tenant occupied wholesale offer?
hey everybody I have a question regarding wholesaling tenant occupied properties ,I am farmiliar with the 70% rule on distressed properties but I can imagine that wouldn't apply to a house that is already tenant occupied .With this being my first possible deal I got a call from a landlord who has 2 rentals and wants to get rid of them here are the numbers
asking price 40k 1030/month on rent tenant has been there for 8yrs
comparables 45k vacant
for those with experience wholesaling tenant occupied how do you come up with your numbers