There is a moment most landlords hit eventually. The tenant calls about the water heater at 11pm. The town sends another rental registry letter. The deferred maintenance list has gotten longer than the equity gain feels worth. If you have been thinking about getting out, you are not alone, and you are not stuck.
We buy occupied
You do not have to evict before selling to us. We buy with tenants in place. We take over the leases, the deposits, and any active issues. If the tenant is non-paying or you are mid-eviction, we still buy. We just adjust the offer accordingly and take it from there.
We buy condition as is
Most tired rentals have a long list. Roof past its life, deferred exterior paint, kitchen and bath updates that never happened, oil tanks that should have been swapped out years ago. We do not need any of it fixed first. The condition is in the offer.
Tax implications
A few notes that may matter to you, though this is not tax advice. If the rental has been owned for years, depreciation recapture is going to apply. 1031 exchanges into another investment property are common. We can coordinate with your QI on the buy side of a 1031 exchange.
Why investors trust local buyers
We own and operate our own rentals on the Seacoast. We are not a national chain that has never seen the units. We understand what a market rent is, what a typical CapEx number looks like on 1900s housing stock, and we make offers that reflect the reality of operating these properties.
Next step
If you are ready to be done, send us the address and the rent roll. We will give you a real number and let you decide.