Updated over 3 years ago on . Most recent reply
Need help on writing an offer
I'm a newbie still working on getting my first rental. My property manager brought me a great off market deal. The purchase price and rehab combined make 70% of the ARV - perfect BRRRR. It's in the neighborhood I've been marketing to. The catch is that the owner is in the eviction process with the current tenant. How do I write an offer contingent on the successful eviction of the current tenant? I'd like to get the property under contract but also want to protect myself from buying a problem.
Most Popular Reply
Just make the offer contingent on the property being "delivered vacant". Something with that language should be fine.
I'm not a lawyer, but your agent should be able to help with this language.