We bought this rental property in Avondale for cash in As Is condition. There was long term tenant in the property who passed away and the owners were ready to move on so reached to us for a cash offer. We were able to pay them what they needed and close fast so they could pay off their note quickly. You can watch the video of our founder Aussie Steve talking about the situation and the property. There is also a transcript of the video below.
I’m here at a house we closed on last Friday, it’s Monday now. It’s a property on the Westbank of Jefferson Parish, the Avondale/Waggaman area.
We purchased it from the homeowner, who reached out to us some time ago. They’ve owned it for a really long time, and they had tenants in it. The tenant had been here for 15 years and was a really good tenant, but unfortunately, that tenant had passed away. She was getting sick in the last couple of years so she let the house go and caused it to be in a pretty bad condition.
The owners didn’t really want to sink a lot of more money into it. They had an SBA loan and a mortgage on it, so they had a high note and they really couldn’t afford to let it be vacant and spend money to fix it up in order to sell it, or to put another tenant in it. So, they reached out to us, and we purchased it in As is condition, all cash.
We were able to close it in two weeks as they wanted a really fast sale because they wanted to pay their loan off.
We got stuck right into the rehab. The guys are already working to turn it around. And as you can see, the house needs a full paint. We’re missing stove and fridge, and we need to put them in. We’re also going to do new floors on it. We don’t muck around; we get stuck straight into it. We’re putting a wardrobe in there as well. One of the wardrobes has been taken out, so we need to put that back in.
So, guys, if you have a house like this you’re looking to sell and you don’t want to put in the work yourself. If you’re happy just to sell it fast and move on, reach out to us. You can visit our website, homebuyerlouisiana.com. We have a lot of frequently asked questions information on the site, so please check it out.
You could also give us a call, we’re happy to chat. We’ll give you advice even if we don’t end up buying your property. We’re happy just to give you our thoughts and see what options you have. If we end up being a good option for you, fantastic! If not, we’re more than happy just to help you and wish you the best with that as well. So, reach out to us guys.
Thank you very much and have a great day.