Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on .
Most recent reply
presented by

Overdue Rent on Newly Purchased Property
Hello all
My partners and I just purchased two 4-family homes in Houston, TX. As it turns out, there is overdue rent owed on both properties. Is this rent owed to us, the new owners, or the previous owner who sold the property. On one hand we bought the property, for all its risks and all its benefits and on the other, it was initially owed to the previous owner but perhaps was one of the reasons they chose to sell. Curious as to who is owed the rent in this situation and the legality of it all. Thanks!