In escrow for a duplex in South Pasadena with Tenants

In escrow for a duplex in South Pasadena with Tenants

San Diego, CA · Member since 2016 · 5 posts · 1 vote

The seller is in the last few days of the 1034 exchange and they need to close quickly and therefore cannot deliver the property vacant.  Unfortunately, there are tenants still living on the property and they lived there for almost 20 years.

My intention is to close on the property, renovated it and move my family into the property.  Are there any risk you guys see with me purchasing the property?  I am going to serve the tenant a 60 day notice right after I remove my contingencies.

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  • Whittier , CA · Member since 2013 · 176 posts · 96 votes
    8y

    Nope.

    Worst case you may have to evict.

  • Property Manager · San Bernardino, CA · Member since 2014 · 473 posts · 238 votes
    8y

    Did it say in their contract that the units would be delivered vacant? Worst case scenario, you pay a lawyer $2,000 to serve and evict both tenants.

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