Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

96
Posts
7
Votes
Michael Elfant
  • Developer
  • Hoboken, NJ
7
Votes |
96
Posts

Should I buy a property with a difficult non-paying tenant?

Michael Elfant
  • Developer
  • Hoboken, NJ
Posted

Hi All - I am looking to potentially acquire a property at a discount due to an issue that the current owner has that he doesn't want to deal with himself.  The details are as follows:

The owner's daughter and her boyfriend are currently occupying his property without paying rent.  This has been going on for 5+ years and the father is looking to sell the property and pass along the tenant and subsequent eviction problem to me, the buyer.  Of course, I will be compensated fairly for taking on this headache.  I'm just wondering if anyone has gone through anything like this and what the process is?  I should add that the property is in NJ.  I think that even if it takes me 3-6 months to evict that the deal is still worth it based on the purchase price and the fair mkt value.    

Thanks,

Mike

Loading replies...