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Updated over 2 years ago on . Most recent reply

User Stats

12
Posts
6
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Matheu Santos
  • Investor
  • Germany
6
Votes |
12
Posts

Can you sell your property with a tenant in it?

Matheu Santos
  • Investor
  • Germany
Posted

My property appreciated around 100k in just 2 years, which I bought with a VA loan with 0 down in Colorado Springs. I turned it into a rental and currently it cashflows $108 monthly after all operating costs. I want to take my profits and purchase a multi family in Florida with a much better ROI. If I refinance, I'll be able to get 90k, however I'll be negative $300/month. Would I be able to sell the property even though the lease is 5 months from ending? Should I just wait and pass on this opportunity? Thanks in advance!

Most Popular Reply

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9,861
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5,552
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Eliott Elias
  • Investor
  • Austin, TX
5,552
Votes |
9,861
Posts
Eliott Elias
  • Investor
  • Austin, TX
Replied

Yes. The new owner inherits the tenant and has to abide by the lease in place. They could buy out the tenants lease as well

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