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Updated about 7 years ago on . Most recent reply

User Stats

33
Posts
4
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Justin Pencook
  • Riverton, NJ
4
Votes |
33
Posts

Buying tenant occupied rentals sight unseen

Justin Pencook
  • Riverton, NJ
Posted

Hey BP,

I have sent out my first direct mail campaign and I have been getting a few calls. Today, I spoke with a lady about her single family property that she is motivated to sell. There are tenants in the property currently, and while she told me if definitely needs some work, she was not able to provide any pictures. She did give me some details regarding the roof, but was pretty vague regarding the interior.

My hope was that I could get pictures of the interior so I could come up with some kind of repair estimate. However, if tenants are in place it sounds like I don't have the option to repair the property anyway. 

How do you guys handle a potentially good deal on a rental that is currently occupied? I want to get a property to BRRR, but this doesn't sound like it would work, right?

Thanks,

Justin

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