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Updated about 6 years ago,
Triplex with late rent?
Hey all,
I'm looking at a triplex in a target market. Cap rate is high, but the two units that are currently rented are behind. One unit is being evicted by the wholeseller that is working with me. The second unit will probably also be evicted shortly. I have been told end to end that the eviction process only takes 3 weeks, but I have my reservations. I understand that all 3 units will be fully rented before closing.
Would you suggest that I let the wholeseller work their magic, or just find a new place? Nothing strictly tying me to the evicted property, but just wondering if there had been any success stories doing otherwise?