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Updated over 6 years ago on . Most recent reply

Account Closed
  • Pearl, MS
4
Votes |
37
Posts

Buying A Property Occupied With a NonPaying Tenant?

Account Closed
  • Pearl, MS
Posted

I wanted to get the community's opinions on buying a property when the current landlord has already let it be known that they are selling because of a nonpaying tenant? 

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1,632
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Johann Jells
  • Rental Property Investor
  • Jersey City, NJ
875
Votes |
1,632
Posts
Johann Jells
  • Rental Property Investor
  • Jersey City, NJ
Replied

Just as all tenants are not created equal, neither are all landlords.  You can sometimes get a bargain by taking on what others would not. I have a nicely cashflowing property that was full of scummy tenants and had an immense fuel bill. I was able to solve those problems.

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