Occupied REO in SF

[Sam Liu]

Has anyone here dealt with occupied REOs in San Francisco? I'm curious about how challenging it is to take ownership of these properties given the city's tenant-friendly policies. Any insights or experiences would be greatly appreciated!

[Alan F.]

Quote from @Sam Liu:

Quote from @Alan F.:

Quote from @Sam Liu:

Has anyone here dealt with occupied REOs in San Francisco? I'm curious about how challenging it is to take ownership of these properties given the city's tenant-friendly policies. Any insights or experiences would be greatly appreciated!

 Personally I wouldn't buy any property occupied, I'm interested in the asset itself and will decide how I operate said asset.

What is the main reason that you wouldn't buy any occupied property? 

 CalifCalifornia is so tennant friendly that I lose control of an asset that I purchased

If I'm going to rent it the lease agreement wasn't of my doing.

If I'm flipping to sell (my primary focus) there's someone living in my construction site.

Bottom line, I'm buying a house, not a Tennant, squatter or whatever. Over the years you'll decide which battles you'd like to fight.

I approach active investing like a business, 1 of many S.O.P.'a are a vacant house, the minute its mine I change out all locks and secure the premise.