We bought this rental property in As Is condition

We recently bought this house in New Orleans East. The owners reached out to us because they had a tenant in place who was going to leave and they were just sick of being a landlord and were ready to sell the house. It was actually their first home from back in the day but they moved to Texas after Katrina and had it as a rental property. They were just sick of dealing with tenants and the house had a number of repairs that were needed. The floors were badly damaged, the roof was leaking, there was termite damage and the bathrooms were in disrepair. They didn’t want to make those repairs and just wanted to sell the house in As Is condition and move on with their lives.

We were able to make them a cash offer on the house that worked for them. There were a few title issues to fix which our title company cleared up and we were able to close on the house quickly. The owners were really happy as their goal was to sell the house fast with little hassle which were able to help them achieve. We were also happy as it a good project for us to work on. We are going to fix this house up and flip it so that a new family can call this place home again.

If you have a rental property that you are looking to sell then we may be a good buyer. We hold rentals as well as flipping and don’t mind buying a rental with a tenant in place. As investors we don’t care if the house is messy or needs repairs so you don’t need to worry if the tenants won’t clean the house up to show it. So reach out to us if you want to sell your rental property and we would be happy to discuss it with you. You can give us a call or fill in our online form and we will get back to you.

You can watch the video to learn more about this transaction of you can read the Video Transcript below…

Video Transcript

Hey, it’s Aussie Steve here from Home Buyer Louisiana. We buy houses in any condition throughout Louisiana.

I’m here at a house we closed on last week in New Orleans East. The seller reached out to us — this was actually the first home they ever bought, many years ago. After Hurricane Katrina, they moved out of Louisiana. Although they fixed up the property at the time, they never moved back in. Instead, they kept it as a rental and have been landlords ever since.

Now, look — we personally love being landlords. We manage a number of rental properties professionally. But I definitely run into a lot of people who only own one or two rental properties, and for them, it can be more of a headache than it’s worth. That was the case here. The seller didn’t enjoy being a landlord anymore. It had become a hassle dealing with tenants, and they’d had several issues.

The tenants were preparing to move out, and the seller just wanted to sell the house quickly for cash, as-is. That’s exactly what we did.

The house wasn’t in great shape. It wasn’t ready to be listed on the market. The tenants had torn up the floors in several areas, and there was a roof leak. You could actually feel the floor sagging under your feet when you walked through. The place really needed a full clean-out. There were parts missing from the kitchen cabinets, damaged flooring, and the bathroom was in rough shape — including a cracked shower and a toilet in poor condition.

Overall, it just needed a lot of work to bring it up to standard. A typical homebuyer couldn’t get conventional financing for a house like this, and most realtors would recommend fixing everything up before listing. But the seller didn’t want to deal with any of that — they just wanted to sell quickly and be done.

When we first looked at the house, the tenants were still living there. They were in the process of moving out, but we’d already agreed to buy it. We kept the transaction simple and easy for the seller.

If you’re in a similar situation — tired of managing a rental property, especially if it’s causing stress or has bad tenants — we’re happy to take a look. We buy properties even if the tenants are still inside, even if there are major issues. We know how to manage that process and take over the hassle.

Or maybe your property is vacant but just needs a lot of repairs. That works too. We’ll buy it for cash, as-is.

Reach out to us at Home Buyer Louisiana. We’re happy to discuss your specific situation, and even if we’re not the best buyer for you, we’ll still give you helpful advice and suggestions to guide your next steps.

Thanks, guys. Have a great day — and let us know if you’re thinking of selling your house.

Let us know if you are selling a house in Louisiana

If you know anyone looking to sell their house in Louisiana let them know we are buying. We buy houses all over Louisiana but have a particular emphasis on Greater New Orleans,  Metairie, The Westbank, The Northshore, Baton Rouge, Lafayette  and the Mississippi Gulf Coast. If you are selling a house in those areas reach out to us for an obligation free cash offer on our house.