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Updated over 2 years ago, 05/07/2022

User Stats

11
Posts
6
Votes
Kilby Browne
  • Real Estate Agent
  • Union City, NJ
6
Votes |
11
Posts

Buying with tenants in place in New Jersey

Kilby Browne
  • Real Estate Agent
  • Union City, NJ
Posted

I am looking at making an offer on a small multi family in New Jersey. The listing agent wants me to acknowledge on the offer that there are tenants in place. I don't  want the tenants because they are paying under market value and my numbers would not work. The agent said the tenants are month to month, but I am concerned. 

Any thoughts on how to handle this matter?

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