A flipper’s sum
Prices it empty and fixed up.
- Value once empty and renovated
- $850,000
- Times seven tenths
- $595,000
- Minus repairs you would never make
- −$60,000
- Your tenant
- a cost
Their offer$535,000
The seven tenths rule, as rivals publish it.
Properties/Sell to Wexmoor
Sell my rental property? Our offer comes from your rent roll.
Not from a flip price. We keep the house rented, so the rent sets our number. Your tenant stays. AI reads every file, a person decides.
Two buyers, two sums
Same house. Two answers.
Most cash buyers price your house empty and redone. We keep it rented, so we price what it earns. An example, not an offer: you see every line of yours.
Our sum
Prices what the rent can carry.
- Rent on the lease, a month
- $4,000
- Less taxes and insurance
- −$920
- Left to carry a loan, a month
- $3,080
- Your tenant
- the reason it works
The most the rent carries$630,000
A loan of about $440,000 plus about $190,000 of our own cash. A ceiling, not an offer.
Your tenant
Your tenant is the reason it works.
The lease survives the sale. Selling alone is not a reason to evict. We never ask you to empty it.
- Do I have to get my tenant out first?No. We buy it with the tenant in. The lease comes with the house.
- Will they lowball me because of the tenant?A flipper might. Our sum needs the rent, so your tenant is the reason it works.
- Do I have to tell my tenant?Not to get a number. We price from the lease and the rent.
What we buy
A short list, on purpose.
We would rather tell you no today than waste three weeks of yours.
- Rented housesSingle-family houses that are rented, or ready to be.
- Seven countiesLos Angeles, Orange, Riverside, San Bernardino, Ventura, Kern and Santa Barbara.
- Tenant in placeThe lease and the tenant come with the house.
- Inherited rentalsSettling an estate? Read this first.
- Lots and teardownsPriced from the house that can go on it. How we buy land.
- Not for usA home in foreclosure the owner lives in, mobile homes, or a house the rent cannot carry.
How it works
Three steps. Stop at any.
- Send the address and the rentTwo lines. Nothing signed, no credit checked.
- A written offer in 24 hoursWith every line of the sum. If the rent does not carry it, we say why.
- You pick the closing dateNo fee to you. We pay the closing costs. The tenant stays.
Sell your land
A lot is priced from the house it can hold.
We price a lot from the home that can legally go on it. Then we read the code for your parcel.
Buying, not selling?
Tell us your buy box.
Builders get lots with what can be built on each. Investors start from their budget, and we take it from lot to keys. We never pool anyone’s money.
Questions
What landlords ask before they sell.
Can I sell my rental property with the tenant in it?
Yes. The lease comes with the house, and your tenant pays us instead of you. Read selling a house with a tenant in California.
I inherited a rental. Can you buy it?
Yes. The person with the right to sign can sell it, tenant and all. Read selling an inherited house in California first.
Do you charge a fee?
No. No commission and no fee. We also pay the closing costs.
How fast do you close?
You pick the date. The written offer comes within 24 hours of the address and the rent.
What about taxes on the sale?
Ask your CPA before you sign anything. We do not give tax advice.
General information, not legal or tax advice.
Send the address and the rent.
A written offer in 24 hours, every line shown. No fee, and your tenant stays.
