Updated about 10 years ago on . Most recent reply
Potential buy WITH Renters
(New Investor - 0 deals)
I'm looking at a duplex that already has renters (both pay $450/mo and landlord PAYS water) (asked next door duplex and they pay their own water and $500/mo)
Unit 1: Just moved in and signed 2 year lease (no auto rent increases included)
Unit 2: Month-2-month, been there 8 years
I think rents can be $500/mo and they pay their own water.
In order to get those rents do I have to wait for Unit 1's lease to expire? Or does change in ownership mean her other lease is void?
I'm assuming with Unit 2 I just let her know what changes are coming and see if she's going to stay?