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Updated about 17 years ago,

User Stats

159
Posts
13
Votes
Grand Wally
  • Real Estate Investor
  • Louisville, KY
13
Votes |
159
Posts

Lease question...

Grand Wally
  • Real Estate Investor
  • Louisville, KY
Posted

Here is the situation. Found a GREAT house that will cash flow day 1. A renter has been secured. Because of the timing of the issue, however, the seller is signing his lease with the tenant and I'll probably close on the house about 2 weeks after she signs this lease with him.

He won't let me see a copy of the lease...not even a blank copy of the lease...until closing, assuming I go through with the deal. He "doesn't like to show people copies of it". So I would be buying a house with a tenant who is bound to a lease that I won't see until the ink is dry...

Not sure I like this. Suggestions? Thoughts? Am I being paranoid? Thanks!

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