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Updated about 2 years ago,

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9
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6
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David Travieso
6
Votes |
9
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Buy a tenant occupied property-This newbie needs help.

David Travieso
Posted

Good day BP family. I’m in the middle of purchasing a duplex with one unit occupied and the other I’m going to live in to make it my primary residence so I get a lower down payment.

The problem is, I don’t know how to even begin to discuss the current tenant with the owner. My realtor mentioned that they’re on a month to month lease and is paying less than the current fair market value. Legally, I don't know what to ask the owner about the tenant and how to move forward when I take ownership. Please if there is any advice anyone can share I would greatly appreciate it.

Thank you.

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