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Updated over 7 years ago,
First House. Advice Needed
Hello Everyone
I just submitted a contract on my first deal. This would be our primary residence while we fixed it up and then we would rent it out in the future.
The house is currently rented out as a sober home (for people who have recently gone through rehab to transition back into society). The home is rented through the end of July. We are looking to close on August 1st as I do not want to be responsible for removing tenants under a lease I did not write.
My question is, what risks do we run with delaying closing three months? How can we ensure that the current occupants will be vacated prior to closing? Also, if anyone has any experience with sober homes I would love to hear it.
Thanks!