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Updated about 7 years ago on . Most recent reply

Which one would you choose?
Is it better to buy a property with tenants already inplaced by the previous owner or find a property to use the BRRR strategy? I understand that with tenants, I should take into account the cost of rehab once the tenant leaves and for the other the cost of finding new tenants. I'd like to know your thoughts on this subject. Thank you!
Most Popular Reply

I prefer vacant properties to be able to place best quality tenants based on my standards. Unfortunately the vast majority of landlords do not screen very well and rarely understand human nature. This is not to say that they have not placed a good tennat and would not rule out a inherited tenant. I would however thoroughly investigate any tenants record. I dislike have to train another landlords poorly trained tennats.
Bottom line is do your due dilligance and be prepared to replace any inherited tenant.