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Rental with Tenants • Westside, Springfield, MO
A retiree owned a duplex in Westside for 25 years. Both units were rented, but one tenant was behind on rent and the building needed a new roof and updated electrical. The owner was tired of being a landlord and didn't want to deal with evictions, showings, or repair negotiations. Traditional buyers and lenders balked at the tenant situation and deferred maintenance.
We bought the property with tenants in place. No evictions required. Our Open-Book Certainty Offer™ included our estimated cost to assume the leases and address the roof and electrical work. The owner accepted, and we closed in 21 days. We took over landlord duties at closing.
The seller walked away with a clean break and no more landlord headaches. We closed on schedule, assumed the leases, and completed the repairs after taking ownership. The owner said, 'I thought I'd have to evict someone and fix everything. You just took it. Best decision I made.'
After-Repair Value (ARV)
$150,000 (after repairs)
Estimated Repairs
- $30,000
Our Cash Offer
$75,000 (70% of $150K minus $30K repairs)
Days to Close
21 days
Formula: 70% of ARV minus repair costs = our offer. As-is value estimate: $90,000–$100,000 (as-is, tenant-occupied).
This case study reflects our Open-Book Certainty Offer™ in action: we showed the seller exactly how we calculated the offer, 70% of after-repair value minus estimated repair costs. We locked the closing date in writing and stood behind our No Surprise Pledge. No re-trades, no hidden fees.
Ready for the same approach? Get your Open-Book offer.
Transparent numbers, a real closing date, and no surprises. See what your house is worth today.