Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

Account Closed
  • Berea, OH
1
Votes |
9
Posts

Potential Red Flag

Account Closed
  • Berea, OH
Posted

Hello BiggerPockets!

I wanted to reach out for some help about a potential red flag.  I found a home in my target area (Ohio), it is just way overpriced.  It is priced at 157k and was recently bought in 2012 for 70k.  I contacted the Realtor and asked what improvements have been made, and if the current month-to-month tenants are able to move out by time of possession (I dont want to inherent tenants).  The Realtor said there have been no improvements and the owner will not "evict" the current tenants, the new owner will have to.  If a proper contract is in place, the owner should have the opportunity to not renew the monthly lease?  The Realtor said she would be happy to show any offer (If I did, it would be very low).  But is it worth to write an offer and state in an addedum that the property must be vacant of tenants and all possessions?  Or is it safer to stay away from a potential good deal because of the inherited tenants?

I appreciate any help!  Thanks.

Loading replies...