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Updated over 5 years ago on . Most recent reply

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165
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Patrick McGrath
  • Rental Property Investor
  • Westminster, MD
221
Votes |
165
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First Tri-plex! Asking Current owner to evict tenant?

Patrick McGrath
  • Rental Property Investor
  • Westminster, MD
Posted

I am getting ready to submit offer on my First MFR Tri-plex. I have spoken directly with owner and price has already been agreed upon. All 3 units are rented out currently, 2 units at $750 and 1 at $650. In speaking with the owners he mentioned the tenant paying $650 needed to be reminded and has had to send multiple pay or quit, tentant always pays.

Can/should i ask for this tenant/unit to be empty upon closing?

Market rents are $900-$950 2br-1bath in area. And i would like to rehab 1 unit ASAP.

Anyone have success going this route? 

Thank you in advance 

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Put yourself in the seller’s shoes.  He is unlikely to vacate the unit because if you can’t/don’t close he now has a vacant unit.....unless you put up a Large non refundable EM.  You can sk, if you can convince him you truly have the ability to close and if not, just take and non renew/evict the tenant yourself.

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