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Updated over 12 years ago on . Most recent reply

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952
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507
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Marci Stein
  • Rental Property Investor
  • New York, NY
507
Votes |
952
Posts

? about buying home with tenants

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

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

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74
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14
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Justin Rickson
  • Contractor
  • Northville, NY
14
Votes |
74
Posts
Justin Rickson
  • Contractor
  • Northville, NY
Replied

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!

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