Buying a property with tenants during the eviction moratorium.

Buying a property with tenants during the eviction moratorium.

Investor · New Orleans, LA · Member since 2012 · 51 posts · 29 votes

Since the eviction moratorium is in place, how are you buying properties with tenants in place who are not paying?  You can't evict to do repairs and you can't increase the rent if the tenant isn't paying anyway.  This will kill cash flow right off the bat.  It seems like the best thing to do is buy a vacant property so you can get in there and do what you need to do to turn it over. But I'm hesitant to buy properties with tenants in place who aren't paying. 

Any advice? What's your strategy on this? 

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  • South Plainfield, NJ · Member since 2014 · 50 posts · 11 votes
    5y

    obvious to me the government is trying to use this as a way to kill off the private wealth building investor

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