Seller has tenants should I still try and wholesale?

Question

Hello all!

I’m trying to get my first wholesale deal. I have been making inquiries about buying and speaking with sellers. Came across one that may be interested but they currently have tenants. Would that still be a good deal? Once the seller mentioned that I honestly was stumped and didn’t know how to respond and just told them I will run my numbers again (I didn’t know what to say) and give them a call. Thank you in advance for feedback.

Teonia Riley · Answer

@Kody Crittenden

One more thing Kody -

For more info look up Jerry Norton (he has a video on wholesaling deals with tenants) and Ask Flip Man on YT - your bound to close a deal watching their videos! Legit information, very very helpful!

Nicole Heasley Beitenman · Answer

I don't wholesale, but my gut tells me that people will overlook inherited tenants if the deal is good enough.

Teonia Riley · Answer

@Kody Crittenden

And Ask Flip man is amazing too! I use his contracts and tweak anything if needed. He even walks your through it all for free!

Kody Crittenden · Answer

@Teonia Riley thank you for the tips. Yes I watch Jerry he’s the reason I made it to this point. Very knowledgeable guy!

Teonia Riley · Answer

@Kody Crittenden

I’ve still wholesaled a deal with tenants and let the investor know that it was occupied. That particular investor wasn’t concerned about that, he was more concerned about the numbers and repairs. If the price is right and good location - I wouldn’t worry about it. Just always be honest with the end buyer, you never know what their willing to teach you or consider.  I understand every market has its diversity. But this is from my state speaking on my experience. Hope this helps.

Seller has tenants should I still try and wholesale?

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