Profile picture for user1328679

looking for an investor to buy my house from me ( regular sale ) and rent back for 2 years

I have a property in Orlando and i am trying to find an investor that wants to buy it at MARKET VALUE and rent back to me for 2 years. The RENTAL annual net return would be around  8.14% .... sale price $360k  (not a short sale / not foreclosure )
Does anybody know is this can be done?
  • July 19 2013 - Orlando
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Answers (14)

Profile picture for zakarmary2
My name is Mary Zakar, I looking to sell my home.
  • December 26 2014
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I have property at 1523 w Andrews Fresno, California. i looking to sell
  • December 26 2014
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Profile picture for crpmllc
[spam]
  • August 05 2014
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Profile picture for wetdawgs
So, almost a year has passed.  Did it work out for you?
  • June 30 2014
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$360k is a bit high for an investment property. $125k - $175k is more in the sweet spot. An investor - a good one anyway - should get 0.8% - 1% of the home's value per month in rent to cover expenses, including maintenance, repairs, insurance, taxes, and a return on investment commensurate with the time and risk of being a landlord. AT&T with very low risk, no expenses, and no time required is paying a 5% dividend.   

It may be difficult to find an investor / buyer in your situation. That market is relatively thin. You would be better to sell your home, then find another to rent for 2 years.

Just curious why you would want to do that if it's not a distressed sale. It's typically cheaper to own than to rent. (Maybe in 2008 - 2010 it wasn't with a glut of rental homes on the market). The market should continue to appreciate, though not likely at the same rate as the last two years.

My best advice is unless there is a compelling reason to sell now and rent vs. selling in two years, I would say to just wait until you are ready to move to sell.

I hope that helps a little.
  • June 30 2014
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  • June 29 2014
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Profile picture for TopFLRealtor
Absolutely it can be done! Its your property, you set the terms. The only variable is your timeframe for the sale. Find a local agent that has a diverse selection of clientele for your best chances to get a buyer quickly. I deal with tons of Investors from California, New York, South America, and Montreal still looking to buy in Orlando. Believe it or not even though the prices of homes have gone up, properties in Central Florida are still cheap in the eyes of out-of-state Investors. As long as we can come up with a good number (cap rate) there will be no problem getting this specific type of buyer for you.

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  • August 26 2013
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Your listing agent will simply indicate your preference in the listing, and all the buyers' agents out there will try to find you a qualified buyer. That's the beauty of the system; you don't have to find the buyer, the buyers will come to you... as long as your home is priced appropriately.

  • August 16 2013
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If you provide me with more information concerning the actual property, I can have a few of my investors research the property and see if it is worth it to them. Look forward to speaking to you!
  • August 15 2013
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Hi,

Thanks for posting your question. Your best bet is to interview and then hire a realtor to help you come up with a marketing plan and specific sales contract that would allow you to sale your home contingent upon a 24 month lease-back agreement.

Hope this answer was helpful.

Much Success,

Valentina Ogden
Coldwell Banker Residential RE
  • August 11 2013
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Profile picture for user1328679
my math is:
sale price $ 360k
Rent back (2 years)
annual rent $36k
property taxes/ hoa / insurance = 6k
net rent = 30k

if anybody knows who can do this... please post ORLANDO, FL 

property is 2 years old/ excellent location
  • July 19 2013
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I would suggest providing more details.
Where is your net coming from? Could you actually mean gross?
What are you basing your rental rate on? How much per month?
Are you taking into account your debt service? 
Where are you getting your value from? 

As a local agent / broker, I would suggest maybe advertising your property as an investment, and allowing investors to actually look at the numbers in a hard copy form. Show them where it makes sense, and then sell them on the 1. Good Cash Flow   2. Benefits of you as a tenant. 
Honestly, you might be a little late to the ballgame here for current market pricing on a single family home as an investment, many investors have slowed down their buying as of late, but in certain areas we still have people looking. 
  • July 19 2013
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Most investors will require an ROI of greater than 8% in today's market and would look to purchase the property for something less than current market value.

A typical target ROI is often 10%-12% minimum and they would usually look for a discount from market price so the investment has room to appreciate. If the property has unique features like waterfront, golf front etc. they may pay a little more.

In spite of the recent run up in prices, we still have a number of domestic and international cash investors looking for good quality, well located properties.

Good luck.
  • July 19 2013
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It will be tough to do.  The best advice is to contact a local agent who can help you in your situation.  They may be able to provide you with some options that could possibly result in a better opportunity for you.  All situations are different, but by meeting with a local agent you will be assured of what the best option for you is.
  • July 19 2013
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