- Joined
- Oct 11, 2007
- Messages
- 85
I would appreciate input from someone experienced in rent to owns. I am wondering if the property I am looking at is suitable for a rent to own or if it would be difficult to find a tenant buyer because the property is dated although decent condition.
It`s a 1/2 duplex in Queensland, Calgary built in 1974. It is mostly original condition other than newer flooring. The kitchen and bathrooms are pretty much original other than a 3 piece wall surround put in main bath shower and a decent looking neo angle shower in basement bath and newer vinyl flooring. Bathroom vanities and countertops are ugly. Kitchen cabinets are older as well...the ivory cabinets with wood ledge pull at the bottom of each door and laminate countertop is not in great shape. Windows are original aluminum sliders and original furnace.
All the flooring is newer...3 years old and walls/paint is fine. Roof was done about 7 years ago. It looks not bad just dated.
The owner owes 245K which is about the market value and he is willing to seller finance so I was thinking of purchasing on seller finance and putting in a rent to own buyer.
Thoughts and comments greatly appreciated.
Debbie
It`s a 1/2 duplex in Queensland, Calgary built in 1974. It is mostly original condition other than newer flooring. The kitchen and bathrooms are pretty much original other than a 3 piece wall surround put in main bath shower and a decent looking neo angle shower in basement bath and newer vinyl flooring. Bathroom vanities and countertops are ugly. Kitchen cabinets are older as well...the ivory cabinets with wood ledge pull at the bottom of each door and laminate countertop is not in great shape. Windows are original aluminum sliders and original furnace.
All the flooring is newer...3 years old and walls/paint is fine. Roof was done about 7 years ago. It looks not bad just dated.
The owner owes 245K which is about the market value and he is willing to seller finance so I was thinking of purchasing on seller finance and putting in a rent to own buyer.
Thoughts and comments greatly appreciated.
Debbie