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Updated over 4 years ago on . Most recent reply

User Stats

22
Posts
6
Votes
George Cummings
  • Investor
  • Columbia, MO
6
Votes |
22
Posts

Looking at purchase a SFH with an exsisting tenant

George Cummings
  • Investor
  • Columbia, MO
Posted

I am in the middle of negotiations on a single family home from en estate sale. There is a tenant currently living there with there lease not ending until September with the current owner. They are way under renting for the market. The house needs some work and I want to brrrr it. I really want the tenants to get out as soon as I purchase it, but I don’t know if I have to keep the lease even though that is with the current owner. I don’t really want to wait until September and also then what if the tenants don’t want to leave?

Any advice would be appreciated.

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