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Updated about 5 years ago, 12/05/2019
Buying my first house hack
Good afternoon everyone,
I am a new investor about to close on my first building next week. Everything went smooth through the contract stages and then I just found out that the one tenant that was supposed to be out at the end of the month is not out yet and we are supposed to close Monday. Turns out that the seller is being sued by the tenant for lack of repairs to the building that I was unaware of. I put the closing on hold until the problems are resolved. Should I back out of the deal or should I proceed with the closing after the problems are resolved. Am I stepping out of my range if I go talk to other two tenants about the building?
Thanks in advance,
Bryce