Help! Would you buy a property with uncooperative tenants?

[Julien Anaya]

I have the opportunity to purchase a property at a big discount ($220k purchase - $310k ARV). The house has uncooperative tenants, and I can't see the property. I would purchase subject to interior inspection, so I can calculate the rehab after seeing the property, but what kind of headache am I getting myself into? The idea would be to evict, flip, and sell the property. Thanks!!

[Peter Mckernan]

Originally posted by @Julien Anaya:

I have the opportunity to purchase a property at a big discount ($220k purchase - $310k ARV). The house has uncooperative tenants, and I can't see the property. I would purchase subject to interior inspection, so I can calculate the rehab after seeing the property, but what kind of headache am I getting myself into? The idea would be to evict, flip, and sell the property. Thanks!!

 The one big thing that you'll need to investigate is why they are not paying, if it is for a job loss/not paying due to the pandemic, then the restrictions for evictions are steep and you need to make sure there is a big spread for the cash for keys. If it's due to nothing that has to do with the pandemic you have more of a leg-up on evictions, and I would consult the eviction service office in Redlands on Colton Ave. They are a great resource and we have had to use them before, they'll fill you in more on the info for your situation for the current laws.