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Updated almost 7 years ago,
Triplex - Do you prefer tenants or no tenants when buying?
I am finishing up rehabbing the last unit of a 3 plex in Omaha that I am planning to sell. Currently, all units are vacant, which obviously made it easier to rehab, and will be much easier for scheduling showings. I'd rather not go through the hassle of getting the units rented before selling, but I can/will if it makes a strong difference to potential buyers. Personally, I prefer to buy properties similar to the one I am selling when they are vacant because more often than not, inherited tenants aren't great.
But, I am curious to hear if others have opinions either way on whether or not they like a building occupied when buying. What say you?