Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

23
Posts
7
Votes
Pedro Amador
  • Flipper/Rehabber
  • Dallas, TX (dallas texas)
7
Votes |
23
Posts

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

User Stats

102
Posts
71
Votes
Erik Checkur
  • Real Estate Broker
  • Denver, CO
71
Votes |
102
Posts
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!

Loading replies...