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Multi-Family and Apartment Investing

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Joshua Massarini
  • Union Springs, NY
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Househacking my first property

Joshua Massarini
  • Union Springs, NY
Posted Oct 17 2017, 20:25

Hi, my name is Joshua. I'm purchasing a triplex as my first property on the hope of househacking to get the ball rolling. I was scheduled to close today, however my attorney said that 2 of the units are not up to date on the rent. He did not have my additional information so far. Currently, my real estate agent has advised me to wait for the seller to evict the tenants and request the tenants security deposit to cover my loss in income. 

I'm would not have co.e up with this plan myself so I am wondering what other alternatives may be available.

Also would anyone recommend pulling out and cutting my loses since there are already problems with the property's tenants.

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