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Real Estate
Reply to "Renter trying to buy"
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[quote=Anonymous][quote=Anonymous]I would gladly accept the offer. Offloading a property at fair value, saving 5% on agent fees, and not having to do any repairs or prepping for a public sale, all sounds like a huge win to me.[/quote] Agree. Only OP knows the basis, depreciation recapture, assuming no NIT 3.8%. A great tenant for 5 years wants to buy the property. That tenant is ready to be a homeowner. So the tenant will shop for a property and OP will be in the market for a replacement tenant. Could be a nightmare on rent payments and just not worth the hassle since OP has made the $ out of the property. [/quote]
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