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Updated over 7 years ago on . Most recent reply

User Stats

37
Posts
12
Votes
Shaun Moore
  • Investor
  • Helena, MT
12
Votes |
37
Posts

Storage Unit Purchase With Past Due Rents

Shaun Moore
  • Investor
  • Helena, MT
Posted

Hi there. I am purchasing a storage unit facility. There are $2,500 of prepaid rents that the sellers are transferring to me. There is also $1,400 in past due rents that they want to deduct from the $2,500. The property has been in an Estate for a while and not properly managed. 

Is this a common arrangement? I feel like I should not have to acquire the debt, and at very least negotiate on it. 

Thanks in advance for your thoughts. 

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