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Updated almost 10 years ago on . Most recent reply

User Stats

133
Posts
29
Votes
Ray Mulli
  • Investor
  • Minneapolis, MN
29
Votes |
133
Posts

Motivated seller, nightmare tenant

Ray Mulli
  • Investor
  • Minneapolis, MN
Posted

Hey BP's

I would like to get your input on the following: 

So I have a seller, currently working/living in a different state who owns a SFH in the state I wholesale in. I have his permission to view the inside of the house prior to making him an offer. He have me his tenant's cell # so I could call her and make arrangements to tour the inside. He also warned me that she is "crazy". Seller is foreign-born and I thought he used that word casually.

I contacted the renter and she has broken viewing appointments 3 times and now she is not answering her cell or responding to texts. I have reported this to the seller who has no immediate plans to returning to the state. I need to add that he is selling FSBO.

Since I'm a wholesaler, I can see this situation playing out to my advantage to where I have a super motivated seller driven to his wits end by a crazy tenant. 

I have kept him informed of all broken appointments and last I spoke with him he said she brought him the rental lease,had him sign it and then she changed the term to 3 years!

Please advise how I should get tenant to let me view the house.

All comments welcome 

Most Popular Reply

User Stats

1,351
Posts
1,087
Votes
Josh Caldwell
  • Investor
  • Dallas TX, United States
1,087
Votes |
1,351
Posts
Josh Caldwell
  • Investor
  • Dallas TX, United States
Replied

for starters, I would show up on her door and explain to her that I was buying the house and if she didnt copertate with me, my first task would be to evict her.  That lease isnt legally valid, all you need in my state is a notarized letter from him about her changing the term on the lease, hopefully backed up by his copy. 

I would take this property at a fire sale price from him, I would use an option and never close on it, I would flip the contract and get paid a release fee for doing so.  I would tell the next buyer about the situation and the solution, and let that guy deal with her.

I would be honest about it, as I get more deals from people that I was fair with than I do from strangers, but I would be sure that she would never be my problem. 

I hope that helps

Josh

Ps free free to connect with me on BP

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