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Updated over 3 years ago,
Evictions at closing of a new property
I found a property in a very good area at below market value. It is a double unit, each 2 bed 1 bath. It is outdated and has tenants in it. They have been there for 10 years +/- and have a good track record with paying rent. The problem is they are paying 50% of the market rent for the area. The numbers show that it is a no brainer to buy if I was to evict, update and rent. Has anyone been in this situation? Without the eviction I would netting about $75 per door.