Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 4 years ago,

User Stats

11
Posts
1
Votes
Bryan Brooks
  • Investor
  • Dallas, TX
1
Votes |
11
Posts

Any Pointers on Selling an Investment Property w/ Tenant

Bryan Brooks
  • Investor
  • Dallas, TX
Posted

I own an investment property in Virginia. I purchased it in 2005. It's been a great investment. It's about 3,300 square feet. Current market value is between $330,000 and $350,000 or so. It rents for $1,900 per month. I pay an 8% management fee ($152/month) to Dodson Property Management, based out of Richmond, VA. Dodson has been a fantastic MGMT company to work with.

The lease ends in April 2021. Tenants seem to like living there and also keep the house in good condition. Never had a late payment from them. 

My question here is if anyone has tried to sell an investment property in the middle of a lease? I have another investment property that I'm interested in and I'd like to use the equity from this property, after sale, to purchase another property.  I'm thinking of offering the property to the tenants but I just want to be aware of any issues as I've never tried to sell any of my investment properties while they're leased. 

Just looking for any guidance or tips. Appreciate your time. 

Bryan

Loading replies...