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 9 years ago,

User Stats

23
Posts
4
Votes
Nelson J Castillo
  • Investor
  • Valrico, FL
4
Votes |
23
Posts

Buying first property process

Nelson J Castillo
  • Investor
  • Valrico, FL
Posted

Hello all,

I'm in the process of buying my first home and have run into a few bumps. I'm hoping to get some feedback regarding the situation. I submitted an offer on a property and it was accepted. I'm using a conventional loan @ 5% down and am due to close on the house in 1 month. However, the current owner has a tenant in the property with a lease through April 2016. I have been advised by my title agent that if I were to go through with the closing, I would be signing some untruthful documents regarding it being my primary residence since there is currently a tenant. The current tenants are very dirty people. The house is a complete mess inside due to their uncleanliness. I also noticed that they had pets that seemed to be malnourished and their kids had scratches on their faces. Knowing this, I asked the owner's realtor if they could possibly end the lease this month or the following month (with me extending the closing an extra 30 days). The realtor basically told me that she has 30 people waiting to see the property, which I doubt since it was so difficult to see the property with the current tenants (they are barely ever home). She said to send a termination to her if we didnt want to move forward. I am at an impasse. Thoughts?

Nelson J Castillo