General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
New property law suit in progress
Hey everyone,
So I identified a four plex for my 1031 exchange and then put it under contract. This will be my fourth property but as I was about to submit my Ernest money and option money. The current owner discloses that one of the tenants is suing them for a bogus slip and fall. She also tells us that if I want I can evict them right away because they're violating their lease by running a home business out of their apartment. So I guess do I run away from this deal? Go forward and begin eviction proceedings the first week? Or option 3?
Thanks again!