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Updated over 8 years ago,
Looking to buy first property - already rented
So, I am attempting to buy my first property. The current one that I have an offer on is already rented. The current landlord has had it rented to this guy for over two years. He did NOT do a background check or credit check. So, he can't provide this info to me. The landlord says he has always paid on time and been no issue at all. (Of course, this guy is also trying to unload the property!) I am planning to reach out to the tenant today to speak about the checks and do some pre-screening. This is a contingency in my contract - that I approve the current renter. What advice do you have for me? What do I want to make sure I do or ask? Thank you!