Sale-Leaseback Buy Box info

Metro: Dallas

Target Buy Box

The preferred criteria for a Sale-Leaseback

Purchase Price Range:

$175,000 - $400,000

Bedroom Count:

3 or more

Property Sq. Ft.:

1,050 or more

Lot Size:

Less than 1.5 acres

Property Type:

Single-Family

Minimum Lease Length:

12 months

Eligible counties

Dallas, Denton, Tarrant, Ellis, Parker, Wise, Collin, Rockwall, Kaufman, Hunt, Johnson

Lead Share Program

Truehold's innovative Lead Share Program offers realtors a unique advantage. Realtors who provide qualified sale-leaseback leads will receive leads from Truehold that weren't a fit for our sale-leaseback, reinforcing our commitment to balanced, mutually beneficial partnerships.

Negative Investment & Property Characteristics

Leads with any of the following characteristics are likely to result lower conversion or the Acquisition Team declining to offer:

Property Tax ratio 2% or higher (Annual Property Taxes / Property Value)
Well & Septic Tank
Foundation Deficiencies
Inground Pools
Above ground pools (generally require added security deposit)
Flood Zone
Solar Panels
Boarders commercial or apartment buildings
Multiple deserted houses on block
Garden apartment style condos
Condos with HOA fees over $1,000
Homes without garages if required by municipality
Open liens or ongoing litigation related to property if not cleared/resolved before or on closing date

Disqualification Investment & Property Characteristics

Leads with any of the following characteristics do not qualify for an offer:

Homes with ongoing or uncompleted construction projects
Inground Pools if value < $200k
Solar panels if a lien exists and cannot be cleared before or on closing date
Active Bankruptcy (only exception is if it's Discharged before or on closing date)
Two-Family Homes
Converted Duplexes

Leaseback Terms & Tenant Requirements

Buyer and Seller shall enter into a leaseback agreement at the time of closing at the following terms and conditions:

One (1) year initial term
Annual renewal options with rent increases capped at greater of 2.5% or CPI for first five years
Seller/Tenants are required to complete a tenant qualification application
- Standard Qualifications - Minimum 600 FICO & 3x Income/Rent Ratio
- Tenants that do NOT meet Standard Qualifications will be considered with additional security deposit or prepaid rent reserves.