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Updated over 4 years ago,

Marci Stein's profile image
Marci Stein's profile image
Marci Stein
  • Rental Property Investor
  • from New York, NY
  • Member since Jun 10, 2011
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User Stats

942
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501
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Marci Stein's profile image
Marci Stein's profile image
Marci Stein
  • Rental Property Investor
  • from New York, NY
  • Member since Jun 10, 2011
Connect
Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts
Buying & Selling Real Estate

Buying leasehold house - bad idea?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Nice NY foreclosure house on 6 acres selling cheap . I’d like to put in an offer but listing states:

“Subject to leasehold interests or claims of various tenants “

Please help clarify what exactly I might get involved in , if I’m the highest bidder. 

I have a feeling  it’s more than just a regular  tenant eviction- is that right? Anyone been through this? 
thanks!

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