Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

56
Posts
11
Votes
Maria De La Vega
  • New to Real Estate
  • San Diego, CA
11
Votes |
56
Posts

Buying a property to flip but it's occupied by tenants until the end of the year

Maria De La Vega
  • New to Real Estate
  • San Diego, CA
Posted

Hi again,

I am interested in purchasing a property in Texas, (out of state) with the intention of flipping it and putting it in the market, the property has a good ARV and doesn't need much work, but is occupied by a tenant and the lease is up until the end of the year.

I have a few questions since this is my first time purchasing a property out of state.

If I allow the tenant to stay until the end of the year, do I need to go with a conventional loan instead of Hard money loan, so I can't fix it right away?

How can I get the tenant out of the property before the lease is up so I can use the hard money loan and fix the property to put it in the market?

TIA

Loading replies...