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Tax, SDIRAs & Cost Segregation

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Adam Heseltine
  • Flipper/Rehabber
  • Brighton, MI
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Targeting a SFH (Tennant Occupied on Month - Month)

Adam Heseltine
  • Flipper/Rehabber
  • Brighton, MI
Posted Oct 28 2020, 18:39

I have located a SFH that I want to purchase for a fix & flip. The home is tennant occupied on a month to month term currently.

What are my options to purchase this home and make sure the tennant is out? Can we draft a PA which calls out the tennant to vacate the home prior to close? Giving the tennant reasonable time to do so (30 - 45 days).

My concern is closing on the property and having a challenge to get the tennant to vacate. I want my contractors in the house the day after I get the close - not spending my time trying to legally remove a tennant.

Would greatly appreciate any ideas or strategies for this.

Thank you BP community.

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