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Updated almost 4 years ago, 01/29/2021

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5
Posts
2
Votes
Jessa Turner
2
Votes |
5
Posts

Buying a multiplex with renters already there

Jessa Turner
Posted

Interested in buying a duplex, one unit is empty and the other is occupied. However, the current renters will not let us see their unit, they say we can’t. The realtor says they’re hoarders and they are paying lower rent then what they should be. Market value for the unit is $1300 and they are paying $900. I think they are trying to sabotage buyers from buying because of the low rent. What should you do? Put in an offer with contingencies ? Can the current renters do this ?? What can you put in the contract to protect yourself if you do make an offer ?

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