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Updated about 2 years ago,
Vacate units when buying multis?
Howdy Folks,
I wanted to reach out to see how many folks that have purchased multi-family properties required in the offer that the units be vacant at close of escrow.
I realize that it all depends on the context. However, I have found that in recent transactions, this request is needed so that work can be done and rents can be brought up to the market level so that the property will even cash flow.