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Updated about 4 years ago on .

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Jessey Allen
  • Washington State
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Buying an investment property with many tenants during COVID

Jessey Allen
  • Washington State
Posted

Would you buy an investment property, eventually to turn into Airbnb, for a slightly better deal (20-25K less), because it has 6 separate tenants living in it?  The house with mother-in-law apartment is technically 4 bedrooms and 3 bath with 2 rooms in the basement that are tenant occupied. 5 of them share one kitchen and 2 bathrooms. They may be agricultural workers and are paying rent for their rooms and shared kitchen and baths. Trying to find out how much they are paying before making an offer. As of right now, we have 2 months left on the eviction moratorium (expires March 2021), but don't know if that could get extended again. It might be a good opportunity because my market is competitive and haven't had any luck so far securing an investment property this whole year. Thoughts?