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Wholesaling

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Corey Rippeto
  • Wholesaler
  • Salisbury, NC
11
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34
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Wholesaling Property with Tenants?

Corey Rippeto
  • Wholesaler
  • Salisbury, NC
Posted Dec 17 2019, 08:49

There's a property I could get under contract for $70k. The numbers on it aren't bad (ARV $225k/Rehab $60k), and I could do a wholesale on it.

There's just one thing keeping me from sending my offer.. It's being rented and the tenant has a lease until September, 2020. 

I haven't dealt with wholesaling properties that have tenants in them. So, i'm wondering.. What should I do in this scenario? Should I just not even worry about it and proceed to lock it down? Or might that be a turn off for buyers until closer to the end of their lease?

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