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Updated over 10 years ago on . Most recent reply

Clay Manship's profile image
Clay Manship's profile image
Clay Manship
  • from Indianapolis, IN
  • Member since Aug 23, 2013
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Clay Manship's profile image
Clay Manship's profile image
Clay Manship
  • from Indianapolis, IN
  • Member since Aug 23, 2013
Connect
Clay Manship
  • Indianapolis, IN
310
Votes |
549
Posts
General Landlording & Rental Properties

Rehabbing a Property That Already Has Tenants...? Help!

Clay Manship
  • Indianapolis, IN
Posted

I am purchasing a 4-plex that already has 2/4 units occupied. However, I will be spending upwards of $75K to completely rehab the place and bring in a new clientele and rent level. Does anyone have experience doing this? Would the best thing to do be to buy the tenants out of their lease, or is there a way to do rehab work around them?

Any input is appreciated--thanks all!

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