Purchase house to flip with tenants inside
Seller distressed and willing to sell his property for 22% discount, however his family is living inside rent-free. Yes, I know California is very tenant friendly. And yes, I know many of you would not do the deal as a result. However, for the rest I am looking for potential solutions to this situation. Thank you, Dave
Most Popular Reply
I would recommend the cash for keys coming from the current owner and then you compensate the seller for that cash at closing when they deliver an empty house for you. If they can't/won't do that then I would go the cash for keys route yourself after the fact. Be sure to no only account for the cost of the cash for keys but your additional holding costs while you have to wait to get them out. Best of luck.
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