Rental Property Investor · Tampa, FL · Member since 2018 · 52 posts · 42 votes
Hello again BP i just had a quick simple question that i needed help with. I am currently working a deal with a highly motivated seller of a 4 bedroom section 8 condo. She lives in Texas and just wants out of the house. She says the tenants are horrible and have destroyed the place. She also said they haven’t resigned the lease yet, which i feel is a good thing. My question is do you ladies and gentlemen feel like is a deal to try to wholesale a condo? And is removing the section 8 teneant gong to be a hassle for the sale period? Thanks again BP
Do you know what city in Texas it is in? Some HUD offices are better to work with than others. It also depends on what is required to remove the existing tenant.
I don't know about everyone else, but I buy condos as investments. I usually buy them rent-ready, but I'll bet there are some investors out there who would love a condo from a wholesaler.
You may want to prepare a good pitch for it.
My favorite thing about condos is that someone else usually takes care of the yard, parking, exterior, etc... so I have less to take care of.