Purchase a 4plex evict everyone??

[Kenisha B.]

Hello BP Fam,

I found a 4plex in Texas, at a decent price, but the rents aren’t at market. I highly doubt anyone would want to pay an extra $500 a month in rent, so I’m thinking I’d have to evict everyone. Is this a bad idea? I guess if they have security deposits… they won’t get mad and trash the place 🤔. I do feel terrible displacing a bunch of people (when rents are so high)… but this is business so i need to “woman up” I suppose & not get emotionally invested. My realtor tells me it’s pretty easy to kick people out in Texas… unlike in my hometown (Los Angeles)… but has anyone don’t this before? If so did u find new tenants easily and did the old tenants leave peacefully? Also how much does it typically cost to get an apartment unit ready for a new tenant?