I hear landlords are dumping their rentals due to tenants not paying because of Covid. Does anyone have any insight on this? I have two properties i plan to purchase next month. Thank you for your response.
@Boukari Harris if the numbers work it is always a good time. You can verify that rents are being paid by examining the financial records of the owner. T12 is a good source. Also get Estoppel certs signed by LL and tenant. Get the leases and have the property inspected. See the inside of every unit accept no excuses. Make sure the seller pays you any money for deposits and advance rents etc at closing. Unless you have a lot of experience with RE transactions use a buyers agent. Don't trust the seller or their agent. All the best!