Something to worry about?

[Sharad M.]

Hello all-

I talked to a seller this afternoon regarding a property. The seller has a 4 unit building. Each unit is 1 bd/1 ba, and each of them is rented out.

One thing I thought was kind of interesting was that the seller mentioned that when I come over to look at the property, he will tell the tenants that I am looking to paint the place. Is that something that will raise a red flag? Any thoughts on this will be much appreciated.

[Jon Holdman]

Not unusual to have some story for the tenants when bringing a potential buyer though the place. Tenants might get freaked out when you tell them you're selling.