Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 over 7 years ago on . Most recent reply

User Stats

35
Posts
3
Votes
Peter Pezzano
  • Real Estate Broker
  • Somerville, MA
3
Votes |
35
Posts

To Keep the Tenants or Not

Peter Pezzano
  • Real Estate Broker
  • Somerville, MA
Posted

I am currently negotiating a deal for a 3 family in my desired area. The property hits all my numbers almost perfectly. The road block I'm running into is the seller does not want to deliver the property vacant at closing. He says he is selling because he is old and does not want to deal with the burdens of owning the property anymore, however, the property is turn key and the only burden I can see from this property is the tenants. I can see these tenants becoming a problem down the road when I want to raise rent to market rate. I don't want to inherit these tenants for reasons I am already familiar with. What would be the best way to create a win win for both parties in this situation?

Loading replies...