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Updated over 8 years ago on . Most recent reply

User Stats

17
Posts
11
Votes
Barclay Hallowell
  • Columbus, OH
11
Votes |
17
Posts

Newbie Question-How does a tenant affect a wholesale opportunity?

Barclay Hallowell
  • Columbus, OH
Posted

Looking at my very first inquiry from my very first online ad (craigslist). The seller is "quietly" motivated and wants to sell a house that he rents out. it was his first house and now he has the property he lives in too. The 2 mortgages are affecting his credit and he wants to unload the first house.

In all my researching of wholesaling I've yet to find out how a tenant affects the transaction. Does it even make a difference if the property to be wholesaled is currently a rental?

Any direction for this would be greatly appreciated! Thanks!

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