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Updated almost 7 years ago on . Most recent reply

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34
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3
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Sean Dean
  • Greensburg, PA
3
Votes |
34
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wholesaling prop with tenants

Sean Dean
  • Greensburg, PA
Posted

Hello Bp, 

I am a newer wholesaler in Greensburg, Pa. I came across an absent house so I called the owner. She wasn't interested in selling the property but had another not too far away that she has been looking to sell. It seems like a good deal, house has had multiple updates recently, in a good area, no mortgages, but the only problem I have are tenants in the property. Is it possible to wholesale a property to an end buyer with tenants already in the property? How should the contract be structured? Any advice is helpful. Thank you

Most Popular Reply

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63
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17
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Darron Washington
  • Specialist
  • Phoenix, AZ
17
Votes |
63
Posts
Darron Washington
  • Specialist
  • Phoenix, AZ
Replied

@Sean Dean few options do the current tenants want to stay? are they prepared for possible rents being raised? you really don't provide much info but in a nutshell it is possible to structure a contract for tenants to stay or not. all depends on the end game which you never mentioned. Good Luck

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