Updated over 12 years ago on . Most recent reply

? about buying home with tenants
good deal upstate NY-2 bedrm house for $22,000. Taxes $5000 yr.
Realtor states tenants pay $1000 month,not sec 8, not includ. utilies.
can i rely on this info? what if turns out to be untrue and rent includes heat ?
how can i verify realtor info? can i ask to see past few months rent checks?
seems to good to be true get my money back in just 3 years!
Most Popular Reply

I agree with Andrea, ask to review the current lease. I would also be prepared to find a new tenant just incase. I bought a property rented with "great tenants", and turned out they were dead beats that I had to evict. Best of luck!