How to Sell A Tenant Occupied Property. Limit Access

[Johnna Lodge]

I will be wholesaling a property with a tenant.

When taking over a property for sale with a tenant in it, how do you limit the co wholesalers, lookie loos and reserve for real cash buyer? 

With a tenant people cannot come and go as they please to evaluate the property. This tenant is difficult to work with plus the owner doesn't want the tenant to move or loose the income because they are suspicious. I know this one has taken a week to allow access which will kill a deal. I guess i need to write something in my contract that each time the tenant does not allow immediate access then it extends my contract that length of additional time.

I will take lots and lots of pictures.

I know i will have  a lot of co wholesalers and those that will not buy call about this property, how do you market a tenant property and limit it to the real buyer?

I am still working on my vip list of cash buyers. Any suggestions here would be greatly appreciated as well.

Thank you for your help.

[Mike Alder]

@Johnna Lodge 

Hello,

   Your off to a good start by adding that clause to your contract and taking several pictures. Also shoot a video walk through of the property showing EVERYTHING as well as the neighbors houses and what the street looks like. Now when you market the property you have pictures, video and a written description: how many beds, baths, sft, taxes and liens if any. A good way to eliminate co wholesalers and tire kickers is to add that you will need a refundable deposit upfront. Even is its just $500.00 this will show you who is serious and who will waste your time. Hope this helped