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Hoai Nguyen
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7
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Buying a tenant occupied flip

Hoai Nguyen
Posted

I am buying a flip house from a wholesaler. There is a tenant in the home, no written lease. The tenant wants to stay 2 weeks post closing in order to get all of his stuff out. The house is a foreclosure so we cannot extend closing date. What can I do to ensure there are no surprises after closing and avoid a costly eviction? I got an estoppel agreement filled out to figure out lease terms, etc. I also got a written and signed agreement from tenant that is notarized for him to vacate on or before 2 weeks deadline after closing. 

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