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Updated almost 3 years ago on . Most recent reply

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Jacob Pierson
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Moving out old tenants before purchasing a property

Jacob Pierson
Posted

Hello,

   I am currently looking into purchasing my first multifamily property (duplex) here in the California valley . Currently both side of the unit are being rented out and one of them is section 8. The property is in rough shape and needs to be updated badly. I was looking to owner/occupy but I would need to have both of  the current tenants out so I could complete the needed repairs and updates. What would be the proper way to go about this in order to do this correctly/legally? Any info or help would be much appreciated. Thanks

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Greg R.
  • Investor
  • Dallas, TX
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Greg R.
  • Investor
  • Dallas, TX
Replied

What are the current lease agreements? My understanding is that it doesn't matter if a new owner comes in, you still have to honor the existing lease agreements. 

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