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Updated over 9 years ago on . Most recent reply

User Stats

113
Posts
18
Votes
Barshay Graves
  • Investor
  • Vineland, NJ
18
Votes |
113
Posts

Buying Duplex with Tenants already living there

Barshay Graves
  • Investor
  • Vineland, NJ
Posted

Im putting together a deal for a duplex that already is fully occupied.  I have to live in one of the units since it will be an fha deal. 

Now the current owner says we can't settle until the first lease ends which is in September which will slow the entire process down. 

Why would this matter if I will be the new owner? Wouldn't one of the tenants have to leave when I say so? 

Anyone deal with a similar situation? 

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