Wholesaling property with tenants
Is it a good choice to wholesale property with tenants inside?
Most Popular Reply
I would say... it depends.
A wholesale deal is still a type of real estate transaction where the seller is going to be selling the house. The seller always has full rights to sell their property whenever they would like, however, depending on state laws, the tenant may have rights to have their lease terms honored by the new owner. I would just make sure you disclose to any potential buyers that there is a tenant living in the house at the time, and whether or not their lease terms need to be honored.