I bought a rental property in Jacksonville thinking it would be a lucrative investment.
I made significant improvements to the house. I remodeled the kitchen and bathrooms, purchased new appliances, painted and landscape. I thought that I’d found ideal renters. For a couple of months, everything went well. Then the rent started coming in later and later. Eventually, they stopped paying altogether. Whenever I drove by, I noticed the lawn wasn’t mowed and there was garbage piled on the porch. The process to evict them took nearly a year. When they finally vacated, I was left with considerable damage. There were holes in the walls, broken windows and clogged plumbing pipes. The appliances were destroyed. There was mold growing in the bathroom, gouges in the floor and missing door handles. I was looking at a tremendous amount of time, aggravation and money to make the house livable again. I just wanted to sell it. Unfortunately, the amount of repairs made passing a home inspection impossible. I just didn’t have the energy to tackle such a big project. I researched different options and decided to take advantage of a cash sale. There are several homebuyers in the Jacksonville area that make offers on all types of homes, regardless of the condition. I read reviews, chose the most reputable and filled out an online form. In less than an hour, I received a reasonable cash offer. I didn’t even need to think it over. I accepted and eliminated the worry over repairs, inspections, listings on realtor fees. The closing happened in under two weeks. It was a huge relief to walk away from the property