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Updated 5 months ago on . Most recent reply

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James McGovern
  • Flipper/Rehabber
  • Bloomfield CT
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Turning foreclosures into tenants

James McGovern
  • Flipper/Rehabber
  • Bloomfield CT
Posted

Are there successful business models for buying foreclosed properties and turning occupants into tenants? Foreclosure activity will grow in 2026 and I want to understand how to exploit.

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Mike Kirby
  • Rental Property Investor
  • New Braunfels, TX
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Mike Kirby
  • Rental Property Investor
  • New Braunfels, TX
Replied
Quote from @James McGovern:

Are there successful business models for buying foreclosed properties and turning occupants into tenants? Foreclosure activity will grow in 2026 and I want to understand how to exploit.

Why would you want someone that doesn't pay their own mortgage as a tenant? Do you think they will miraculously turn into people that pay their bills? Get rid of them. Do any upgrades needed to the property. Get good tenants using a qualified PM that screens tenants really well. Life will be so much easier for you that way.

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