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Updated over 7 years ago on . Most recent reply

User Stats

20
Posts
2
Votes
Sateesh B.
  • Investor
  • Monroe, NJ
2
Votes |
20
Posts

Bought a occupied condo in auction

Sateesh B.
  • Investor
  • Monroe, NJ
Posted

Bought an occupied condo in auction this week, I am a rookie into investment real estate, I have never dealt with dealing with properties that already has owner living in it. Can any one suggest what are the things i got to do to vacate the owner and also make sure that he doesnt do any damage to the property.

The condo that bought also has a clause saying owners have to live in the condo for 2 years before renting, is this applicable for me, since i bought this in auction (i didnt knew this clause and was not mentioned on the auction that there is a rental clause) would i be exception for this clause.

Appreciate your replies. Thanks

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