.