Is it okay to have a property up for sale and rent at the same time? Is this a good idea?

like
Posting as :
works at
You are currently posting as works at

If it is a commercial property, why not? If this is a single-family home, also why not? You could in that situation do owner financing.

Imagine signing a new deal to rent the property the week before the buyer for the property comes and makes an offer.

Unless you sign a month to month rental agreement you could potentially be screwing yourself because now the buyer has to honor the existing rental agreement.

I avoided doing this out of the potential damages vs. profit consideration. Plus based on the duration expected to sell the property it did not make sense to have someone have not only an inconvenience of moving in and out but also having to accommodate showings as well.

Not to mention the smaller pool of buyers.

Related Posts

One of my big hang-ups with biden tax plan is raising corporate tax across the board. Why raise taxes on businesses when we've just found out how fragile it is to be able to run a small business?Why not at least propose some kind of progressive corporate tax structure if you want to raise taxes on corps?

likesmart

I need your advice and assistance to choose between 2 options. I have two job offers one from India and another from Amsterdam. I am confused about choosing among them.
1. In India my gross would be 69 LPA along with my spouse out of which we save up to 20 LPA per year.
2. In Amsterdam, my gross is 86K including holidays allowances and stock options. My spouse is searching for a job. she might get 65K in the coming day.
Considering the 5yr horizon. Need your help to decide on the options.

likeuplifting

What is the best performing NPS available on market. Let's assume that I invest 50k per year for tax saving, what could be my retirement benefits out of this(30 yrs of investing). Please help me with calculation and suggestions.

like

Inflation post covid—19 .. thoughts? I am really worried considering the prices from housing to basic needs in major cities are already not affordable for most middle class families.

likehelpful

What did you do with your RSU’s after it vested? Did you keep it or was it sold and reinvest to another stock/fund/etf?

Planning to move to NYC in the upcoming months and want to prepare myself for the competitive apartment market. Is there a need or benefit to having a guarantor if I meet the 40x salary and credit score requirements?
Also would love any other suggestions or tips!

like

I handleda very difficult and convoluted succession for a black family. My client was astute and intelligent. We got along great. His family was difficult. Willfully ignorant.

Part of the succession dealt with clawing back $450,000 in insurance proceeds that a niece fraudulent received from the decedent by making herself the beneficiary on policies. A separate attorney was hired to handle that part before I was hired to handle all other matters, including settling a $500,000 debt with the...

like

What’s a reliable crypto broker that some would recommend? I’ve been using Coinbase Pro but I’m worried to keep investing with them because of their non existent customer service and if I might need support I probably won’t get help

like

Anyone with experience in the short term rental space willing to connect?

I was in the market for a first time home in New York but the market and rates got too out of hand. Recently pivoted to a few out of state options for an STR and would love to learn from someone who's set one up.

Thanks!

like

Hey beautiful people,
I’m 27Y and work in tech. Unfortunately my carpal tunnel is getting worst slowly. I’m worry that I still have like 45 years more to be retired and can’t stop working because I have a f* mortgage to pay 😭 I have a super ergonomic workstation, but I know my hand needs a long rest, and I can’t do it… Does anyone relate? What do you recommend?

like

Is it too late in our lives to jump into a mortgage?

So my fiancée and I are relatively late in terms of finally landing well paying jobs and being able to save money instead of living paycheck to paycheck. We’re both 36 and currently rent a 2 bedroom in NY and have a combined savings of $35,000 which she wants to use as a down payment on a condo. I kinda just wanna continue saving while renting. I also literally just started contributing to my 401K so I’m also late in the game for that too.

helpful

Anyone have a good online calculator or way to adjust their W-4 towards the end of the year so they don’t get slammed with a high tax bill? I know I’m too late for 2020, but curious for next year...I got slapped with a 6-figure tax bill last year. 😑 My wife and I made adjustments to our 2020 W-4s, but afraid it wasn’t enough.

like

Investing noob. Just started putting money in back door Roth IRA. Have been losing money each month. I thought the market was doing well… what gives?

like

How do people increase their credit score? Mine’s only around 790/770 for transunion/equifax respectively and its been like that for a while now. I have 100% payment rate, only 3% credit utilization, and 0 hard inquiries for the past 6 months or so. So far I only have credit cards, no loans yet. Thanks in advanced!

likehelpful

I have $1000 worth of Amex gift cards. How can I drop it in crypto?

Does the employee get both the employer and employee contribution to PF or only own contribution to PF?

like

So BDO doesn’t match 401K until 1 year of service..?

like

What is personal independence??
Why Pwc asked me to fill all investment details for me and my dependant.
Can anyone please help me on this ??

@pwc

like

I'm from Baltimore, and lately, we have had a crazy buying spree, I mean I have sold the same property 2 times in less than 2 weeks, and the person who bought it immediately put it on the market and made an average of $25k in less than 5 days. Many reports show that investing in Baltimore and Philadelphia is the future, I don't doubt it. What is the fastest you have ever resold a property?

like

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

More Posts

Attorney 🐠 - my female SO is moving over to big law in the coming weeks. Need ideas on gifts. Any suggestions? Thanks in advance!!

like

From Paris Hilton to now Tom Brady ...

Post Photo
like

How to promote the automation culture and documentation culture? I find it hard to give boni for automations since
a) the amount of automations isn't the amount of saved time
b) the amount of saved time is hard to be tracked for a single automation

And how much everyone hates documentation is well known.

Does anyone know better metrics or good incentives?

like

Hello fishes, I am not able to understand why D&A competency in TC is doing EPM implementation projects using Oracle. When there is a dedicated competency for Oracle ERP implementation. Anyone having some idea please help understand this.

like

What is the salary for Cloud expert in Government at PwC and anyone can tell about their experience in this role.

I'm looking for a job change in UX/UX designer role ,
Year of experience - 1.6
Preferable location - Chennai, Bangalore

Pro tip I wish I received: when lateraling back up your phone before leaving so you don’t lose it’s contents when your previous firm remote-factory resets the device.

likehelpfulfunny

Idk, maybe it’s time we bring these engineers and techs down. If my 🧠 links to a 💻 , all of my non-billable work will come to light. 😤

Post Photo
like

Can I waive into other UBE jurisdictions using my NY UBE license at any time? Or is there an expiration date for my bar exam score, after which point I won't be able to waive in?

like

Uh, Discover? ... “Hello”?

like

Hi All,

Any openings for Documentum Admin at pune location ?

Are there any roles for non technical people at companies like Mastercard and Visa?

Currently I am working at a Fintech product company.
MBA with current package of 11.5 lpa
And my skill sets include SQL, ms office, data analysis, data mining, SAS, Hive, Power BI
Mastercard

Hi All.. I need a referral for my brother in mastercard. Can anyone help with the same?

like

Hi folks!

Currently interviewing with Mastercard data and services for the consultant role.
Wanted to enquire about the travel opportunities in this role, be it within India or outside. I personally enjoy travelling and have travelled quite a bit during my consultant stint previously. However, not sure of what the norm is within Mastercard.

Thanks!

like
like
like

Anyone going to Countdown NYE this weekend? I’m going both days and would love to meet some new friends!

like

How much do Pharmacy Assistants get in Ontario?

Any recommendations for next steps or areas to grow for a partner success manager? Recommendations on industries to look at?

like

Does anyone have a recommendation for a good OB in NYC?

like

Additional Posts in Real Estate Professionals

How to prepare for a real estate investiny case study / memo interview? Apparently the case is light on financial modeling. Thanks!!

like

Has anyone done a PCNA assessment before for a job interview? Pretty much I ace this, the job is mine. Stressing because I’ve never done one before 😰

likehelpful

Is the RE job market tough right now? Having very little traction in getting interviews. Seeking RE development roles mainly.

like

I am currently overseeing the Americas/Layan real estate portfolio of a big consulting firm, based in New York City. Aiming to move as I have been here for a long time and learning curve is fairly flat. Any ideas of comps with other corporates? Have 15+ year experience in real estate

like

Expected pay for an Investments Analyst in NY? (Large REIT, 1 YOE)

like

Hi experts, in a multiple offer situation for my property with all contingencies waived. I want to add a ‘no repair by seller’ clause to ensure buyers don’t negotiate during their short due diligence. Pls advise on what to ask from their realtors?

like

How competitive is this offer for the Southeast? Received an offer for $80k with 10k OT/Bonus for an investment analyst role at a fee for development firm in a LCOL city in the SE.

Currently making $80k, no bonus in a HCOL with mixed growth opportunity.

Have 1 yoe CRE, 1 yoe analyst pension consulting, and 3 yoe business development.

like

Now that’s what I wanted - good bowl. Come on real estate folks!

like

Incoming offer from a REIT as an acquisitions analyst in the Carolinas. I have 2 YOE. I’m hoping for 85K + ~30K bonus range. is this feasible? or should i expect something lower?

like

Looking to buy my first property by 2024, and I am going to start researching now. What are the initial steps that people would recommend?

For reference I have very little knowledge and am in between air bnb and buying a duplex then renting out the other side. Open to suggestions/what others have had success with.

like

$8700 seem right for landscaping? Includes front and back lawn each over 1000sq feet. Will install brand new sprinkler and drip systems. Will replenish all grass. Trim a massive magnolia. Install two planters in backyard and front with all new plants and flower. Will create walkway user benderboard From the front door to the gate. Will put gravel in walkway on side of house. Will replenish existing planter in front of house. Will install privacy trees between our house and neighbors .

like

Good morning everyone!
I am currently looking into switching careers and going into real estate. Does anyone have any advice/tips on the best way to start the process? Thank you!

like

Considering getting my license and starting off as a real estate agent. I've always loved real estate, house flipping, interior design. What can I expect as income and time commitment as a brand new agent with no book of business? How hard is it to get established and become well known in my area? I'm in the Bay Area. Anything else I should know before I quit my job and persue this dream?

like

Any resume writers who specialize in real estate ?

like

Hello,
Does anyone have advice for someone looking to purchase their first investment property? Maybe something you wish you knew before buying yours etc. I’m looking at single families

like

Anyone work for Quadreal property group in Vancouver? A recruiter reached out to me with a $95k salary in finance, plus bonus. Wondering if the culture is good or if they are paying for people to stay.
Thanks for insights

like

Any advice on which career path would lead to better lifestyle work wise and earning potential… starting out as a CBRE Investment Banking Associate vs Investment Sales Associate. Thanks for input
CBRE

like

What's the quickest way to market a property for rent other than listing it on MLS and all the websites? Should I list on Craigslist and marketplace too? Anything else I can do?

like

Anyone have experience working for or with Brookfield Properties? Specifically their retail group.

like

Hello fellow Fishbowlers! Anyone know of any Scrum Master Real Estate Tech roles open?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal