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Updated over 9 years ago on . Most recent reply

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12
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6
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Kaleb Packer
  • Real Estate Investor
  • Mansfield, OH
6
Votes |
12
Posts

Would you buy a property to flip that's tenant occupied?

Kaleb Packer
  • Real Estate Investor
  • Mansfield, OH
Posted

Hi fellow BP nation,

I have (what seems to be) a pretty good deal that I intend to flip, but there's one catch... it's currently tenant occupied. The tenant is month-to-month and the seller is willing to issue a 30-day notice, but they want to close before the tenant vacates the property. I am paying cash so I have the flexibility to close quickly, but I'm not sure that I should. The listing agent made it clear that the seller wants out now and that they won't be willing to wait until the tenant leaves. Should I take the risk of buying the property occupied or walk away if the seller still refuses to wait until the tenant vacates?

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