Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Am I inheriting a potential eviction problem?
Hello BP family,
I have come across a multifamily in Richmond BayArea (a 3bedroom main house and a legally built 1bedroom ADU). The main house needs a renovation, has potential to be converted to duplex and back ADU currently has a tenant. My plan for the property is to offer 600k, 20% down and 4% interest rate with first republic bank and 50k for the renovation.
When the current owner asked tenant at back ADU to vacant the property, they didn't compliant and has not paid rent since October. I am worried if this is a mistake taking up the property with eviction problem. I know I could negotiate with the tenant if they want to continue living and pay the rent or potential eviction.