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Sale and rent back is a form of property transaction involving the expeditious sale of an owner occupier's residence to a landlord or property company and renting it back from the new owner. This may be done by the occupier to release equity from the home without them having to move out, but there are risks and disadvantages for the occupier.
The house is on the market for $299,999. View the entire listing in all of its absurdity here . Check out this other southern home in Georgia with some pretty interesting decor:
Hueytown is a city in western Jefferson County, Alabama, United States. It is part of the Birmingham metropolitan area, and was part of the heavy industry development in this area in the 20th century. The population was 16,776 at the 2020 census. [4] Hueytown was the home of the Alabama Gang, famous in NASCAR stock car racing.
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .
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Property owners have direct control over the management and operations of their property. The disadvantage is initial investment cost. Purchasing a rental property is typically more financially costly than, for instance, investing in stocks. Rental income is generally considered passive income only when it has not turned into an everyday job. [8]
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