Interested in doing a brrrr. Finding some deals but they come with tenants. Can I still brrrr? or should I walk away from deals with tenants?

@Simon Obas I did a BRRR with 3 duplexes that had tenants in them. The previous owner was a slum Lord and they were living is horrible conditions. I decided to move them out and even offered to help them. Some stuck around and waited in the renovation to be done and got first dibs on the unit. In your case, you can always empty one, renovate it and see if the other tenant wants to move into that one. Then do their unit once it's complete.

@Simon Obas Once I bought a duplex with month to month tenants at $650 and served them with non renewals within 60 days. Then I rehabbed then and re rented at $900. I still feel rotten about kicking them out. Maybe I should've raised for rent some first and waited for them to leave. What you do depends on your goals and how far rents are from market. But remember these are people's homes we are dealing with,, be nice.

vacate one unit, rehab it and by then the other lease will come due. Then do that side.

@Simon Obas, having tenants in a property can actually be the best way to brrrr if there is a lot of equity in the property if it doesn't need work. You could pay cash or get a bridge loan, refi at the current ARV, and then keep the property and you already have it rented. If there is no equity, not so much the way to go but then who wants to buy a property with no equity, right?

@Chris Potter thank you for responding. Quick question, what if the house does need work? I have a deal with a duplex at the moment that would be great, and I will be getting it for a very cheap price. There is one tenant that is month-to-month so I’m not worried about him. The other tenant is there till June. Do I get the property and just sit on it? They were asking for 260, and then brought the price down to 245, and I offered to 210k.

How do you brrrr a property if a tenant is living in it? How do you brrrr a property if a tenant is living in it?

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How do you brrrr a property if a tenant is living in it?

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