Buying an existing rental in California

[Sam Booth]

I am about to put an offer in on a tenant occupied property from the 1950s. I walked the property but it was full of tenants stuff so hard to see much of the walls and what not. Everything seemed functional. The owner passed away and so the property is being sold. Thinking about offering slightly over the list price and saying that I wouldn't ask for any repairs. I am financing with a conventional loan. Any tips as it will probably be a 4 or 5 offer property in a good market?

[AJ Wong]

Strong loan approval or loan commitment. Have lender make contact with listing broker after submission. Limit concessions. Reduce inspection period. Escalation clause.. @Joseph Chiofalo is a good back up lender and can reinforce strength of borrower to sellers broker. Good luck!