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Updated almost 4 years ago, 02/21/2021
Buying a property with pending tenant evictions
Hi all
I'm evaluating at a multi family with 10 units, 2 of which are occupied by tenants that are not paying rent. The seller says they are in the process of evicting the tenants, but I do not know how far along in the process they are.
I like a lot of the other aspects of the deal but I'm not sure how to approach pending eviction issue. To be honest, it's a little bit scary. On the other hand, I feel like I could use it to my advantage to get a better deal by helping the seller solve his problem.
Any advice on how to think about or handle this issue?