August 12, 2023

We buy damaged rentals like this one in Reserve

We buy rentals from landlords that have had bad tenants like this one in Reserve. The owner had to evict the tenants and they weren’t happy about it and damaged the property. I would like to say we haven’t seen this before but we have seen it a lot. The owners just wanted to sell the rental for cash, without having to make repairs.

You can see the video of our Founder Aussie Steve walking through the property and talking about the situation.

Video Transcript

Hey guys, Aussie Steve here from Home Bar Louisiana. We Buy Houses in any condition in Louisiana. I’m here in a property we’re looking to purchase in Reserve.

The owner of this property actually attends one of the real estate meetups that I run, and he was just looking to sell. He’s actually a contractor himself and he does invest, so you know he’s a capable guy. However, this house had just been a bit of a headache for him. He had a tenant in place, it was a rental, he had to evict the tenant for non-payment, and they messed up the house a bit. While he can fix it up, he has the ability, he’s just busy with other projects. So, he wants to sell it all cash, and he reached out to us.

We were able to come to terms on it, and we’re looking to purchase it. It’s actually my first time walking through it, but you know, it’s pretty typical of the rentals out here. It’s pretty dated and definitely needs some deferred maintenance. Down here, you’ll see where the tenants really weren’t happy – they kicked in the drywall and smashed the front window. Well, that happens, I think we’ve had some horror stories ourselves. It’s part of the course, you know, we’re used to it. We have Property Management that helps us and we have reserves available when these things come up, but it’s pretty typical.

For this particular owner, he just doesn’t want to deal with it anymore. He’s ready to move on. He doesn’t want to have to fix it up to sell it. It would take time, effort, and energy, and even though he’s capable of doing it, his thoughts are better invested elsewhere. So, he prefers to sell it to us all cash. We’re able to offer that, which works for him and still makes it worth it for us to come in and fix it up.

So, look, if you’re looking to sell a house like this, where you just don’t want to fix it up – maybe it’s dated, maybe it has some issues – we buy houses in any condition. We love to come in and add value; that’s what we do. If your house is beautiful and fully renovated, we’re not your buyer. You’d better sell that to a homeowner because it’s ready for them. But if the house isn’t ready for a homeowner and you don’t want to make it ready, then we love those sorts of projects. We can use our skills, expertise, and resources to add value. We’ll pay you a fair price – fair as in its damaged state – and we are able to fix those things, probably at a better rate than you, because it’s what we do. That’s how we can earn our value in the deal, make you happy. We want everyone to be happy at the closing table; that’s one of our company principles. If you’re not smiling, if you’re unhappy with the deal, then we don’t want to do it. Likewise, we need to be happy too; the deal needs to work for all of us.

So, look, if you’re looking to sell, give us a call. We’re happy to chat through it. If the deal won’t work for us, we’ll tell you. But we’ll also give you advice – we want to see you happy. We’ll give you our thoughts on what you can do. We don’t buy every single house; if you call us, you know, we probably have 10 to 15 phone calls before we buy a house. We’ll give advice, talk you through options, for people just looking and thinking. But if it works, then we’ll buy it and we’ll make it easy. I guarantee when we buy your house, it’ll be the easiest, simplest transaction you do. Reach out to us, go to our website homebuylouisiana.com. We’d love to chat about your property. Thanks so much.

 

So you if you know anyone selling a house in a house in Louisiana let them know that we are buying. We are particularly focused on buying houses in Baton RougeNOLAMetairie,  the Northshore and the Westbank at the moment”
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