Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 6 years ago on . Most recent reply

User Stats

155
Posts
118
Votes
Patrick Fraire
  • Flipper/Rehabber
  • Long Beach, CA
118
Votes |
155
Posts

Seller wants me to inherit their tenant

Patrick Fraire
  • Flipper/Rehabber
  • Long Beach, CA
Posted
I’m in negotiation with a seller on a small multi family property in riverside, CA. They are out of state owners and are currently paying the mortgage for a friend to live there for free. She is a senior citizen and can’t afford to pay rent I guess? I offered $330k Seller countered at $340k + 1 year lease for their friend (old lady) @$1000/month (Market rent is $1050-$1150 /month) They will not budge on helping out their friend. Any advice on what I should do next?

Most Popular Reply

User Stats

6,241
Posts
3,800
Votes
Aaron K.
  • Specialist
  • Riverside, CA
3,800
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied

you could counter at $330k or even less and keep the "friend" because that seems to be the most important to them.  If the friend doesn't pay rent they would go through the same process as any other tenant in the same situation.  If you don't want to inherit any tenants your only option may be to move on.

Loading replies...