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Updated over 6 years ago,

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?

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