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Updated about 3 years ago on . Most recent reply

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Pedro Amador
  • Flipper/Rehabber
  • Dallas, TX (dallas texas)
7
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23
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45 day leaseback? Is this too much for a first timer

Pedro Amador
  • Flipper/Rehabber
  • Dallas, TX (dallas texas)
Posted

I have a potential deal but the seller is saying 45 day the bay so this week I won’t be able to get into the property to even look at it for 45 days right?  
This will be my first flip

Most Popular Reply

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102
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71
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Erik Checkur
  • Real Estate Broker
  • Denver, CO
71
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102
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Erik Checkur
  • Real Estate Broker
  • Denver, CO
Replied
Quote from @Pedro Amador:

I have a potential deal but the seller is saying 45 day the bay so this week I won’t be able to get into the property to even look at it for 45 days right?  
This will be my first flip

Yes, basically that’s how it works. Something you can do is talk to them about doing some light work, maybe on the exterior of the property as to not disturb them while they gather their things to move. Just make sure you get a security deposit since on occasion people tend to stop caring about a house so much when their names are no longer on the title. That means a final walkthrough before you close, then walkthrough again on move out day. Any questions send me a personal message!

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