Updated over 1 year ago on . Most recent reply
20 year Property Manager
Wading into the property investment waters. I know this is a new member intro. but I need advise on a home purchase. We found a single family house that is $260,000 below market, after further inquiry, we discovered the house has a renter which the seller wants the new buyer to evict. The house looks abandon and in need of some repair from what can be seen from the outside ( can only imagine the inside). I don't know the detail as far as the tenant paying rent or not, if there's a lease contract etc.
What questions should be asked before buying this investment opportunity?