Purchasing rentals from a notorious/infamous investor

4 Replies

Hi all. An interesting topic. I have been seeing a lot of well priced multifamilies on mls coming from one particular seller. I got curious, so a quick search of the name came up with 10+ articles talking about how this person was fined over 100,000 for various violations. Also a lawsuit. Then more about how neighbors complain that he has run the area down owning 80+ rentals and allowing apparently a lot of criminals to be his tenants... There is one article that even quotes the mayor complaining about him... for a while i was pumped about the low prices, thought maybe he was someone just looking to move up/consolidate but now... lol. Any advice or suggestions?

Im thinking along those same lines.... i think. Wondering if there is something i should watch out for

Originally posted by @Erik Pfundstein :

Im thinking along those same lines.... i think. Wondering if there is something i should watch out for

 Sounds like the tenants will be tough to get rid of if they're a lot of criminals. That shouldn't stop you, just something to look out for. I'm sure he has some decent tenants, when/if you look at the houses, make note of any tenants that seem decent and try to buy those houses.