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Updated about 2 years ago on . Most recent reply

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Kris Roy
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Seller becoming tenet after transaction

Kris Roy
Posted

Good morning everyone,

This is my first post to the BiggerPockets forum and I’m excited to be here. I am currently looking at purchasing my first buy and hold  investment property in New Hampshire area. I have targeted a particular property that needs some work, but will have a good monthly cash flow after factoring in all cost. my question is this the seller is requesting to stay in the current owner occupied unit after the transaction and is willing to pay market rental price to do so. Has anyone run into this scenario? If so, what are the pros and cons of doing so?

I’m looking forward to your response is thank you in advance. 

Kris

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