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Updated almost 10 years ago on . Most recent reply

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Victor John
  • Real Estate Professional
  • Havertown, PA
0
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tenant occupied wholesale offer?

Victor John
  • Real Estate Professional
  • Havertown, PA
Posted

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

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