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Updated almost 8 years ago,
Buying an existing rental property
Can anyone point me to a forum or other discussion on how the process works when you are buying an exiting property that is already being rented out? So it already has tenants exiting on the property, what happens to them and their lease with the current owner if I were to buy the property? FYI, the idea of me buying the property is to also rent it out, but trying to understand more of how the lease and other things go from current owner to me being the new owner. Any help, direction or advice would be appreciated.